We examine the impact of bank competition on the industrial structure using a city-industry level dataset during 2005 …-2009 in China. We find that bank competition increases the number of firms per capita and decreases average firm size in … industries with higher external financial dependence. Bank competition affects industrial structure through increasing the …

descriptive empirics, I show that exclusivity confers advantages in competition for a service that can generate larger lock … simulation shows that compulsory licensing that enforces non-exclusive distribution would not improve market competition by …