@article{fdi:010070258,
  title = {{F}inancial inclusion, bank concentration, and firm performance},
  author = {{C}hauvet, {L}isa and {J}acolin, {L}.},
  editor = {},
  language = {{ENG}},
  abstract = {{T}his study focuses on the impact of financial inclusion and bank concentration on the performance of firms in developing and emerging countries. {U}sing firm-level data for a sample of 55,596 firms in 79 countries, we find that financial inclusion, i.e., the distribution of financial services across firms, has a positive impact on firm growth. {T}his positive impact is magnified when bank markets are less concentrated, a proxy for more competition among banks. {W}e also find that more competitive banks favor firm growth only at high levels of financial inclusion, while bank concentration is particularly favorable to foreign and state-owned firms and increases firm growth at low levels of financial inclusion. {I}n countries with limited financial deepening, the quality of the banking system (financial inclusion and bank competition) may be as important in promoting firm performance as its overall size.},
  keywords = {financial inclusion ; bank concentration ; firm performance},
  booktitle = {},
  journal = {{W}orld {D}evelopment},
  volume = {97},
  numero = {},
  pages = {1--13},
  ISSN = {0305-750{X}},
  year = {2017},
  DOI = {10.1016/j.worlddev.2017.03.018},
  URL = {https://www.documentation.ird.fr/hor/fdi:010070258},
}