Bank market structure and entrepreneurship

被引:28
作者
Rogers, Tammy M. [1 ]
机构
[1] Univ Cent Arkansas, Dept Econ Finance & Insurance & Risk Management E, Conway, AR 72035 USA
关键词
Entrepreneur; Banking market; Bank competition; Firm creation; Community bank; Relationship banking; UNITED-STATES; LIQUIDITY CONSTRAINTS; COMPETITION; DEATHS; GROWTH; BIRTHS;
D O I
10.1007/s11187-011-9320-0
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper investigates the impact of bank market structure differences within U.S. states on entrepreneurial activity. A panel model is used to evaluate differences in new firm starts within the states relative to the bank market structure and competition. The results indicate that states with more small banks, as measured by the number of unit banks, and banks with more branch locations contribute to new firm creation. Overall competition, as measured by the total number of banking institutions, has a negative effect on firm creation. There is limited evidence that bank failures also have a negative impact on firm creation within the state.
引用
收藏
页码:909 / 920
页数:12
相关论文
共 34 条
[11]  
Campbell ND, 2007, J PRIV ENTERP, V22, P119
[12]   Founders' human capital and the growth of new technology-based firms: A competence-based view [J].
Colombo, MG ;
Grilli, L .
RESEARCH POLICY, 2005, 34 (06) :795-816
[13]   Economic freedom and service industry growth in the United States [J].
Gohmann, Stephan F. ;
Hobbs, Bradley K. ;
McCrickard, Myra .
ENTREPRENEURSHIP THEORY AND PRACTICE, 2008, 32 (05) :855-874
[14]  
Hall C., 2006, SO J ENTREPRENEURSHI, V1, P69
[15]  
Hein S.E., 2005, ECON REV, V90, P15
[16]   Job creation by the self-employed: The roles of entrepreneurial and financial capital [J].
Henley, A .
SMALL BUSINESS ECONOMICS, 2005, 25 (02) :175-196
[17]   Financing, regulatory costs and entrepreneurial propensity [J].
Ho, Yuen-Ping ;
Wong, Poh-Kam .
SMALL BUSINESS ECONOMICS, 2007, 28 (2-3) :187-204
[18]   STICKING IT OUT - ENTREPRENEURIAL SURVIVAL AND LIQUIDITY CONSTRAINTS [J].
HOLTZEAKIN, D ;
JOULFAIAN, D ;
ROSEN, HS .
JOURNAL OF POLITICAL ECONOMY, 1994, 102 (01) :53-75
[19]   ENTREPRENEURIAL DECISIONS AND LIQUIDITY CONSTRAINTS [J].
HOLTZEAKIN, D ;
JOULFAIAN, D ;
ROSEN, HS .
RAND JOURNAL OF ECONOMICS, 1994, 25 (02) :334-347
[20]   The choice between bank debt and trade credits in business start-ups [J].
Huyghebaert, Nancy ;
Van de Gucht, Linda ;
Van Hulle, Cynthia .
SMALL BUSINESS ECONOMICS, 2007, 29 (04) :435-452