| Autor: |
Boschma, Ron, Hartog, Matté |
| Přispěvatelé: |
SGPL Economische Geografie, Economic Urban Transitions |
| Rok vydání: |
2013 |
| Předmět: |
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| Popis: |
This article investigates the extent to which merger and acquisition (M&A) activity contributed to the spatial clustering of the Dutch banking industry in Amsterdam. This analysis is based on a unique database of all banks in the Netherlands that existed in the period 1850-1993. We found that spatial clustering of the Dutch banking industry was not driven by the fact that banks performed better in the Amsterdam region: being located in Amsterdam decreased rather than increased the survival chances of banks. However, banks in Amsterdam were disproportionally active in acquiring other banks outside Amsterdam. Experience in M&As accumulated mainly in the Amsterdam region, which in turn had a positive impact on the survival chances of banks located there. Our findings suggest that M&A activity was a driving force behind the spatial clustering of the Dutch banking industry between 1850 and 1993. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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