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Economics Working Papers >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26241
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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. |
| Keywords: | Entry
Barriers to Entry
Bank
Mergers
Small Business |
| 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might be withdrawn by the consolidating firms.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. |
| URI: | http://hdl.handle.net/2451/26241 |
| Appears in Collections: | Economics Working Papers
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