The Effects of Past Entry, Market Consolidation, and Expansion by Incumbents on the Probability of Entry in Banking

The Effects of Past Entry, Market Consolidation, and Expansion by Incumbents on the Probability... We extend previous research on the determinants of entry into local banking markets. In addition to the variables that have been considered by past research, we consider the correlation of entry with past entry and strategic barriers to entry such as changes in incumbent branching, the presence of small incumbent firms, and market concentration. The analysis defines entry more broadly than has past research by including branch expansion by existing firms. We find significant negative relationships between entry and strategic barriers to entry. Sensitivity analyses find that large changes in the explanatory variables are needed to cause substantial changes in the probability of entry into markets. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

The Effects of Past Entry, Market Consolidation, and Expansion by Incumbents on the Probability of Entry in Banking

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Publisher
Springer US
Copyright
Copyright © 2015 by Springer Science+Business Media New York (outside the USA)
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-015-9483-y
Publisher site
See Article on Publisher Site

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