Merger andAcquisition Activity as Driver of Spatial Clustering

The Spatial Evolution of theDutch Banking Industry, 1850-1993

Bibliographic Data

ID4040663
AuthorsRon Boschma (0000-0001-5592-1876, Center for Innovation, Research and Competence in the Learning Economy (CIRCLE) Lund University Lund Sweden), Matté Hartog (0000-0003-1948-7392, Urban and Regional Research Centre Utrecht (URU) Utrecht University Utrecht The Netherlands)
Year2014
Volume90
Issue3
Pages247-266
Publication date2014-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomic Geography (JOURNAL)
Journal identifiersISSN: 0013-0095 • E-ISSN: 1944-8287
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ecge.12054
OpenAlexW2134480413
LanguageEN
Citations received14
References cited55

This article investigates the extent to which merger and acquisition (M&A) activity contributed to the spatial clustering of theDutch banking industry inAmsterdam. This analysis is based on a unique database of all banks in theNetherlands that existed in the period 1850-1993. We found that spatial clustering of theDutch banking industry was not driven by the fact that banks performed better in theAmsterdam region: being located inAmsterdam decreased rather than increased the survival chances of banks. However, banks inAmsterdam were disproportionally active in acquiring other banks outsideAmsterdam. Experience inM&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 thatM&Aactivity was a driving force behind the spatial clustering of theDutch banking industry between 1850 and 1993

Banking industry · Biology · Business · Cluster analysis · Economic geography · Economics · Financial system · Spatial ecology · Computer Science · Ecology · Housing Market and Economics · Regional Economics and Spatial Analysis · Spatial and Panel Data Analysis

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