Further evidence on the link between finance and growth: An international analysis of community banking and economic performance

Journal of Financial Services Research

Volumn 25, Issue 2-3, 2004, Pages 169-202

  Berger, Allen N ^a   Hasan, Iftekhar ^b   Klapper, Leora F ^c  

^a UNIVERSITY OF PENNSYLVANIA   (United States)

^b RENSSELAER POLYTECHNIC INSTITUTE   (United States)

^c WORLD BANK   (United States)

Author keywords

Banks; Community banking; Economic growth; Financial development; International; SMEs

Indexed keywords

EID: 1842460656     PISSN: 09208550     EISSN: None     Source Type: Journal    
DOI: 10.1023/b:fina.0000020659.33510.b7     Document Type: Conference Paper

References (59)

1. Armendariz, de Aghion B., and J. Morduch. "Microfinance Beyond Group Lending." The Economics of Trasitional 8 (2000), 401-420.
2. Avery, R. B., and K. A. Samolyk. "Bank Consolidation and the Provision of Banking Services: Small Commercial Loans." Journal of Financial Services Research 25:2/3 (2004), 291-325.
3. Ayyagari, M., T. Beck, and A. Demirgüc-Kunt. "Small and Medium Enterprises Across the Globe: A New Database." Working paper, World Bank, 2002.
4. Barth, J., G. Caprio, and R. Levine. "Banking Systems Around the Globe: Do Regulation and Ownership Affect Performance and Stability." Working paper, World Bank, 1999.
5. Barth, J., G. Caprio, and R. Levine. "The Regulation and Supervision of Banks Around the World. A New Database." In: R. Litan and R. Herring, eds., Integrating Emerging Market Countries into the Global Financial System. Washington, D.C.: Brookings Institution Press, 2001.
6. Beck, T., A. Demirgüc-Kunt, and R. Levine. "Small and Medium Enterprises, Economic Growth and Development." Working paper, World Bank, 2003.
7. Beck, T., A. Demirgüc-Kunt, and V. Maksimovic. "Bank Competition and Access to Finance." Journal of Money, Credit, and Banking (2004).
8. Berger, A. N., S. D. Bonime, and L. G. Goldberg. "The Dynamics of Market Entry: The Effects of Mergers and Acquisitions on Entry in the Banking Industry." Journal of Business 77 (2004).
9. Berger, A. N., R. DeYoung, H. Genay, and G. F. Udell. "The Globalization of Financial Institutions: Evidence from Cross-border Banking Performance." Brookings-Wharton Papers on Financial Services 3 (2000), 23-158.
10. Berger, A. N., L. G. Goldberg, and L. J. White. "The Effects of Dynamic Changes in Bank Competition on the Supply of Small Business Credit." European Finance Review 5 (2001), 115-139.
11. Berger, A. N., I. Hasan, and L. F. Klapper. "Further Evidence on the Link between Finance and Growth: An International Analysis of Community Banking and Economic Performance." Working paper, World Bank, 2003.
12. Berger, A. N., A. K. Kashyap, and J. M. Scalise. "The Transformation of the U.S. Banking Industry: What a Long, Strange Trip It's Been." Brookings Papers on Economic Activity 2 (1995), 55-218.
13. Berger, A. N., L. F. Klapper, and G. F. Udell. "The Ability of Bank to Lend to Informationally Opaque Small Businesses." Journal of Banking and Finance 25 (2001), 2127-2167.
14. Berger, A. N., and L. J. Mester. "Inside The Black Box: What Explains Differences in the Efficiencies of Financial Institutions?" Journal of Banking and Finance 21 (1997), 895-947.
15. Berger, A. N., N. H. Miller, M. A. Petersen, R. G. Rajan, and J. C. Stein. "Does Function Follow Organizational Form?" Evidence from the Lending Practices of Large and Small Banks, National Bureau of Economic Research Working paper 8752, 2002.
16. Berger, A. N., A. Saunders, J. M. Scalise, and G. F. Udell "The Effects of Bank Mergers and Acquisitions on Small Business Lending." Journal of Financial Economics 50 (1998), 187-229.
17. Berger, A. N., and G. F. Udell. "Universal Banking and the Future of Small Business Lending." In: A. Saunders, and I. Walter, ed., Financial System Design: The Case for Universal Banking. Burr Ridge, IL: Irwin Publishing, 1996, pp. 559-627.
18. Berger, A. N., and G. F. Udell. "Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure." Economic Journal 112 (2002), F32-F53.
19. Black, S. E., and P. E. Strahan. "Entrepreneurship and Bank Credit Availability." Journal of Finance 57 (2002), 2807-2833.
20. Carter, D. A., J. E. McNulty, and J. A. Verbrugge. "Do Small Banks have an Advantage in Lending? An Examination of Risk-adjusted Yields on Business Loans at Large and Small Banks." Journal of Financial Services Research (2004), 25:2/3, 233-252.
21. Claessens, S., A. Demirgüc-Kunt, and H. Huizinga. "How Does Foreign Entry Affect the Domestic Banking Market?" Journal of Banking and Finance 25 (2001), 891-911.
22. Clarke, G., and R. Cull. "Political and Economic Determinants of the Likelihood of Privatizing Argentine Public Banks." Journal of Law and Economics 45 (2002), 165-197.
23. Clarke, G., R. Cull, and S. M. Martinez Peria. "How Does Foreign Bank Participation Affect Access to Credit by SMEs? Evidence from Survey Data." Working paper World Bank, 2002a.
24. Clarke, G., R. Cull, S. M. Martinez Peria, and S. Sanchez. "Bank Lending to Small Businesses in Latin America: Does Bank Origin Matter?" Journal of Money, Credit, and Banking (forthcoming).
