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

Mercieca, Steve, 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), 137-155. (doi:10.1007/s10693-009-0060-0).


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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: Article
Digital Object Identifier (DOI): doi:10.1007/s10693-009-0060-0
Additional Information:
ISSNs: 0920-8550 (print)
Related URLs:
Keywords: sme financing, relationship banking, bank market structure
Subjects: H Social Sciences > HG Finance
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions : University Structure - Pre August 2011 > School of Management
ePrint ID: 71398
Accepted Date and Publication Date:
December 2009Published
Date Deposited: 10 Feb 2010
Last Modified: 31 Mar 2016 13:02

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