University of Hertfordshire

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Banking Market Structure, Creation and Activity of Firms: Early Evidence for Cooperatives in the Italian Case. / Gagliardi, F.

University of Hertfordshire, 2006. (Business School Working Papers; Vol. UHBS 2006:11).

Research output: Working paper

Harvard

Gagliardi, F 2006 'Banking Market Structure, Creation and Activity of Firms: Early Evidence for Cooperatives in the Italian Case' Business School Working Papers, vol. UHBS 2006:11, University of Hertfordshire.

APA

Gagliardi, F. (2006). Banking Market Structure, Creation and Activity of Firms: Early Evidence for Cooperatives in the Italian Case. (Business School Working Papers; Vol. UHBS 2006:11). University of Hertfordshire.

Vancouver

Author

Bibtex

@techreport{52a6cae3806e469ba04cc885f2ff3c6f,
title = "Banking Market Structure, Creation and Activity of Firms: Early Evidence for Cooperatives in the Italian Case",
abstract = "This paper investigates whether local differences in banking competition impact on the creation and activity of firms, with a special focus on cooperatives. The econometric analysis, implemented on a sample of firms operating in the Italian provinces during the years 1998-2003, reveals non-monotonic effects of bank market power on both firm creation and activity. With regard to the former, a bell-shaped relationship is found for both cooperative and--non-cooperative firms, suggesting that a moderately concentrated banking market tends to favour firms creation, regardless of their legal structure. A less homogeneous pattern emerges for firms activity rate. Indeed, the relationship between bank market power and firm activity rate continues to assume a bell-shaped form in the case of non-cooperative firms. By contrast, a U-shaped parabola is found for cooperatives, showing that active coops in the market benefit from a relatively more intense banking competition.",
author = "F. Gagliardi",
year = "2006",
language = "English",
series = "Business School Working Papers",
publisher = "University of Hertfordshire",
type = "WorkingPaper",
institution = "University of Hertfordshire",

}

RIS

TY - UNPB

T1 - Banking Market Structure, Creation and Activity of Firms: Early Evidence for Cooperatives in the Italian Case

AU - Gagliardi, F.

PY - 2006

Y1 - 2006

N2 - This paper investigates whether local differences in banking competition impact on the creation and activity of firms, with a special focus on cooperatives. The econometric analysis, implemented on a sample of firms operating in the Italian provinces during the years 1998-2003, reveals non-monotonic effects of bank market power on both firm creation and activity. With regard to the former, a bell-shaped relationship is found for both cooperative and--non-cooperative firms, suggesting that a moderately concentrated banking market tends to favour firms creation, regardless of their legal structure. A less homogeneous pattern emerges for firms activity rate. Indeed, the relationship between bank market power and firm activity rate continues to assume a bell-shaped form in the case of non-cooperative firms. By contrast, a U-shaped parabola is found for cooperatives, showing that active coops in the market benefit from a relatively more intense banking competition.

AB - This paper investigates whether local differences in banking competition impact on the creation and activity of firms, with a special focus on cooperatives. The econometric analysis, implemented on a sample of firms operating in the Italian provinces during the years 1998-2003, reveals non-monotonic effects of bank market power on both firm creation and activity. With regard to the former, a bell-shaped relationship is found for both cooperative and--non-cooperative firms, suggesting that a moderately concentrated banking market tends to favour firms creation, regardless of their legal structure. A less homogeneous pattern emerges for firms activity rate. Indeed, the relationship between bank market power and firm activity rate continues to assume a bell-shaped form in the case of non-cooperative firms. By contrast, a U-shaped parabola is found for cooperatives, showing that active coops in the market benefit from a relatively more intense banking competition.

M3 - Working paper

T3 - Business School Working Papers

BT - Banking Market Structure, Creation and Activity of Firms: Early Evidence for Cooperatives in the Italian Case

PB - University of Hertfordshire

ER -