The ability of banks to lend to informationally opaque small businesses
Tóm tắt
Từ khóa
Tài liệu tham khảo
Angelini, 1998, Availability and cost for small businesses: Customer relationships and credit cooperatives, Journal of Banking and Finance, 22, 929, 10.1016/S0378-4266(98)00008-9
Avery, R.B., Samolyk, K.A., 2000. Bank consolidation and the provision of banking services: The case of small commercial loans. Working paper. Federal Deposit Insurance Corporation, Washington, DC
Berger, A.N., DeYoung, R., 2001. The effects of geographic expansion on bank efficiency. Journal of Financial Services Research 19, 163–184
Berger, A.N., Udell, G.F., 1994. Did risk-based capital allocate bank credit and cause a `credit crunch' in the United States? Journal of Money, Credit, and Banking 26 (August), 585–628
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: Saunders, A., Walter, I. (Eds.), Financial System Design: The Case for Universal Banking. Irwin Publishing, Burr Ridge, IL, pp. 559–627
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, 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, 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, A.N., Bonime, S.D., Goldberg, L.G., White, L.J., 2000a. The dynamics of market entry: The effects of mergers and acquisitions on entry in the banking industry. Federal Reserve Board. Working paper
Berger, 2000, Globalization of financial institutions: Evidence from cross-border banking performance, Brookings–Wharton Papers on Financial Services, 3, 23, 10.1353/pfs.2000.0001
Berger, A.N., Goldberg, L.G., White, L.J., 2001a. The effects of dynamic changes in bank competition on the supply of small business credit. European Finance Review
Berger, A.N., Kyle, M.K., Scalise, J.M., 2001b. Did U.S. bank supervisors get tougher during the credit crunch? Did they get easier during the banking boom? Did it matter to bank lending? In: Mishkin, F.S. (Ed.), Prudential Supervision: What Works and What Doesn't, National Bureau of Economic Research, University of Chicago Press, Chicago, IL, pp. 301–349
Berger, A.N., Rosen, R.J., Udell, G.F., 2001c. The effect of banking market size structure on bank competition: The case of small business lending. Working paper, Federal Reserve Board, Washington, DC
Berlin, 1998, On the profitability and cost of relationship lending, Journal of Banking and Finance, 22, 873, 10.1016/S0378-4266(98)00033-8
Bhattacharya, 1995, Proprietary information, financial intermediation, and research incentives, Journal of Financial Intermediation, 4, 328, 10.1006/jfin.1995.1014
Black, S.E., Strahan, P.E., 2000. Entrepreneurship and bank credit availability. Working paper. Federal Reserve Bank of New York
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
Bonaccorsi di Patti, E., Dell'Ariccia, G., 2001. Bank competition and firm creation. Working paper 01/21. International Monetary Fund, Washington, DC
Bonaccorsi di Patti, E., Gobbi, G., 2000. The effects of bank consolidation on small business lending: Evidence from market and firm data. Working paper. Bank of Italy, Rome
Calomiris, C., Powell, A., 2000. Can emerging market bank regulators establish credible discipline? The case of Argentina, 1992–1999. Working paper
Caprio, G. Jr., Klingebiel, D., 1996. Bank insolvencies: Cross-country experience, World Bank Policy Research. Working paper 1620. World Bank, Washington, DC
Carey, M., Prowse, S., Rea, J., Udell, G., 1993. The Economics of the Private Placement Market, Financial Markets, Institutions and Instruments 2
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
Chiou, I., 1999. Daiwa Bank's reputational crisis: Valuation effects on bank-firm relationships. Working paper. New York University
Claessens, S., Demirgüc-Kunt, A., Huizinga, H., 2001. How does foreign entry affect the domestic banking market? Journal of Banking and Finance 25, 891–911
Claessens, S., Djankov, S., Ferri, G., 1999. Corporate distress in East Asia: The effect of currency and interest rate shocks. Working paper. World Bank, Washington, DC
Clarke, G., Cull, R., 1998. The political economy of privatization: The case of Argentina's public provincial banks. World Bank Policy Research. Working paper # 1962. World Bank, Washington, DC
Clarke, G., Cull, R., D'Amato, L., Molinari, A., 1999. On the kindness of strangers? The impact of foreign entry on domestic banks in Argentina. Working paper. World Bank, Washington, DC
