Merger and Acquisition Activity as Driver of Spatial Clustering: The Spatial Evolution of the Dutch Banking Industry, 1850-1993
(2014) In Economic Geography 90(3). p.247-266- Abstract
- This article investigates the extent to which merger and acquisition (M&A) activity contributed to the spatial clustering of the Dutch banking industry in Amsterdam. This analysis is based on a unique database of all banks in the Netherlands that existed in the period 1850-1993. We found that spatial clustering of the Dutch banking industry was not driven by the fact that banks performed better in the Amsterdam region: being located in Amsterdam decreased rather than increased the survival chances of banks. However, banks in Amsterdam were disproportionally active in acquiring other banks outside Amsterdam. Experience in M&As accumulated mainly in the Amsterdam region, which in turn had a positive impact on the survival chances of... (More)
- This article investigates the extent to which merger and acquisition (M&A) activity contributed to the spatial clustering of the Dutch banking industry in Amsterdam. This analysis is based on a unique database of all banks in the Netherlands that existed in the period 1850-1993. We found that spatial clustering of the Dutch banking industry was not driven by the fact that banks performed better in the Amsterdam region: being located in Amsterdam decreased rather than increased the survival chances of banks. However, banks in Amsterdam were disproportionally active in acquiring other banks outside Amsterdam. Experience in M&As accumulated mainly in the Amsterdam region, which in turn had a positive impact on the survival chances of banks located there. Our findings suggest that M& A activity was a driving force behind the spatial clustering of the Dutch banking industry between 1850 and 1993. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/4655953
- author
- Boschma, Ron LU and Hartog, Matte
- organization
- publishing date
- 2014
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- industrial dynamics, cluster, mergers and acquisitions, banking sector, evolutionary economic geography
- in
- Economic Geography
- volume
- 90
- issue
- 3
- pages
- 247 - 266
- publisher
- Economic Geography
- external identifiers
-
- wos:000340600500001
- scopus:84904336364
- ISSN
- 0013-0095
- DOI
- 10.1111/ecge.12054
- language
- English
- LU publication?
- yes
- id
- ef8ba156-fe9d-4f27-8653-4371418331ba (old id 4655953)
- date added to LUP
- 2016-04-01 10:06:58
- date last changed
- 2024-01-06 08:07:25
@article{ef8ba156-fe9d-4f27-8653-4371418331ba,
abstract = {{This article investigates the extent to which merger and acquisition (M&A) activity contributed to the spatial clustering of the Dutch banking industry in Amsterdam. This analysis is based on a unique database of all banks in the Netherlands that existed in the period 1850-1993. We found that spatial clustering of the Dutch banking industry was not driven by the fact that banks performed better in the Amsterdam region: being located in Amsterdam decreased rather than increased the survival chances of banks. However, banks in Amsterdam were disproportionally active in acquiring other banks outside Amsterdam. Experience in M&As accumulated mainly in the Amsterdam region, which in turn had a positive impact on the survival chances of banks located there. Our findings suggest that M& A activity was a driving force behind the spatial clustering of the Dutch banking industry between 1850 and 1993.}},
author = {{Boschma, Ron and Hartog, Matte}},
issn = {{0013-0095}},
keywords = {{industrial dynamics; cluster; mergers and acquisitions; banking sector; evolutionary economic geography}},
language = {{eng}},
number = {{3}},
pages = {{247--266}},
publisher = {{Economic Geography}},
series = {{Economic Geography}},
title = {{Merger and Acquisition Activity as Driver of Spatial Clustering: The Spatial Evolution of the Dutch Banking Industry, 1850-1993}},
url = {{http://dx.doi.org/10.1111/ecge.12054}},
doi = {{10.1111/ecge.12054}},
volume = {{90}},
year = {{2014}},
}