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.
Banking on industry: the impact of financial services on regional industrial structure and development / J.W.B. Bos, M. Degl'Innocenti. - Maastricht : Maastricht University, Graduate School of Business and Economics, 2018. [10.26481/umagsb.2018009]
Banking on industry: the impact of financial services on regional industrial structure and development
M. Degl'Innocenti
2018
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.
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