000089556 001__ 89556 000089556 005__ 20220405150419.0 000089556 0247_ $$2doi$$a10.1007/s13209-020-00214-4 000089556 0248_ $$2sideral$$a117391 000089556 037__ $$aART-2020-117391 000089556 041__ $$aeng 000089556 100__ $$aLlorens, Vanesa 000089556 245__ $$aProductivity, competition and bank restructuring process 000089556 260__ $$c2020 000089556 5060_ $$aAccess copy available to the general public$$fUnrestricted 000089556 5203_ $$aThis paper analyzes how differences in productivity across banks and the evolution of industry productivity over time might determine the intermediation costs and the restructuring process of the banking industry in the Great Recession. With data of Spanish banks, we find that less productive banks are more likely to exit than more productive banks, and that surviving banks acquire target banks in order to expand their branch network in local markets where they are underrepresented. Competition among banks contributes to the translation of industry productivity growth into lower interest rates of loans. Nonetheless, we find that the industry profit margin in loans increases during the period because of the modest industry productivity growth and the lower intensity of competition from branch closing. 000089556 540__ $$9info:eu-repo/semantics/openAccess$$aby$$uhttp://creativecommons.org/licenses/by/3.0/es/ 000089556 590__ $$a1.088$$b2020 000089556 591__ $$aECONOMICS$$b291 / 376 = 0.774$$c2020$$dQ4$$eT3 000089556 592__ $$a0.573$$b2020 000089556 593__ $$aEconomics, Econometrics and Finance (miscellaneous)$$c2020$$dQ1 000089556 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion 000089556 700__ $$aMartín-Oliver, Alfredo 000089556 700__ $$0(orcid)0000-0001-8405-1056$$aSalas-Fumas, Vicente$$uUniversidad de Zaragoza 000089556 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas 000089556 773__ $$g11 (2020), 313–340$$pSeries (Berlin)$$tSERIES-JOURNAL OF THE SPANISH ECONOMIC ASSOCIATION$$x1869-4187 000089556 8564_ $$s779613$$uhttps://zaguan.unizar.es/record/89556/files/texto_completo.pdf$$yVersión publicada 000089556 8564_ $$s22835$$uhttps://zaguan.unizar.es/record/89556/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada 000089556 909CO $$ooai:zaguan.unizar.es:89556$$particulos$$pdriver 000089556 951__ $$a2022-04-05-14:38:41 000089556 980__ $$aARTICLE