Reinhold Bergström, Lars Engwall and Eva Wallerstedt
Abstract:
This study analyzes the foundations and closures of the total population of Swedish commercial banks in 1831-1990 using both semi-parametric and parametric event-history methods. With reference to the comparatively rigid control of entries and exits in banking, five hypotheses are formulated: (1) acquisitions constitute the principal reason for closure in banking; (2) the early years are less hazardous for banks than for members of other industries; (3) the survival patterns of banks are related to the freedom of banking operations; (4) the survival rates of banks are positively related to the general economic activity at the time of foundation; and (5) the survival rates of banks are negatively related to the degree to which customer relationships already exist. The findings support the first, second, third and fifth hypotheses; some evidence also favours the fourth hypothesis
48 pages, 1991
Full text files
resolve?urn=urn:nbn:se:uu:diva-2292
Questions (including download problems) about the papers in this series should be directed to Sune Karlsson ()
Report other problems with accessing this service to Sune Karlsson ().
This page generated on 2024-02-05 17:10:12.