Regional financial development and bank competition: effects on firms' growth

Maudos, Joaquin; Fernandez de Guevara, Juan

[journal article]

dc.contributor.author	Maudos, Joaquin	de
dc.contributor.author	Fernandez de Guevara, Juan	de
dc.date.accessioned	2010-09-09T04:05:00Z	de
dc.date.accessioned	2012-08-29T23:07:57Z
dc.date.available	2012-08-29T23:07:57Z
dc.date.issued	2009	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/13389
dc.description.abstract	This paper analyzes the effect of regional financial development and bank competition on firms' growth using the Spanish provinces as a testing ground. Our results show that firms in industries with a greater dependence on external finance grow faster in more financially developed provinces. The results also show that bank monopoly power has an inverted-U effect on firms' growth, suggesting that market power has its highest effect at intermediate values. The effect is heterogeneous among firms according to the financial dependence of the industry they belong to. This result is consistent with the literature on relationship banking which argues that bank competition can have a negative effect on the availability of finance for more informationally opaque firms.	en
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Landscaping and area planning	en
dc.subject.ddc	Economics	en
dc.subject.ddc	Städtebau, Raumplanung, Landschaftsgestaltung	de
dc.subject.other	Economic growth; Regional financial development; Bank competition
dc.title	Regional financial development and bank competition: effects on firms' growth	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Regional Studies	de
dc.source.volume	43	de
dc.publisher.country	GBR
dc.source.issue	2	de
dc.subject.classoz	Area Development Planning, Regional Research	en
dc.subject.classoz	Öffentliche Finanzen und Finanzwissenschaft	de
dc.subject.classoz	Public Finance	en
dc.subject.classoz	Raumplanung und Regionalforschung	de
dc.identifier.urn	urn:nbn:de:0168-ssoar-133893	de
dc.date.modified	2010-09-16T11:20:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.gesis.collection	SOLIS;ADIS	de
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	3	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.rights.copyright	f	de
dc.source.pageinfo	211-228
internal.identifier.classoz	20700
internal.identifier.classoz	1090303
internal.identifier.document	32
internal.identifier.ddc	710
internal.identifier.ddc	330
dc.identifier.doi	https://doi.org/10.1080/00343400701808907	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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Raumplanung und Regionalforschung
Area Development Planning, Regional Research
Öffentliche Finanzen und Finanzwissenschaft
Public Finance

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