@article{4406,
  abstract     = {{Using aggregate balance sheet data from banks across the EU-25 over the period from 1997 to 2005 we provide empirical evidence that national banking market concentration has a negative impact on European banks’ financial soundness as measured by the Z-score technique while controlling for macroeconomic, bank-specific, regulatory, and institutional factors. Furthermore, our analysis reveals that Eastern European banking markets exhibiting a lower level of competitive pressure, fewer diversification opportunities and a higher fraction of government-owned banks are more prone to financial fragility whereas capital regulations have supported financial stability across the entire European Union.}},
  author       = {{Uhde, André and Heimeshoff, Ulrich}},
  journal      = {{Journal of Banking & Finance}},
  keywords     = {{Market structure, Financial stability, Banking regulation}},
  number       = {{7}},
  pages        = {{1299--1311}},
  title        = {{{Consolidation in banking and financial stability in Europe: Empirical evidence}}},
  doi          = {{https://doi.org/10.1016/j.jbankfin.2009.01.006}},
  volume       = {{33}},
  year         = {{2009}},
}