Are Mergers Responsible for the Surge in New Bank Charters
重新审视了并购与新银行设立之间的关系，基于1990年代后半期的数据发现，并购活动越多的市场，新银行设立率越高，尤其是小银行被大银行或本地银行被外地银行收购的并购与新银行设立关联最强。
This article reexamines the relationship between mergers and new bank charters, distinguishing more carefully than the other two studies between different types of mergers. The results, based on data for the second half of the 1990s, provide strong support for the view that mergers encourage the formation of new banks. Specifically, the article finds that markets with more merger activity experienced higher rates of new bank formation, and that the mergers with the strongest link to new bank formation were those in which small banks were taken over by large banks or local banks by distant banks.