Banking Concentration and Firm Growth: The Impact of Size, Location and Financial Crisis
Using conditional quantile regressions for a panel of listed firms from euro-area countries in the 2005–2011 period, we explore the role of banking concentration in firm growth between micro and larger firms; pre-crisis and post-crisis years; periphery and core countries. The results provide evidence on the differentiated role of banking concentration in firms exhibiting different growth rates, depending at the same time on firm size, firm location and the financial crisis.
KeywordsFirm growth Banking concentration Crisis Euro area periphery High-growth firms Low-growth firms Panel quantile regressions
JEL ClassificationL10 L25 E51
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