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Autor
Świetlik Jakub
Tytuł
Fuzje i przejęcia w sektorze bankowym w Europie (UE-25) jako czynnik wpływający na finansowanie przedsiębiorstw w ujęciu makro
Mergers and acquisitions in the banking sector in Europe (EU-25) as a factor contributing to the financing of enterprises in terms of macro
Źródło
Zeszyty Naukowe / Szkoła Główna Handlowa. Kolegium Gospodarki Światowej, 2012, nr 33, s. 92-115, tab,m wyk., bibliogr. 27 poz.
Słowa kluczowe
Fuzje i przejęcia, Sektor bankowy, Instytucje kredytowe, Kryzys finansowy, Finanse przedsiębiorstwa
Mergers and acquisitions, Banking sector, Credit institution, Financial crisis, Enterprise finance
Uwagi
streszcz., summ.
Kraj/Region
Europa
Europe
Abstrakt
Wielkość instytucji kredytowych oraz stopień koncentracji rynku bankowego co najmniej od Wielkiego Kryzysu z 1929 r. stanowią ważny punkt zainteresowania polityków, badaczy, ideologów i opinii publicznej krajów rozwiniętych. W ostatnich latach zagadnienie to ponownie wysunęło się na pierwszy plan jako jedna z najważniejszych przyczyn wybuchu i rozprzestrzenienia się kryzysu finansowego i gospodarczego w latach 2008-2010. Okazuje się, że postępująca koncentracja sektora bankowego i rozrost instytucji kredytowych - będąc procesem długotrwałym - wywołuje skutki nagłe i nieprzewidziane, nie tylko w obszarze samego rynku finansowego, lecz także w realnej gospodarce. (original abstract)

The aim of the study is answering the question if the number and the value of mergers and acquisitions in the European banking sector (EU-25), particularly in the context of their dynamics during the last economic crisis, is connected with the enterprises' access to finance. The research relates the long-term structural changes of the European banking sector, changes in the value and the number of M&A in this sector, and macroeconomic variables to the value of the credit for non-financial corporations. While the identified relations do not allow recognizing important relationships between the processes of consolidation and the value of credit for the timespan 2002-2008, the value of the M&A transactions became most significant among the considered factors, influencing corporate bank lending, from 2008 onwards. The paper consists of five parts: - the first part defines the role of the banking sector in the economic growth and describes ts long-term structural changes, - the second part comprises the description of the changes in the area of M&A in relation to the crisis of 2008-2010, - the third part contains a literature review concerning the links between banking sector consolidation and corporate financing, - the fourth part comprises the introductory investigation of the relationships among particular macroeconomic variables in this area, - the fifth part consists of the recommendations for the further investigation. (original abstract)
Dostępne w
Biblioteka Szkoły Głównej Handlowej
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Bibliografia
Pokaż
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  4. Berger A.N., Rosen R.J., Udell G.F. (2001), The effects of banking market size structure on bank competition: The case of small business lending. The Financial Safety Net: Costs Benefits, and Implications for Regulation. Proceedings, The 37th Annual Conference on Bank Structure and Competition, 277-293, Chicago: Federal Reserve Bank of Chicago.
  5. Berger A.N., Rosen R.J., Udell G.F. (2007), Does market size structure affect competition? The case of small business lending, "Journal of Banking & Finance", Vol. 31, No. 1.
  6. Berger A., Saunders A., Scalise J., Udell G.F. (1998), The effects of bank mergers and acquisitions on small business lending, "Journal of Financial Economics" No. 50.
  7. Berger A.N., Udell G.F. (1996), Universal banking and the future of small business lending. [w:] Saunders A., Walter I. (red.), Universal Banking: Financial System Design Reconsidered. Irwin, Chicago, IL.
  8. Bonaccorsi di Patti E., Gobbi G. (2003), The effects of bank mergers on credit availability: Evidence from corporate data. Banca d'Italia Temi di discussion.
  9. Bonaccorsi di Patti E., Gobbi G. (2007), Winners or losers? The effects of banking consolidation on corporate borrowers, "Journal of Finance", No. 62.
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  20. McGahan A.M., Argyres N., Baum J.A.C. (2004), Context, Technology and Strategy: Forging New Perspectives on the Industry Life Cycle, [w:] McGahan N., Baum J.A.C., Business Strategy over the Industry Life Cycle, "Advances in Strategic Management", Vol. 21.
  21. OECD: Measuring Entrepreneurship: A Digest of Indicators, 2009 edition.
  22. Peek J., Rosengren E.S. (1996), Small business credit availability: How important is the size of the lender? In A. Saunders i I. Walter (Eds.), Financial system design: The case for universal banking, 628-655, Burr Ridge, IL: Irwin Publishing.
  23. Peek J., Rosengren E.S. (1998), Bank consolidation and small business lending: It's not just bank size that matters, "Journal of Banking & Finance", No. 22.
  24. Schmieder C., Marsch K., Forster-van Aerssen K. (2009), Does banking consolidation worsen firms' access to credit? Evidence from the German economy, "Small Business Economics", Vol. 35, No. 4.
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Cytowane przez
Pokaż
ISSN
1428-1457
Język
pol
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