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Organizational foundations and closures in a regulated environment : Swedish commercial banks 1831-1990

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  • Bergström, Reinhold
  • Engwall, Lars
  • Wallerstedt, Eva

Abstract

This study analyzes the foundations and closures of the total population of Swedish commercial banks in 1831-1990 using both semi-parametric and parametric event-history methods. With reference to the comparatively rigid control of entries and exits in banking, five hypotheses are formulated: (1) acquisitions constitute the principal reason for closure in banking; (2) the early years are less hazardous for banks than for members of other industries; (3) the survival patterns of banks are related to the freedom of banking operations; (4) the survival rates of banks are positively related to the general economic activity at the time of foundation; and (5) the survival rates of banks are negatively related to the degree to which customer relationships already exist. The findings support the first, second, third and fifth hypotheses; some evidence also favours the fourth hypothesis

Suggested Citation

  • Bergström, Reinhold & Engwall, Lars & Wallerstedt, Eva, 1991. "Organizational foundations and closures in a regulated environment : Swedish commercial banks 1831-1990," Working Papers 1991:4, Uppsala University, Department of Business Studies.
    • Handle: RePEc:hhb:uufewp:9104
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    File URL: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-2292
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    References listed on IDEAS

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    1. Addison, John T & Portugal, Pedro, 1987. "On the Distributional Shape of Unemployment Duration," The Review of Economics and Statistics, MIT Press, vol. 69(3), pages 521-526, August.
    2. Engwall, Lars & Johanson, Jan, 1990. "Banks in industrial networks," Scandinavian Journal of Management, Elsevier, vol. 6(3), pages 231-244.
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    1. Reinhold Bergstro¨m & Lars Engvall & Eva Wallerstedt, 1997. "The importance of flexible hazard functions in the analysis of organizational survival data -- experiences from a cohort of Swedish commercial banks," Quality & Quantity: International Journal of Methodology, Springer, vol. 31(1), pages 15-35, February.

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