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The effects of competition from large, multimarket firms on the performance of small, single-market firms : evidence from the banking industry

Berger, Allen N. (contributor) - 2005

"We offer and test two competing hypotheses for the consolidation trend in banking using U.S. banking industry data over the period 1982-2000. Under the efficiency hypothesis, technological progress improved the performance of large, multimarket firms relative to small, single-market firms,...