Bank market structure, competition, and SME financing relationships in European regions

Mercieca, Steve and Schaeck, Klaus and Wolfe, Simon (2009) Bank market structure, competition, and SME financing relationships in European regions. Journal of Financial Services Research, 36 (2-3). pp. 137-155. ISSN 0920-8550

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Abstract

How do concentration and competition in the European banking sector affect lending relationships between small and medium sized enterprises (SMEs) and their banks? Recent empirical evidence suggests that concentration and competition capture different characteristics of banking systems. Using a unique dataset on SMEs for selected European regions, we empirically investigate the impact of increasing concentration and competition on the number of lending relationships maintained by SMEs. We find that competition has a positive effect on the number of lending relationships, weak evidence that concentration reduces the number of banking relationships and weak persistent evidence that they tend to offset each other.

Item Type: Journal Article
Journal or Publication Title: Journal of Financial Services Research
Additional Information: Date of Acceptance: 22/04/2009
Uncontrolled Keywords: /dk/atira/pure/subjectarea/asjc/1400/1402
Subjects:
Departments: Lancaster University Management School > Accounting & Finance
ID Code: 73653
Deposited By: ep_importer_pure
Deposited On: 18 Jun 2015 05:39
Refereed?: Yes
Published?: Published
Last Modified: 29 Oct 2019 07:08
URI: https://eprints.lancs.ac.uk/id/eprint/73653

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