Relationship lending: a survey of the literature
Tài liệu tham khảo
Akhavein, J., Goldberg, L. G., & White, L. J. (2004). Small banks, small business, and relationships: An empirical study of lending to small farms. Mimeo.
Avery, R., & Samolyk, K. (2000). Bank consolidation and the provision of banking services: The case of small commercial loans. Federal Deposit Insurance Corporation Working Paper.
Berger, A. N., Bonime, S., Goldberg, L. G., & White, L. J. (2004). The dynamics of market entry: The effects of mergers and acquisitions on entry in the banking industry. Journal of Business, in press.
Berger, A. N., Frame, W. S., & Miller, N. H. (2002). Credit scoring and the availability, price, and risk of small business credit. Working Paper.
Berger, 2001, The effects of dynamic changes in bank competition on the supply of small business credit, European Finance Review, 5, 115, 10.1023/A:1012776427175
Berger, 1995, The transformation of the U.S. banking industry: What a long strange trip it’s been, Brookings Papers on Economic Activity, 2, 55, 10.2307/2534612
Berger, A. N., Miller, N. H., Petersen, M. A., Rajan, R. G., & Stein, J. C. (2002). Does function follow organizational form? Evidence from the lending practices of large and small banks. NBER Working Paper No. W8752.
Berger, 1998, The effects of bank mergers and acquisitions on small business lending, Journal of Financial Economics, 50, 187, 10.1016/S0304-405X(98)00036-1
Berger, 1995, Relationship lending and lines of credit in small firm finance, Journal of Business, 68, 351, 10.1086/296668
Berger, A. N., & Udell, G. F. (1996). Universal banking and the future of small business lending. In A. Saunders & I. Walter (Eds.), Financial system design: The case for universal banking (pp. 559–627). Burr Ridge, IL: Irwin Publishing.
Berger, 1998, The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle, Journal of Banking and Finance, 22, 613, 10.1016/S0378-4266(98)00038-7
Berger, & Udell, G. F. (2002). Small business credit availability and relationship lending: The importance of bank organisational structure. The Economic Journal, 112, F32–F53.
Blackwell, 1997, Banking relationships and the effect of monitoring on loan pricing, Journal of Financial Research, 20, 275, 10.1111/j.1475-6803.1997.tb00249.x
Boot, 2000, Relationship banking: What do we know?, Journal of Financial Intermediation, 9, 7, 10.1006/jfin.2000.0282
Boot, 1994, Moral hazard and secured lending in an infinitely repeated credit market game, International Economic Review, 35, 899, 10.2307/2527003
Boyd, 1986, Financial intermediary coalitions, Journal of Economic Theory, 38, 211, 10.1016/0022-0531(86)90115-8
Brevoort, K. P., & Hannan, T. H. (2003). Small business lending and distance: Evidence from CRA data. Mimeo.
Carey, 1998, Does corporate lending by banks and finance companies differ? Evidence on specialization in private debt contracting, Journal of Finance, 53, 845, 10.1111/0022-1082.00037
Carter, D. A., McNulty, J. & Verbrugge, J. (in press). Deregulation, technological change, and the business lending performance of large and small banks. Journal of Banking and Finance.
Cole, 1998, The importance of relationships to the availability of credit, Journal of Banking and Finance, 22, 959, 10.1016/S0378-4266(98)00007-7
Cole, R. A., Goldberg, L. G., & White, L. J. (2004). Cookie-cutter versus character: The micro structure of small business lending by large and small banks. Journal of Financial and Quantitative Analysis, in press.
Cyrnak, A. & Hannan, T. (2000). Non-local lending to small businesses. Board of Governors of the Federal Reserve System Working Paper.
Degryse, H., & Ongena, S. (2003). Distance, lending relationships, and competition. Discussion Paper 02-16. Center for Economic Studies, KU Leuven.
Degryse, 2000, Relationship lending within a bank-based system: Evidence from European small business data, Journal of Financial Intermediation, 9, 90, 10.1006/jfin.1999.0278
Denis, 2003, The choice among bank debt, non-bank private debt and public debt: Evidence from new corporate borrowings, Journal of Financial Economics, 70, 3, 10.1016/S0304-405X(03)00140-5
Detragiache, E., Garella, P. G., & Guiso, L. (1997). Multiple versus single banking relationships. Working Paper, Banca D’Italia, Rome.
