of bank competition on firms' access to finance. They find that low competition, as measured by high values of the Lerner … information, can mitigate the damaging impact of low competition. But other characteristics, such as high government bank … index, diminishes firms' access to finance, while commonly-used bank concentration measures are not robust predictors of …

of bank competition on firms' access to finance. We find that low competition, as measured by high values of the Lerner … index, diminishes firms' access to finance, while commonly-used bank concentration measures are not robust predictors of … firms' access to finance. In addition, the impact of competition on access to finance depends on the environment that banks …

The paper investigates the link between bank concentration and a country's buyout market. We perform a macro level … for the size of the buyout market. The elasticity ranges from 1 up to 3 percent depending on which bank concentration … measure is employed and what segment of buyout market we look at. We also find that bank concentration is irrelevant for the …