| مشخصات مقاله | |
| ترجمه عنوان مقاله | ادغام و رشد بانکی: نقش قرار گرفتن در معرض صنعت قبلی بانک ها |
| عنوان انگلیسی مقاله | Banking integration and growth: Role of banks’ previous industry exposure |
| انتشار | مقاله سال ۲۰۲۲ |
| تعداد صفحات مقاله انگلیسی | ۲۰ صفحه |
| هزینه | دانلود مقاله انگلیسی رایگان میباشد. |
| پایگاه داده | نشریه الزویر |
| نوع نگارش مقاله |
مقاله پژوهشی (Research Article) |
| مقاله بیس | این مقاله بیس نمیباشد |
| نمایه (index) | Scopus – Master Journals List – JCR |
| نوع مقاله | ISI |
| فرمت مقاله انگلیسی | |
| ایمپکت فاکتور(IF) |
۵٫۱۷۹ در سال ۲۰۲۰ |
| شاخص H_index | ۷۷ در سال ۲۰۲۰ |
| شاخص SJR | ۵٫۴۴۵ در سال ۲۰۲۰ |
| شناسه ISSN | ۱۰۴۲-۹۵۷۳ |
| شاخص Quartile (چارک) | Q1 در سال ۲۰۲۰ |
| فرضیه | ندارد |
| مدل مفهومی | ندارد |
| پرسشنامه | ندارد |
| متغیر | دارد |
| رفرنس | دارد |
| رشته های مرتبط | مدیریت، اقتصاد |
| گرایش های مرتبط | بانکداری، اقتصاد پول و بانکداری |
| نوع ارائه مقاله |
ژورنال |
| مجله | مجله واسطه گری مالی – Journal of Financial Intermediation |
| دانشگاه | Department of Economics and Decision Sciences, HEC Paris, France |
| کلمات کلیدی | ادغام بانکی، ساختار صنعت، تخصص صنعتی، همگرایی اقتصادی |
| کلمات کلیدی انگلیسی | Banking integration – Industry structure – Industrial specialization – Economic convergence |
| شناسه دیجیتال – doi |
https://doi.org/10.1016/j.jfi.2021.100944 |
| کد محصول | E15810 |
| وضعیت ترجمه مقاله | ترجمه آماده این مقاله موجود نمیباشد. میتوانید از طریق دکمه پایین سفارش دهید. |
| دانلود رایگان مقاله | دانلود رایگان مقاله انگلیسی |
| سفارش ترجمه این مقاله | سفارش ترجمه این مقاله |
| فهرست مطالب مقاله: |
| Abstract Keywords JEL Introduction Related literature Identification, empirical specifications, and the data Findings Conclusion Credit author statement Appendix References |
| بخشی از متن مقاله: |
| Abstract Using U.S. interstate banking deregulations, we identify the effect of market-entering banks’ prior industry exposures on the manufacturing sector growth in the new state that they enter. We create banking integration and industry specialization measures that consider both direct (state-pair) as well as indirect (tertiary-state) links created by expanding multi-bank holding company networks. First, consistent with the economic mechanism we have in mind, we observe that banks’ home state’s industrial specialization is positively correlated with their lending specialization when participating to in-state as well as out-of-state syndicated loan markets. Then, focusing on industry value added at the state-industry-level, we find evidence consistent with the positive impact of market-entering banks’ prior exposure to a sector on the growth of that industry in the newly-entered state. The observed effect is larger when the state-pair-level discrepancy in sector-specialization is greater. Our findings are robust and hold in capital-related components of industry-level value added. We observe that the above results are more prominent in sectors that are more external finance dependent, have lower amounts of physical capital that can be pledged as collateral, generate more valuable patents, are durables-producers, and have a higher risk. Our findings suggest that a bank integration channel helps shape states’ industrial landscape. Introduction Over the past four decades states (countries) became more integrated financially, in many instances through out-of-state (foreign) bank entry. For example, banking deregulations in the U.S. have led to the emergence of financial conglomerates that operate with few geographic restrictions within the 50 states of the Union.1 A similar trend is also developing in the E.U. where member countries’ economies are increasingly connected through the banking sector. Such financial integration is shown to lead to the synchronization of states’ output fluctuations (Morgan et al., 2004; Goetz and Gozzi, 2020), reallocation of capital (see Fisman and Love, 2004, for international evidence; Acharya et al., 2011, for the U.S.; and Bekaert et al., 2013, for the E.U.), reallocation of labor (Bai et al., 2018), and changes in total factor productivity (Krishnan et al., 2015).2 |