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...

A rapidly growing literature has shown that market concentration among domestic firms has increased in the United States over the last three decades. Using confidential census data for the manufacturing sector, we show that typical measures of concentration, once adjusted for sales by foreign...

In the past several decades, the U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism. In this paper, we make an attempt to understand potential common forces behind these empirical regularities through the lens of...