This paper attempts to empirically assess the impact of bank consolidation on equity financing of SMEs in Nigeria. Using secondary data extracted from the Deposit Money Banks (DMBs)' aggregated data on profitability and Small and Medium Enterprises Equity Investment Scheme (SMEEIS) disbursement...

During the last thirty years, U.S. bank concentration has been growing over time, as has bank capital ratio, which has been rising and already well above the minimum capital requirement. To explain these findings, I develop a tractable dynamic model with two key elements: financial constrained...