作者：State University of New York (SUNY) System; Binghamton University, SUNY
作者：Grand Valley State University
摘要：This article studies the effects of branch banking restrictions on American firm investment and growth. Authors have suggested that the lack of widespread branching bank networks hindered the development of large-scale industrial firms. This article presents a model that implies that restrictions on branch banking cause the severity of external finance constraints to increase with firm size. This hypothesis is tested using a panel data set of over 250 firms for 1911-1922. Investment and growth...
作者：University of Wisconsin System; University of Wisconsin Madison
作者：University of California System; University of California San Diego
作者：The World Bank; BP; Instituto Tecnologico Autonomo de Mexico
摘要：We test for the presence of market discipline in the banking sector in early-twentieth-century Mexico. Using financial data from note-issuing banks between 1900 and 1910, we examine whether bank fundamentals influenced the patterns of withdrawals and of note issue. We show that fundamentals were a strong determinant of bank withdrawals and note issue, indicating that market discipline was an important feature of the banking system in this period. This result crucially depends on correcting for...