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., 1999. Cookie-cutter versus character: The micro structure of small business lending by large and small banks. In: Blanton, J.L., Williams, A., Rhine, S.L.W. (Eds.), Business Access to Capital and Credit. A Federal Reserve System Research Conference, pp. 362–389
Cole, R.A., Walraven, N., 1998. Banking consolidation and the availability of credit to small business. Federal Reserve Board. Working paper
Cull, R., 1998. Structural change: Internationalization, consolidation, and privatization in Argentina's banking sector, 12/94-9/97. World Bank. Working paper
Cyrnak, A., Hannan, T.H., 2000. Non-local lending to small businesses. Federal Reserve Board. Working paper
Dell'Ariccia, G., Marquez, R., 2001. Flight to quality or to captivity? Information and credit allocation. Working paper 01/20. International Monetary Fund, Washington, DC
DeYoung, 1996, Foreign-owned banks in the U.S.: Earning market share or buying it, Journal of Money, Credit, and Banking, 28, 622, 10.2307/2078074
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
Demirgüc-Kunt, A., Detragiache, E., Gupta, P., 2000. Inside the crisis: An empirical analysis of banking systems in distress. Working paper. World Bank
Detragiache, 2000, Multiple versus single banking relationships: Theory and evidence, Journal of Finance, 55, 1133, 10.1111/0022-1082.00243
Diamond, 1984, Financial intermediation and delegated monitoring, Review of Economic Studies, 51, 393, 10.2307/2297430
Djankov, S., Jindra, J., Klapper, L., 2000. Corporate valuation and the resolution of bank insolvency in East Asia. Working paper. World Bank, Washington, DC
Elsas, R., Krahnen, J.P., 1998. Is relationship lending special? Evidence from credit-file data in Germany, Journal of Banking and Finance 22, 1283–1316
Farinha, L.A., Santos, J.A.C., 2000. Switching from single to multiple banking relationships: Determinants and implications, Bank for International Settlements. Working paper
Ferri, 2000, Bank-firm relationships and allocative efficiency in northeastern and central Italy and in the South, Journal of Banking and Finance, 24, 1067, 10.1016/S0378-4266(99)00118-1
Goldberg, L., Dages, B.G., Kinney, D., 2000. Foreign and domestic bank participation in emerging markets: Lessons from Mexico and Argentina. Working paper. Federal Reserve Bank of New York
Grosse, 1991, Foreign bank activity in the United States: An analysis by country of origin, Journal of Banking and Finance, 15, 1093, 10.1016/0378-4266(91)90052-N
Grinblatt, 2001, How distance, language, and culture influence stockholdings and trades, Journal of Finance, 56, 1053, 10.1111/0022-1082.00355
Hancock, 1995, Bank balance sheet shocks and aggregate shocks: Their dynamic effects on bank capital and lending, Journal of Banking and Finance, 19, 661, 10.1016/0378-4266(94)00147-U
Hancock, 1998, The `credit crunch' and the availability of credit to small business, Journal of Banking and Finance, 22, 983, 10.1016/S0378-4266(98)00040-5
Harhoff, 1998, Lending relationships in Germany: Empirical results from survey data, Journal of Banking and Finance, 22, 1317, 10.1016/S0378-4266(98)00061-2
Hauswald, R., Marquez, R., 2000. Relationship banking, loan specialization and competition. Working paper. Indiana University, Bloomington, IN
Haynes, G.W., Ou, C., Berney, R., 1999. Small business borrowing from large and small banks. In: Blanton, J.L., Williams, A., Rhine, S.L.W. (Eds.), Business Access to Capital and Credit. A Federal Reserve System Research Conference, pp. 287–327
Jayaratne, 1999, How important are small banks to small business lending. New evidence from a survey to small businesses, Journal of Banking and Finance, 23, 427, 10.1016/S0378-4266(98)00085-5
Kang, J.-K., Stulz, R., 2000. Do banking shocks affect borrowing firm performance? An analysis of the Japanese experience. Journal of Business 73 (1), 1–23
Keeton, 1995, Multi-office bank lending to small businesses: Some new evidence, Federal Reserve Bank of Kansas City Economic Review, 80, 45
Keeton, 1996, Do bank mergers reduce lending to businesses and farmers? New evidence from tenth district states, Federal Reserve Bank of Kansas City Economic Review, 81, 63
