dc.contributor.author | Gagliardi, F. | |
dc.date.accessioned | 2012-02-08T17:01:09Z | |
dc.date.available | 2012-02-08T17:01:09Z | |
dc.date.issued | 2006 | |
dc.identifier.citation | 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 . | |
dc.identifier.other | dspace: 2299/1410 | |
dc.identifier.other | ORCID: /0000-0003-3240-2760/work/62750217 | |
dc.identifier.uri | http://hdl.handle.net/2299/7782 | |
dc.description.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. | en |
dc.format.extent | 196675 | |
dc.language.iso | eng | |
dc.publisher | University of Hertfordshire | |
dc.relation.ispartofseries | Business School Working Papers | |
dc.title | Banking Market Structure, Creation and Activity of Firms: Early Evidence for Cooperatives in the Italian Case | en |
dc.contributor.institution | Hertfordshire Business School | |
rioxxterms.type | Working paper | |
herts.preservation.rarelyaccessed | true | |