89556 20220405150419.0 doi 10.1007/s13209-020-00214-4 sideral 117391 ART-2020-117391 eng Llorens, Vanesa Productivity, competition and bank restructuring process 2020 Access copy available to the general public Unrestricted This 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. info:eu-repo/semantics/openAccess by http://creativecommons.org/licenses/by/3.0/es/ 1.088 2020 ECONOMICS 291 / 376 = 0.774 2020 Q4 T3 0.573 2020 Economics, Econometrics and Finance (miscellaneous) 2020 Q1 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Martín-Oliver, Alfredo Salas-Fumas, Vicente Universidad de Zaragoza (orcid)0000-0001-8405-1056 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 11 (2020), 313–340 Series (Berlin) SERIES-JOURNAL OF THE SPANISH ECONOMIC ASSOCIATION 1869-4187 779613 http://zaguan.unizar.es/record/89556/files/texto_completo.pdf Versión publicada 22835 http://zaguan.unizar.es/record/89556/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:89556 articulos driver 2022-04-05-14:38:41 ARTICLE