De novo banks and lending to small businesses: An empirical analysis

Journal of Banking and Finance

Volumn 22, Issue 6-8, 1998, Pages 851-867

  Goldberg, Lawrence G ^a   White, Lawrence J ^b  

^a UNIVERSITY OF MIAMI   (United States)

^b NEW YORK UNIVERSITY   (United States)

Author keywords

De novo banks; G21; L11; Market entry; Small business loans

Indexed keywords

EID: 0000588328     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0378-4266(98)00011-9     Document Type: Article

References (36)

1. Amel D.F., Liang J.N. Determinants of entry and profits in local banking markets. Review of Industrial Organization. 12:1997;59-78.
2. Bain, J.S., 1956. Barriers to New Competition. Harvard University Press, Cambridge, MA.
3. Berger, A.N., Udell, G.F., 1993. Securitization, risk, and the liquidity problem in business. In: Klausner, M., White, L.J. (Eds.), Structural Change in Banking. Irwin, Homewood, IL, pp. 227-291.
4. Berger, A.N., Udell, G.F., 1996. Universal banking and the future of small business lending. In: Saunders, A., Walter, I. (Eds.), Universal Banking: Financial System Design Reconsidered. Irwin, Chicago, IL, pp. 558-627.
5. Berger, A.N., Kashyap, A.K., Scalise, J.M., 1995. The transformation of the US banking industry: What a long, strange trip it's been. Brookings Papers on Economic Activity (2) 155-218.
6. Berger, A.N., Saunders, A., Scalise, J.M., Udell, G.F., 1998. The effects of bank mergers and acquisitions on small business lending. Journal of Financial Economics 50, forthcoming.
7. Berlin, M., 1996. For better and for worse: Three lending relationships. Federal Reserve Bank of Philadelphia Business Review (November/December), pp. 3-12.
8. Bhattacharya S., Thakor A.V. Contemporary banking theory. Journal of Financial Intermediation. 3:1993;2-50.
9. Brislin, P., Santomero, A.M., 1991. De novo banking in the third district. Federal Reserve Bank of Philadelphia Business Review (January/February), pp. 3-12.
10. DeYoung, R., 1998. Comments on de novo banks and lending to small businesses. Journal of Banking and Finance 22.
11. DeYoung, R., Hasan, I., 1998. The performance of de novo banks: A profit efficiency approach. Journal of Banking and Finance 22, 565-587.
12. Epstein, J.D., 1996. Years of bank mergers trigger a rise in start-ups looking for their niche. American Banker (December), p. 1.
13. Federal Reserve Bank of New York, 1994. Studies on causes and consequences of the 1989-92 credit slowdown. Federal Reserve Bank of New York, New York.
14. Frame W.S. Examining small business lending in bank antitrust analysis. Federal Reserve Bank of Atlanta Economic Review. 80:1995;31-40.
15. Geroski P.A. What do we know about entry? International Journal of Industrial Organization. 13:1995;421-440.
16. Goldberg L.G. Bank holding company acquisitions and their impact on market shares. Journal of Money, Credit and Banking. 8:1976;127-130.
17. Goldberg, L.G., 1979. Bank holding company acquisitions, competition, and public policy. In: Goldberg, L.G., White, L.J. (Eds.), Deregulation of the Banking and Securities Industries. Heath, Lexington, MA, pp. 219-242.
18. Hancock, D., Wilcox, J.A., 1998. The 'credit crunch' and the availability of credit to small business. Journal of Banking and Finance 22, 983-1014, this issue.
19. Hannan T.H. Bank commercial loan markets and the role of market structure: Evidence from surveys of commercial lending. Journal of Banking and Finance. 15:1991;133-149.
20. Hunter, W.C., Verbrugge, J.A., Whidbee, D.A., 1996. Risk-taking and failure in de novo savings and loans in the 1980s. Journal of Financial Services Research, 10.
21. Jensen M., Meckling W. Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics. 3:1976;305-360.
22. Keeton W.R. Multi-office bank lending to small business: Some new evidence. Federal Reserve Bank of Kansas City Economic Review. 80:1995;45-57.
23. Keeton W.R. Do bank mergers reduce lending to businesses and farmers? New evidence from Tenth District states. Federal Reserve Bank of Kansas City Economic Review. 81:1996;63-75.
24. Levonian, M.E., 1996. Explaining differences in farm lending among banks. Federal Reserve Bank of San Francisco Economic Review 3, 12-22.
25. Levonian, M.E., Soller, J., 1995. Small banks, small loans, small business. Working paper. Federal Reserve Bank of San Francisco (December).
26. Nakamura, L.I., 1993a. Commercial bank information: Implications for the structure of banking. In: Klausner, M., White, L.J. (Eds.), Structural Change in Banking. Irwin, Homewood, IL, pp. 131-160.
27. Nakamura L.I. Recent research in commercial banking: Information and lending. Financial Markets, Institutions, and Instruments. 2:1993;73-88.
28. Nakamura, L.I., 1994. Small borrowers and the survival of the small bank: Is mouse bank mighty or mickey? Federal Reserve Bank of Philadelphia Business Review (December).
29. Peek, J., Rosengren, E.S., 1996. Small business credit availability: How important is size of lender? In: Saunders, A., Walter, I. (Eds.), Universal Banking: Financial System Design Reconsidered. Irwin, Chicago, IL, pp. 628-655.
30. Peek, J., Rosengren, E.S., 1998. Bank consolidation and small business lending: It's not just bank size that matters. Journal of Banking and Finance 22, 799-819, this issue.
31. Peterson M.A., Rajan R. The effect of credit market competition on lending relationships. Quarterly Review of Economics. 110:1995;407-443.
32. Stiglitz J., Weiss A. Credit rationing in markets with imperfect information. American Economic Review. 71:1981;393-410.
33. Strahan, P.E., Weston, J.P., 1996. Small business lending and bank consolidation: Is there cause for concern? Working paper. Federal Reserve Bank of New York (March).
34. Strahan, P.E., Weston, J.P., 1998. Small business lending and the changing structure of the banking industry. Journal of Banking and Finance 22, 821-845, this issue.
35. 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 (September).
36. White L.J. Banking, mergers, and antitrust: Historical perspectives, and the research tasks ahead. Antitrust Bulletin. 41:1996;323-337.