To build or to buy? The role of local information in credit market development
Exploiting the heterogeneity in legal constraints on local bank employees' mobility, I show that access to local information influences banks' modes of expansion. As restrictions on interbank labor mobility are relaxed, banks entering a new market establish branches directly instead of acq...
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| Format: | Article |
| Language: | English |
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INFORMS Inst.for Operations Res.and the Management Sciences
2019
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| Online Access: | View Fulltext in Publisher |