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-sized enterprises (SMEs), this study seeks to identify the effect of bank market power on aggregate growth components. We test for a pre …-crisis sample whether bank market power spurs or hinders the reallocation of resources across informationally opaque firms … in Germany. The results show that bank markups spur aggregate SME growth, primarily through technical change and the …
Persistent link: https://www.econbiz.de/10013037496
We test whether output growth in European economic agglomeration regions depends on financial development. To this end we suggest a relative measure of the quality of financial institutions rather than the usual quantity proxy of financial development. In order to measure the quality of...
Persistent link: https://www.econbiz.de/10012989291
With this paper we seek to contribute to the literature on the relation between finance and growth. We argue that most studies in the field fail to measure the quality of financial intermediation but rather resort to using proxies on the size of financial systems. Moreover, cross-country...
Persistent link: https://www.econbiz.de/10012989310
Persistent link: https://www.econbiz.de/10012989312
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The inability of most bank merger studies to control for hidden bailouts may …
Persistent link: https://www.econbiz.de/10012989321
The inability of most bank merger studies to control for hidden bailouts may lead to biased results. In this study, we … employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the …
Persistent link: https://www.econbiz.de/10010295902
German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous …
Persistent link: https://www.econbiz.de/10010295905
different banks as being best or worst performers. Our main conclusion is that efficiency studies in general and bank efficiency …
Persistent link: https://www.econbiz.de/10010295908
With this paper we seek to contribute to the literature on the relation between finance and growth. We argue that most studies in the field fail to measure the quality of financial intermediation but rather resort to using proxies on the size of financial systems. Moreover, cross-country...
Persistent link: https://www.econbiz.de/10010295910