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dc.contributor.authorGagliardi, F.
dc.date.accessioned2012-02-08T17:01:09Z
dc.date.available2012-02-08T17:01:09Z
dc.date.issued2006
dc.identifier.citationGagliardi , 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 .
dc.identifier.otherPURE: 78068
dc.identifier.otherPURE UUID: 52a6cae3-806e-469b-a04c-c885f2ff3c6f
dc.identifier.otherdspace: 2299/1410
dc.identifier.otherORCID: /0000-0003-3240-2760/work/62750217
dc.identifier.urihttp://hdl.handle.net/2299/7782
dc.description.abstractThis 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.en
dc.language.isoeng
dc.publisherUniversity of Hertfordshire
dc.relation.ispartofseriesBusiness School Working Papers
dc.rightsOpen
dc.titleBanking Market Structure, Creation and Activity of Firms: Early Evidence for Cooperatives in the Italian Caseen
dc.contributor.institutionHertfordshire Business School
dc.relation.schoolHertfordshire Business School
dcterms.dateAccepted2006
rioxxterms.typeWorking paper
herts.preservation.rarelyaccessedtrue
herts.rights.accesstypeOpen


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