Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/119501
Authors: 
Pellényi, Gábor
Borkó, Tamás
Year of Publication: 
2009
Series/Report no.: 
FINESS Working Paper D.5.1
Abstract: 
We examine the impact of bank competition and institutional factors on net firm entry in a sample of European manufacturing industries over the 1995-2006 period. Taking into account industry differences in the need for external finance, we find that bank competition helps firm entry. In addition, better institutions - especially legal structure and property rights - also have a positive impact, particularly through a better functioning financial system.
Subjects: 
market structure
banks
market entry
manufacturing
financial development
JEL: 
D4
G21
L11
L60
O16
Document Type: 
Working Paper

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