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| Tekijä: | Rauch, J.H. Hendrickson, J.M. |
| Otsikko: | Does bank consolidation hurt the small business borrower? |
| Lehti: | Small business economics
2004 : OCT, VOL. 23:3, p. 219-226 |
| Asiasana: | Banking Consolidation Mergers Loans Borrowing Small business USA |
| Vapaa asiasana: | SME |
| Kieli: | eng |
| Tiivistelmä: | The wave of mergers in the commercial banking sector in the United States (U.S.) has led to tremendous industry consolidation (herafter as: cons.). Some fear that such cons. will leave the small business (here as: sb.) borrower with fewer opportunities to obtain bank credit. This study uses regression analysis to empirically determine if cons. has caused larger banks to abandon relationship loans extended to sb. over time. If so, this leaves sb. borrowers with two distinctly different choices, a low interest rate loan from a large bank for those sb. borrowers qualifing - or a high interest rate loan from a small bank for those who do not. The results of this study support this theory, and find that cons. has raised sb. loan rates at small banks and lowered rates at large banks, cet.par. |
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