IDEAS home Printed from https://ideas.repec.org/a/mes/eaeuec/v50y2012i5p5-22.html
   My bibliography  Save this article

Bank Concentration, Private Credit, and Firm Turnover

Author

Listed:
  • Luigi Moretti

Abstract

This study focuses on the role of credit constraints as important determinants of firm entry and exit. In particular, the relationship between the banking market structure and the turnover of firms in nonfinancial sectors is estimated for the period 2001-5 using industry-level data across a cross-section of EU-15 countries and new member states. Estimation results show that a higher degree of bank concentration is associated with lower firm turnover only in countries with a large banking sector (i.e., in EU-15 countries). This suggests that bank concentration in itself is not a barrier to firm turnover but has different net effects on different levels of financial, institutional, and economic development.

Suggested Citation

  • Luigi Moretti, 2012. "Bank Concentration, Private Credit, and Firm Turnover," Eastern European Economics, Taylor & Francis Journals, vol. 50(5), pages 5-22, September.
    • Handle: RePEc:mes:eaeuec:v:50:y:2012:i:5:p:5-22
    as

    Download full text from publisher

    File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=R3164583UN512524
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Elena D'alfonso & Luigi Moretti, 2012. "The finance-growth nexus in ceec: new evidence from a survey-based indicator of external financial dependence," Economics Bulletin, AccessEcon, vol. 32(3), pages 2688-2699.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:eaeuec:v:50:y:2012:i:5:p:5-22. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MEEE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.