Banking on industry: the impact of financial services on regional industrial structure and development

Jaap W.B. Bos; Marta Degl'Innocenti

doi:10.26481/umagsb.2018009

Banking on industry: the impact of financial services on regional industrial structure and development

Jaap W.B. Bos, Marta Degl'Innocenti

Finance

Research output: Working paper / Preprint › Working paper

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Abstract

We investigate the extent to which local banking market characteristics can explain where small enterprises (SEs) are located and how they thrive. We start from a simple theory that explains the channels along which local banking market structure can affect the growth of SEs. Subsequently, we make use of a highly detailed data set, exploit unique features of the Italian banking system and find that the structure of the banking system explains the regional distribution of SEs in Italy, in particular through the historical presence of small banks.

Original language	English
Publisher	Maastricht University, Graduate School of Business and Economics
DOIs	https://doi.org/10.26481/umagsb.2018009
Publication status	Published - 2018

Publication series

Series	GSBE Research Memoranda
Number	009

JEL classifications

g21 - "Banks; Depository Institutions; Micro Finance Institutions; Mortgages"
r11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
c21 - "Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions"
d40 - Market Structure and Pricing: General

Keywords

SMEs
Banking
Market structure

Access to Document

10.26481/umagsb.2018009

RM18009Final published version, 572 KB

Cite this

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