Levine, R., 1996. Foreign banks, financial development, and economic growth. In: Barfield, C.E. (Ed.), International Financial Markets: Harmonization Versus Competition. The AEI Press, Washington, DC
Longhofer, 2000, The importance of bank seniority for relationship lending, Journal of Financial Intermediation, 9, 57, 10.1006/jfin.1999.0272
Machauer, A., Weber, M., 2000. Number of bank relationships: An indicator of competition, borrower, quality or just size? Working paper. University of Mannheim
Martinez Peria, M.S., Schmukler, S.S., 2001. Do depositors punish banks for bad behavior? Market discipline, deposit insurance and banking crises. Journal of Finance 56
Ongena, 2000, What determines the number of bank relationships, Journal of Financial Intermediation, 9, 26, 10.1006/jfin.1999.0273
Ongena, S., Smith, D., Michalsen, D., 2000. Firms and their distressed banks: Lessons from the Norwegian Banking Crisis (1988–1991). Working paper. Federal Reserve Board, Washington, DC
Peek, J., Rosengren, E.S., 1994. Bank real estate lending and the New England capital crunch. AREUEA 22, 33–58
Peek, 1995, Bank regulation and the credit crunch, Journal of Banking and Finance, 19, 679, 10.1016/0378-4266(94)00148-V
Peek, 1995, The capital crunch: Neither a borrower nor a lender be, Journal of Money, Credit and Banking, 27, 625, 10.2307/2077739
Peek, J., Rosengren, E.S., 1996. Small business credit availability: How important is size of lender? Financial System Design: The Case for Universal Banking. Irwin Publishing, Burr Ridge, IL, pp. 628–655
Peek, 1998, Bank consolidation and small business lending: It's not just bank size that matters, Journal of Banking and Finance, 22, 799, 10.1016/S0378-4266(98)00012-0
Peek, 1999, The poor performance of foreign bank subsidiaries: Were the problems acquired or created, Journal of Banking and Finance, 23, 579, 10.1016/S0378-4266(98)00082-X
Petersen, 1994, The benefits of firm-creditor relationships: Evidence from small business data, Journal of Finance, 49, 3, 10.2307/2329133
Petersen, 1995, The effect of credit market competition on lending relationships, Quarterly Journal of Economics, 110, 407, 10.2307/2118445
Petersen, M.A., Rajan, R.G., 2000. Does distance still matter? The information revolution in small business lending. Working paper
Raffin, M., 1999. A note on the profitability of the foreign-owned banks in Argentina, Technical Note Number 6. Banco Central de la Republica Argentina, Buenos Aires
Rajan, 1992, Insiders and outsiders: The choice between informed and arm's-length debt, Journal of Finance, 47, 1367, 10.2307/2328944
Scott, J.A., Dunkelberg, W.C., 1999. Bank consolidation and small business lending: A small firm perspective. In: J.L. Blanton, A. Williams, S.L.W. Rhine (Eds.), Business Access to Capital and Credit. A Federal Reserve System Research Conference, pp. 328–361
Seelig, S.A., Critchfield, T., 1999. Determinants of de novo entry in banking. Working paper 99-1. Federal Deposit Insurance Corporation, Washington, DC
Sharpe, 1990, Asymmetric information, bank lending, and implicit contracts: A stylized model of customer relationships, Journal of Finance, 45, 1069, 10.2307/2328715
Shrieves, R.E., Dahl, D., 1995. Regulation, recession, and bank lending behavior: The 1990 credit crunch. Journal of Financial Services Research 9, 5–30
Slovin, 1993, The value of bank durability: Borrowers as bank stakeholders, Journal of Finance, 48, 247, 10.2307/2328888
Stanley, 1993, The effects of foreign ownership of U.S. banks on the availability of loanable funds to small business, Journal of Small Business Management, 31, 51
Stein, J.C., 2001. Information production and capital allocation: Decentralized vs. hierarchical firms. Working paper. Harvard University, Cambridge, MA
Strahan, P.E., Weston, J.P., 1996. Small business lending and bank consolidation: Is there cause for concern? Current issues in Economics and Finance 2, Federal Reserve Bank of New York 2, 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
Wagster, J.D., 1999. The Basle Accord of 1988 and the International Credit Crunch of 1989–1992. Journal of Financial Services Research 15, 123–143
Whalen, G., 1995. Out-of-state holding company affiliation and small business lending. Economic and Policy Analysis Working paper 95-4. Office of the Comptroller of the Currency, Washington, DC