haku: @author Weston, J. P. / yhteensä: 2
viite: 2 / 2
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| Tekijä: | Strahan, P. E. Weston, J. P. |
| Otsikko: | Small business lending and the changing structure of the banking industry |
| Lehti: | Journal of Banking and Finance
1998 : AUG, VOL. 22:6-8, p. 821-845 |
| Asiasana: | Banking Bank lending Mergers Small business |
| Kieli: | eng |
| Tiivistelmä: | The study investigates the relationship btw. bank lending to small businesses, banking company size and complexity, and bank consolidation. Two potential influences on small business lending are considered associated with changes in the size distribution of the banking sector. On the one hand, organizational diseconomies may increase the costs of small business lending as the size and complexity of the banking company increases. On the other, size-related diversification may enhance lending to small businesses. First, it is found that small business loans per dollar of asset rises, then falls, with banking company size, while the level of small business lending rises monotonically with size. Second, consolidation among small banking companies serves to increase bank lending to small businesses, while other types of mergers or acquisitions have little effect. These findings are interpreted as consistent with the diversification hypothesis. |
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