메뉴 건너뛰기




Volumn 41, Issue 4, 2009, Pages 673-709

Do mergers improve information? evidence from the loan market

Author keywords

Asymmetric information; Banking; Mergers

Indexed keywords


EID: 65649138470     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1538-4616.2009.00227.x     Document Type: Article
Times cited : (50)

References (37)
  • 1
    • 84980104458 scopus 로고
    • Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy
    • Altman, Edward 1968 Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy Journal of Finance, 21, 589 609.
    • (1968) Journal of Finance , vol.21 , pp. 589-609
    • Altman, E.1
  • 2
    • 43949151078 scopus 로고
    • Comporate Distress Diagnosis: Comparisons Using Linear Discriminant Analysis and Neural Networks (the Italian Experience)
    • and
    • Altman, Edward, Giancarlo Marco, and Franco Varetto 1994 Comporate Distress Diagnosis: Comparisons Using Linear Discriminant Analysis and Neural Networks (the Italian Experience) Journal of Banking and Finance, 18, 505 29.
    • (1994) Journal of Banking and Finance , vol.18 , pp. 505-29
    • Altman, E.1    Marco, G.2    Varetto, F.3
  • 3
    • 0040093583 scopus 로고    scopus 로고
    • Availability and Cost of Credit for Small Businesses: Customer Relationships and Credit Cooperatives
    • and
    • Angelini, Paolo, Roberto di Salvo, and Giovanni Ferri 1998 Availability and Cost of Credit for Small Businesses: Customer Relationships and Credit Cooperatives Journal of Banking and Finance, 22, 925 54.
    • (1998) Journal of Banking and Finance , vol.22 , pp. 925-54
    • Angelini, P.1    Di Salvo, R.2    Ferri, G.3
  • 4
    • 84934563465 scopus 로고
    • The Price and Profit Effects of Horizontal Merger: A Case Study
    • and
    • Barton, David, and Roger Sherman 1984 The Price and Profit Effects of Horizontal Merger: A Case Study Journal of Industrial Economics, 33, 165 77.
    • (1984) Journal of Industrial Economics , vol.33 , pp. 165-77
    • Barton, D.1    Sherman, R.2
  • 5
    • 16844377675 scopus 로고    scopus 로고
    • Does Function Follow Organizational Form? Evidence from the Lending Practices of Large and Small Banks
    • and
    • Berger, Allen, Nathan Miller, Mitchell Petersen, Raghuram Rajan, and Jeremy Stein 2005 Does Function Follow Organizational Form? Evidence from the Lending Practices of Large and Small Banks Journal of Financial Economics, 76, 237 69.
    • (2005) Journal of Financial Economics , vol.76 , pp. 237-69
    • Berger, A.1    Miller, N.2    Petersen, M.3    Rajan, R.4    Stein, J.5
  • 6
    • 0000000874 scopus 로고    scopus 로고
    • The Effects of Bank Mergers and Acquisitions on Small Business Lending
    • and
    • Berger, Allen, Anthony Saunders, Joseph Scalise, and Gregory Udell 1998 The Effects of Bank Mergers and Acquisitions on Small Business Lending Journal of Financial Economics, 50, 187 229.
    • (1998) Journal of Financial Economics , vol.50 , pp. 187-229
    • Berger, A.1    Saunders, A.2    Scalise, J.3    Udell, G.4
  • 7
    • 0038127300 scopus 로고
    • Relationship Lending and Lines of Credit in Small Firm Finance
    • and
    • Berger, Allen, and Gregory Udell 1995 Relationship Lending and Lines of Credit in Small Firm Finance Journal of Business, 68, 351 81.
    • (1995) Journal of Business , vol.68 , pp. 351-81
    • Berger, A.1    Udell, G.2
  • 8
    • 0344895869 scopus 로고    scopus 로고
    • How Much Should We Trust Differences-in-Differences Estimates
    • and
    • Bertrand, Marianne, Esther Duflo, and Sendhil Mullainathan 2004 How Much Should We Trust Differences-in-Differences Estimates Quarterly Journal of Economics, 119, 249 75.
    • (2004) Quarterly Journal of Economics , vol.119 , pp. 249-75
    • Bertrand, M.1    Duflo, E.2    Mullainathan, S.3
  • 10
    • 0001307856 scopus 로고
    • Hubs and High Fares: Dominance and Market Power in the U.S. Airline Industry
    • Borenstein, Severin 1989 Hubs and High Fares: Dominance and Market Power in the U.S. Airline Industry RAND Journal of Economics, 20, 344 65.
    • (1989) RAND Journal of Economics , vol.20 , pp. 344-65
    • Borenstein, S.1
  • 11
    • 0001066233 scopus 로고
    • Credit-Worthiness and Interbank Competition
    • Broecker, Thorsten 1990 Credit-Worthiness and Interbank Competition Econometrica, 58, 429 52.
    • (1990) Econometrica , vol.58 , pp. 429-52
    • Broecker, T.1
  • 12
    • 28444439548 scopus 로고    scopus 로고
