Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/124090
Authors: 
Capozza, Claudia
Bergantino, Angela Stefania
Year of Publication: 
2013
Series/Report no.: 
53rd Congress of the European Regional Science Association: "Regional Integration: Europe, the Mediterranean and the World Economy", 27-31 August 2013, Palermo, Italy
Abstract: 
Using data from 2000 to 2007, we investigate the effect of bank concentration on the entrepreneurial initiative in the Central and Eastern European transition countries for eight industrial sectors. We set up a simple structural model bywhich we test the relationship between banking market structure and ...rm creation. First, we estimate the model on the whole sample, to test the general effect; then, we restrict the analysis to the high-technology-intensive sectors to verify the speci...c impact of banking market structure on industries which are, usually, more in need of external ...nance. Our results provide evidence of a non monotonic relationship: bank concentration promotes entrepreneurship; however, an excessive level of concentration becomes harmful. Moreover, the positive effect of concentration decreases for high-technology-intensive sectors. Entrepreneurship is also favoured by well-developed ...financial markets, perceived quality of the institutional environment, policies to prevent corruption and effective property rights protection.
Subjects: 
Bank concentration
transition economies
firm creation
JEL: 
G20
O16
E44
P20
P34
Document Type: 
Conference Paper

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