DeYoung, 1999, Youth, adolescence, and maturity of banks: Credit availability to small business in an era of banking consolidation, Journal of Banking and Finance, 23, 463, 10.1016/S0378-4266(98)00086-7
DeYoung, R, Hunter, W. C., & Udell, G. F. (2004). The past, present, and probable future for community banks. Journal of Financial Services Research, 25 (2/3), in press.
Diamond, 1984, Financial intermediation and delegated monitoring, Review of Economic Studies, 51, 393, 10.2307/2297430
Diamond, 1991, Monitoring and reputation: The choice between bank loans and directly placed debt, Journal of Political Economy, 99, 688, 10.1086/261775
Fama, 1985, What’s different about banks?, Journal of Monetary Economics, 15, 29, 10.1016/0304-3932(85)90051-0
Goldberg, 1998, De novo banks and lending to small business: An empirical analysis, Journal of Banking and Finance, 22, 851, 10.1016/S0378-4266(98)00011-9
Greenbaum, 1989, Equilibrium loan pricing under the bank–client relationship, Journal of Banking and Finance, 13, 221, 10.1016/0378-4266(89)90061-7
James, 1987, Some evidence on the uniqueness of bank loans, Journal of Financial Economics, 19, 217, 10.1016/0304-405X(87)90003-1
Keeton, W. R. (1995). Multi-office bank lending to small business: Some new evidence. Economic review (pp. 45–57). Federal Reserve Bank of Kansas City, 80, second quarter.
Leland, 1977, Information asymmetries, financial structure, and financial intermediaries, Journal of Finance, 32, 371, 10.2307/2326770
Levonian, M. E., & Soller, J. (1995). Small banks, small loans, small business. Working Paper, Federal Reserve Bank of San Francisco.
Lummer, 1989, Further evidence on the bank lending process and the capital market response to bank loan agreements, Journal of Financial Economics, 25, 99, 10.1016/0304-405X(89)90098-6
Nakamura, L. I. (1993). Commercial bank information: Implications for the structure of banking. In M. D. Klausner & L. J. White (Eds.), Structural change in banking. Homewood, IL: Business One Irwin.
Peek, J., & Rosengren, E. S. (1996). Small business credit availability: How important is size of lender? In A. Saunders & I. Walter (Eds.), Universal banking: Financial system design reconsidered (pp. 628–655). Chicago, IL: Irwin.
Petersen, 1994, The benefits of lending relationships: Evidence from small business data, Journal of Finance, 49, 1367, 10.2307/2329133
Petersen, 1995, The effect of credit card competition on lending relationships, Quarterly Journal of Economics, 110, 406, 10.2307/2118445
Petersen, 2002, Does distance still matter? The information revolution in small business lending, Journal of Finance, 57, 2533, 10.1111/1540-6261.00505
Rajan, 1992, Insiders and outsiders: The choice between informed and arms length debt, Journal of Finance, 47, 1367, 10.2307/2328944
Ramakrishnan, 1984, Information reliability and a theory of financial intermediation, Review of Economic Studies, 45, 415, 10.2307/2297431
Sharpe, 1990, Asymmetroc information, bank lending and implicit contracts: A stylied model of customer relationships, Journal of Finance, 45, 1069, 10.2307/2328715
Stein, 2002, Information production and capital allocation: Decentralized versus hierarchical firms, Journal of Finance, 57, 1891, 10.1111/0022-1082.00483
Stiglitz, 1981, Credit rationing in markets with imperfect information, American Economic Review, 71, 393
Strahan, P. E., & Weston, J. (1996). Small business lending and bank consolidation: Is there cause for concern? Federal Reserve Bank of New York Current Issues in Economics and Finance, March, 1–6.
Strahan, 1998, Small business lending and the changing structure of the banking industry, Journal of Banking and Finance, 22, 821, 10.1016/S0378-4266(98)00010-7
Thakor, 1996, Capital requirements, monetary policy and aggregate bank lending, Journal of Finance, 51, 279, 10.2307/2329310
Williamson, 1967, Hierarchical control and optimum firm size, Journal of Political Economy, 75, 123, 10.1086/259258
Wilson, P. F. (1993). The pricing of loans in a bank-borrower relationship. Working Paper, Indiana University.
Wolken, J., & Rohde, D. (2002). Changes in the location of small businesses’ financial suppliers between 1993 and 1998. Federal Reserve Board Memo.