000161068 001__ 161068
000161068 005__ 20251017144615.0
000161068 0247_ $$2doi$$a10.1111/ecca.12579
000161068 0248_ $$2sideral$$a144140
000161068 037__ $$aART-2025-144140
000161068 041__ $$aeng
000161068 100__ $$aMartín-Oliver, Alfredo
000161068 245__ $$aWho closes first? The interaction of market structure and fall in demand in bank branch closures
000161068 260__ $$c2025
000161068 5060_ $$aAccess copy available to the general public$$fUnrestricted
000161068 5203_ $$aWe study the capacity reduction process in an industry with geographically complex market structure, using the case study of the closing of bank branches in Spain in the years following the burst of the credit bubble (2008–14). We geolocate each bank branch and identify as its competitors those branches that lie within 150 metres of it. We find that branches with competitors are less likely to close than branches without, indicative of strategic behaviour. Clustering the circle markets centred within the same census tract using fixed effects, we estimate a negative effect of the number of competitors at the start on both the exit rate in a local market and the probability of closing of an individual branch. This sign is the opposite of both what has been found in the related literature, and what we estimate without the census tract fixed effects. We argue that this negative relationship is rationalizable by a standard free entry model in the presence of fixed costs. We also find that branch closings are faster when the parent bank has other branches in the same local market, which is further evidence for strategic behaviour.
000161068 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000161068 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000161068 700__ $$aSákovics, József
000161068 700__ $$0(orcid)0000-0001-8405-1056$$aSalas-Fumás, Vicente$$uUniversidad de Zaragoza
000161068 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas
000161068 773__ $$g(2025), 701-728$$pEconomica$$tECONOMICA$$x0013-0427
000161068 8564_ $$s1161745$$uhttps://zaguan.unizar.es/record/161068/files/texto_completo.pdf$$yPostprint
000161068 8564_ $$s1681157$$uhttps://zaguan.unizar.es/record/161068/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000161068 909CO $$ooai:zaguan.unizar.es:161068$$particulos$$pdriver
000161068 951__ $$a2025-10-17-14:18:58
000161068 980__ $$aARTICLE