25. Cole, R. A., L. G. Goldberg, and L. J. White. "Cookie-cutter versus Character: The Micro Structure of Small Business Lending by Large and Small Banks." Journal of Financial and Quantitative Analysis (forthcoming).
26. Dages, B. G., L. Goldberg, and D. Kinney, "Foreign and Domestic Bank Participation in Emerging Markets: Lessons from Mexico and Argentina," Federal Reserve Bank of New York Economic Policy Review 6, no. 3 (2000).
27. DeYoung, R., and D. E. Nolle. "Foreign-owned Banks in the U.S.: Earning Market Share or Buying It?" Journal of Money, Credit, and Banking 28, no. 4 (1996), 622-636.
28. Ferrier, G. D. "Bank efficiency and economic growth: The case of ASEAN." Working paper, University of Arkansas, 2001a.
29. Grosse, R., and L. G. Goldberg. "Foreign Bank Activity in the United States: An Analysis by Country of Origin." Journal of Banking and Finance 15 (1991), 1093-1112.
30. Goldberg, L. G., and A. Saunders. "The Determinants of Foreign Banking Activity in the United States." Journal of Banking and Finance 5 (1981), 17-32.
31. Hancock, D., and J. A. Wilcox. "'The Credit Crunch' and the Availability of Credit to Small Business." Journal of Banking and Finance 22 (1998), 983-1014.
32. 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.
33. Hannan, T. H. "Market Share Inequality, the Number of Competitors, and the HHI: An Examination of Bank Pricing." Review of Industrial Organization 12 (1997), 23-35.
34. Hanson, J. "Indian Banking: Market Liberalization and the Pressures for Market Framework Reform." In: A. Krueger, ed., Economic Policy Reforms and the Indian Economy, 2002.
35. Hauswald, R., and R. Marquez. "Competition and Strategic Information Acquisition in Credit Markets." Working paper, University of Maryland, 2002.
36. Haynes, G. W., C. Ou, and R. Berney. "Small Business Borrowing from Large and Small Banks." In: J. L. Blanton, A. Williams, and S. L. W. Rhine, ed., Business Access to Capital and Credit. Federal Reserve System Research Conference, 1999, 287-327.
37. International Financial Statistics, International Monetary Fund, 53, no. 10, October, 2002.
38. Jappelli, T., and M. Pagano. "Information Sharing, Lending and Defaults: Cross-country Evidence." Journal of Banking and Finance 26 (2002), 2017-2045.
39. Jayaratne, J., and P. E. Strahan. "The Finance-Growth Nexus: Evidence from Bank Branch Deregulation." Quarterly Journal of Economics 111 (1996), 639-670.
40. Jayaratne, J., and P. E. Strahan. "Entry Restrictions, Industry Evolution, and Dynamic Efficiency: Evidence from Commercial Banking." Journal of Law and Economics 41 (1998), 239-273.
41. King, R. G., and R. Levine. "Finance and Growth: Schumpeter Might Be Right." Quarterly Journal of Economics 108 (1993), 717-737.
42. Klapper, L. F., and V. Sulla. "The Role of SMEs Around the World." World Bank Mimeo, 2002.
43. La Porta, R., F. Lopez-de-Silanes, and A. Shleifer. "Government Ownership of Banks." Journal of Finance 57 (2002), 265-301.
44. La Porta, R., F. Lopez-de-Silanes, A. Shleifer, and R. W. Vishny. "Legal Determinants of External Finance." Journal of Finance 52 (1997), 1131-1150.
45. La Porta, R., F. Lopez-de-Silanes, A. Shleifer, and R. W. Vishny. "Law and Finance." Journal of Political Economy 106 (1998), 1113-1155.
46. Morduch, J. "The Microfinance Promise." Journal of Economic Literature 37, no. 4 (1999), 1569-1614.
47. Morduch, J. "The Microfinance Schism." World Development 28, no. 4 (2000), 617-629.
48. Peek, J., and E. S. Rosengren. "Bank Consolidation and Small Business Lending: It's Not Just Bank Size That Matters." Journal of Banking and Finance 22 (1998), 799-819.
49. Peek, J., E. S. Rosengren, and F. Kasirye. "The Poor Performance of Foreign Bank Subsidiaries: Were the Problems Acquired or Created?" Journal of Banking and Finance 23 (1999), 579-604.
50. Petersen, M. A., and R. G. Rajan. "The Effect of Credit Market Competition on Lending Relationship." Quarterly Journal of Economics 110 (1995), 407-443.
51. Petersen, M. A., and R. Rajan. "Does Distance Still Matter? The Information Revolution in Small Business Lending." Journal of Finance 57 (2002), 2533-2570.
52. Robinson, M. "The Microfinance Revolution: Sustainable Finance for the Poor," Volume I. Washington, DC: The World Bank, 2001.
53. Sapienza, P. "The Effects of Government Ownership on Bank Lending." Journal of Financial Economics (forthcoming).
54. Small Industries Development Bank of India. Annual Report, 1997-1998.
55. Stein, J. C. "Information Production and Capital Allocation: Decentralized vs. Hierarchical Firms." Journal of Finance 57 (2002), 1891-1921.
56. Strahan, P. E., and J. P. Weston. "Small Business Lending and the Changing Structure of the Banking Industry." Journal of Banking and Finance 22 (1998), 821-845.
57. Wachtel, P. "How Much Do We Really Know About Growth and Finance?" Economic Review Federal Reserve Bank of Atlanta 88 (First quarter 2003), 33-47.
58. Williamson, O. "The Economics of Defense Contracting: Incentives and Performance." In: R. McKean, ed., Issues in Defense Economics. New York: Columbia University Press, 1967.
59. Williamson, O. "Corporate Finance and Corporate Governance." Journal of Finance 43 (1988), 567-591.