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|Title: ||The Dymanics of Market Entry: The Effects of Mergers and Acquisitions on
De Novo Entry and Small Business Lending in the Banking Industry,|
|Authors: ||Berger, Allen N.|
Bonime, Seth D.
Goldberg, Lawrence G.
White, Lawrence J.
Barriers to Entry
|Issue Date: ||Jul-1999 |
|Series/Report no.: ||EC-99-13|
|Abstract: ||We study the dynamics of market entry following mergers and acquisitions
(M&As), and the behavior of recent entrants in supplying output that
might be withdrawn by the consolidating firms. The data, drawn from the
banking industry, suggests that M&As are associated with subsequent
increases in the probability of entry. The estimates suggest that
M&As explain more than 20% of entry in metropolitan markets, and
more than 10% of entry in rural markets. Additional results suggest that
bank age has a strong negative effect on the small business lending of
small banks, but that M&As have little influence on this lending.|
|Appears in Collections:||Economics Working Papers|
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