    • Competition and Price Discrimination in Yellow Pages Advertising
    • and
    • Busse, Meghan, and Marc Rysman 2005 Competition and Price Discrimination in Yellow Pages Advertising RAND Journal of Economics, 36, 378 90.
    • (2005) RAND Journal of Economics , vol.36 , pp. 378-90
    • Busse, M.1    Rysman, M.2
  • 13
    • 58149268885 scopus 로고    scopus 로고
    • Zombie Lending and Depressed Restructuring in Japan
    • and
    • Caballero, Ricardo, Takeo Hoshi, and Anil Kashyap 2008 Zombie Lending and Depressed Restructuring in Japan American Economic Review, 98, 1943 77.
    • (2008) American Economic Review , vol.98 , pp. 1943-77
    • Caballero, R.1    Hoshi, T.2    Kashyap, A.3
  • 14
    • 16244404602 scopus 로고    scopus 로고
    • Does Fund Size Erode Mutual Fund Performance? the Role of Liquidity and Organization
    • and
    • Chen, Joseph, Harrison Hong, Ming Huang, and Jeffrey Kubik 2004 Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization American Economic Review, 94, 1276 1302.
    • (2004) American Economic Review , vol.94 , pp. 1276-1302
    • Chen, J.1    Hong, H.2    Huang, M.3    Kubik, J.4
  • 15
    • 3042537975 scopus 로고    scopus 로고
    • Cookie-Cutter versus Character: The Microstructure of Small Business Lending by Large and Small Banks
    • and
    • Cole, Rebel, Lawrence Goldberg, and Lawrence White 2004 Cookie-Cutter versus Character: The Microstructure of Small Business Lending by Large and Small Banks Journal of Financial and Quantitative Analysis, 39, 227 51.
    • (2004) Journal of Financial and Quantitative Analysis , vol.39 , pp. 227-51
    • Cole, R.1    Goldberg, L.2    White, L.3
  • 16
    • 0038831326 scopus 로고    scopus 로고
    • Multiple versus Single Banking Relationships: Theory and Evidence
    • and
    • Detragiache, Enrica, Paolo Garella, and Luigi Guiso 2000 Multiple versus Single Banking Relationships: Theory and Evidence Journal of Finance, 50, 1133 61.
    • (2000) Journal of Finance , vol.50 , pp. 1133-61
    • Detragiache, E.1    Garella, P.2    Guiso, L.3
  • 17
    • 47749120440 scopus 로고
    • Financial Intermediation and Delegated Monitoring
    • Diamond, Douglas 1984 Financial Intermediation and Delegated Monitoring Review of Economic Studies, 51, 393 414.
    • (1984) Review of Economic Studies , vol.51 , pp. 393-414
    • Diamond, D.1
  • 18
    • 3042578628 scopus 로고    scopus 로고
    • Are Mergers Beneficial to Consumers? Evidence from the Market for Bank Deposits
    • and
    • Focarelli, Dario, and Fabio Panetta 2003 Are Mergers Beneficial to Consumers? Evidence from the Market for Bank Deposits American Economic Review, 93, 1152 71.
    • (2003) American Economic Review , vol.93 , pp. 1152-71
    • Focarelli, D.1    Panetta, F.2
  • 20
    • 0040347576 scopus 로고    scopus 로고
    • The Sugar Institute Learns to Organize Information Exchange
    • and. In. edited by Naomi R. Lamoreaux, Daniel M. G. Raff, and Peter Temin. Chicago. University of Chicago Press.
    • Genesove, David, and Wallace Mullin 1999 The Sugar Institute Learns to Organize Information Exchange In Learning by Doing in Markets, Firms, and Countries, edited by Naomi R. Lamoreaux, Daniel M. G. Raff, and Peter Temin. Chicago : University of Chicago Press.
    • (1999) Learning by Doing in Markets, Firms, and Countries
    • Genesove, D.1    Mullin, W.2
  • 21
    • 2142730625 scopus 로고    scopus 로고
    • Financial Intermediation
    • and. In. edited by George M. Constantinides, Milton Harris, and René M. Stulz. The Netherlands. North Holland.
    • Gorton, Gary, and Andrew Winton 2003 Financial Intermediation In Handbook of the Economics of Finance, edited by George M. Constantinides, Milton Harris, and René M. Stulz. The Netherlands : North Holland.
    • (2003) Handbook of the Economics of Finance
    • Gorton, G.1    Winton, A.2
  • 22
    • 0042788827 scopus 로고    scopus 로고
    • Information Technology and Financial Services Competition
    • and
    • Hauswald, Robert, and Robert Marquez 2003 Information Technology and Financial Services Competition Review of Financial Studies, 16, 921 48.
    • (2003) Review of Financial Studies , vol.16 , pp. 921-48
    • Hauswald, R.1    Marquez, R.2
  • 23
    • 0000538316 scopus 로고
    • The Effects of Third-Degree Price Discrimination in Oligopoly
    • Holmes, Thomas 1989 The Effects of Third-Degree Price Discrimination in Oligopoly American Economic Review, 79, 244 50.
    • (1989) American Economic Review , vol.79 , pp. 244-50
    • Holmes, T.1
  • 24
    • 0001131377 scopus 로고
    • Some Evidence on the Uniqueness of Bank Loans
    • James, Christopher 1987 Some Evidence on the Uniqueness of Bank Loans Journal of Financial Economics, 19, 217 33.
    • (1987) Journal of Financial Economics , vol.19 , pp. 217-33
    • James, C.1
  • 25
    • 0041020355 scopus 로고    scopus 로고
    • Bank Deposit Rate Clustering: Theory and Empirical Evidence
    • and
    • Kahn, Charles, George Pennacchi, and Ben Sopranzetti 1999 Bank Deposit Rate Clustering: Theory and Empirical Evidence Journal of Finance, 49, 2185 214.
    • (1999) Journal of Finance , vol.49 , pp. 2185-214
    • Kahn, C.1    Pennacchi, G.2    Sopranzetti, B.3
  • 26
    • 0027767127 scopus 로고
    • Mergers and Market Power: Evidence from the Airline Industry
    • and
    • Kim, E. Han, and Vijay Singal 1993 Mergers and Market Power: Evidence from the Airline Industry American Economic Review, 83, 549 69.
    • (1993) American Economic Review , vol.83 , pp. 549-69
    • Kim, E.H.1    Singal, V.2
  • 27
    • 0000140435 scopus 로고
    • Informational Asymmetries Financial Structure and Financial Intermediation
    • and
    • Leland, Hayne, and David Pyle 1977 Informational Asymmetries Financial Structure and Financial Intermediation Journal of Finance, 27, 371 87.
    • (1977) Journal of Finance , vol.27 , pp. 371-87
    • Leland, H.1    Pyle, D.2
  • 28
    • 84993914974 scopus 로고
    • The Benefits of Lending Relationships: Evidence from Small Business Data
    • and
    • Petersen, Mitchell, and Raghuram Rajan 1994 The Benefits of Lending Relationships: Evidence from Small Business Data Journal of Finance, 49, 3 37.
    • (1994) Journal of Finance , vol.49 , pp. 3-37
    • Petersen, M.1    Rajan, R.2
  • 29
    • 0032343126 scopus 로고    scopus 로고
    • Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence from the Banking Industry
    • and
    • Prager, Robin, and Timothy Hannan 1998 Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence from the Banking Industry Journal of Industrial Economics, 46, 433 52.
    • (1998) Journal of Industrial Economics , vol.46 , pp. 433-52
    • Prager, R.1    Hannan, T.2
  • 30
    • 84977702514 scopus 로고
    • Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt
    • Rajan, Raghuram 1992 Insiders and Outsiders: The Choice Between Informed and Arm's-Length Debt Journal of Finance, 47, 1367 1400.
    • (1992) Journal of Finance , vol.47 , pp. 1367-1400
    • Rajan, R.1
  • 31
    • 0011238685 scopus 로고    scopus 로고
    • The Effects of Banking Mergers on Loan Contracts
    • Sapienza, Paola 2002 The Effects of Banking Mergers on Loan Contracts Journal of Finance, 57, 329 66.
    • (2002) Journal of Finance , vol.57 , pp. 329-66
    • Sapienza, P.1
  • 32
    • 1842759776 scopus 로고    scopus 로고
    • The Effects of Government Ownership on Bank Lending
    • Sapienza, Paola 2004 The Effects of Government Ownership on Bank Lending Journal of Financial Economics, 72, 357 84.
    • (2004) Journal of Financial Economics , vol.72 , pp. 357-84
    • Sapienza, P.1
  • 33
    • 0008443175 scopus 로고    scopus 로고
    • Information Production and Capital Allocation: Decentralized versus Hierarchical Firms
    • Stein, Jeremy 2002 Information Production and Capital Allocation: Decentralized versus Hierarchical Firms Journal of Finance, 57, 1891 921.
    • (2002) Journal of Finance , vol.57 , pp. 1891-921
    • Stein, J.1
  • 34
    • 0000342340 scopus 로고
    • Credit Rationing in Markets with Imperfect Information
    • and
    • Stiglitz, Joseph, and Andrew Weiss 1981 Credit Rationing in Markets with Imperfect Information American Economic Review, 71, 393 409.
    • (1981) American Economic Review , vol.71 , pp. 393-409
    • Stiglitz, J.1    Weiss, A.2
  • 35
    • 61349088125 scopus 로고    scopus 로고
    • Price Discrimination in Competitive Environments
    • In. edited by. Mark Armstrong. and. Robert Porter. The Netherlands. North Holland.
    • Stole, Lars 2007 Price Discrimination in Competitive Environments In Handbook of Industrial Organization, Vol. 3, edited by Mark Armstrong and Robert Porter. The Netherlands : North Holland.
    • (2007) Handbook of Industrial Organization , vol.3
    • Stole, L.1
  • 36


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.