메뉴 건너뛰기




Volumn 63, Issue 6, 2011, Pages 531-551

Bank monitoring, profit efficiency and the commercial lending business model

Author keywords

Bank lending; Bank monitoring; Bank relationships; Profit efficiency

Indexed keywords


EID: 80053367609     PISSN: 01486195     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jeconbus.2011.07.001     Document Type: Article
Times cited : (24)

References (64)
  • 1
    • 33846369080 scopus 로고    scopus 로고
    • Are differences in acquiring bank profit efficiency priced in financial markets?
    • Aggarwal R., Akhigbe A., McNulty J.E. Are differences in acquiring bank profit efficiency priced in financial markets?. Journal of Financial Services Research 2006, 30:265-286.
    • (2006) Journal of Financial Services Research , vol.30 , pp. 265-286
    • Aggarwal, R.1    Akhigbe, A.2    McNulty, J.E.3
  • 2
  • 4
    • 0031161387 scopus 로고    scopus 로고
    • Problem loans and cost efficiency in commercial banks
    • June
    • Berger A.N., DeYoung R. Problem loans and cost efficiency in commercial banks. Journal of Banking and Finance 1997, June, 21(6):849-870.
    • (1997) Journal of Banking and Finance , vol.21 , Issue.6 , pp. 849-870
    • Berger, A.N.1    DeYoung, R.2
  • 5
    • 18144400956 scopus 로고    scopus 로고
    • Credit scoring and the availability, price and risk of small business credit
    • Berger A.N., Frame S.W., Miller N.S. Credit scoring and the availability, price and risk of small business credit. Journal of Money, Credit and Banking 2005, 37(2):191-222.
    • (2005) Journal of Money, Credit and Banking , vol.37 , Issue.2 , pp. 191-222
    • Berger, A.N.1    Frame, S.W.2    Miller, N.S.3
  • 6
    • 0031185036 scopus 로고    scopus 로고
    • Inside the black box: What determines differences in the efficiency of financial institutions?
    • Berger A.N., Mester L.J. Inside the black box: What determines differences in the efficiency of financial institutions?. Journal of Banking and Finance 1997, 21:895-947.
    • (1997) Journal of Banking and Finance , vol.21 , pp. 895-947
    • Berger, A.N.1    Mester, L.J.2
  • 7
    • 4544349961 scopus 로고    scopus 로고
    • Explaining the dramatic changes in performance of U.S. banks.
    • Working paper no. 01-6, Federal Reserve Bank of Philadelphia.
    • Berger, A.N., Mester, L.J., 2001. Explaining the dramatic changes in performance of U.S. banks. Working paper no. 01-6, Federal Reserve Bank of Philadelphia.
    • (2001)
    • Berger, A.N.1    Mester, L.J.2
  • 9
    • 82555203285 scopus 로고    scopus 로고
    • Risk management in financial institutions. Keynote Address, Federal Reserve Bank of Chicago, Proceedings of the Conference on Bank Structure and Competition
    • Credit Market Turmoil: Causes, Consequences and Cures
    • Bernanke, B. S. (2008). Risk management in financial institutions. Keynote Address, Federal Reserve Bank of Chicago, Proceedings of the Conference on Bank Structure and Competition: Credit Market Turmoil: Causes, Consequences and Cures, pp. 1-7.
    • (2008) , pp. 1-7
    • Bernanke, B.S.1
  • 10
    • 21344478309 scopus 로고
    • The role of collateral in a model of debt renegotiation
    • Bester H. The role of collateral in a model of debt renegotiation. Journal of Money, Credit and Banking 1994, 26:72-86.
    • (1994) Journal of Money, Credit and Banking , vol.26 , pp. 72-86
    • Bester, H.1
  • 11
    • 84993869788 scopus 로고
    • The effect of lender identity on a borrowing firm's equity return
    • Billett M.T., Flannery M.J., Garfinkel J.A. The effect of lender identity on a borrowing firm's equity return. Journal of Finance 1995, 50:699-718.
    • (1995) Journal of Finance , vol.50 , pp. 699-718
    • Billett, M.T.1    Flannery, M.J.2    Garfinkel, J.A.3
  • 12
    • 0001556320 scopus 로고
    • Bank funds management in an efficient market
    • Black F. Bank funds management in an efficient market. Journal of Financial Economics 1975, 2:323-340.
    • (1975) Journal of Financial Economics , vol.2 , pp. 323-340
    • Black, F.1
  • 15
    • 0039012108 scopus 로고    scopus 로고
    • Can relationship banking survive competition?
    • Boot A.W.A., Thakor A.V. Can relationship banking survive competition?. Journal of Finance 2000, 55:679-713.
    • (2000) Journal of Finance , vol.55 , pp. 679-713
    • Boot, A.W.A.1    Thakor, A.V.2
  • 17
    • 0002064709 scopus 로고
    • Size and the performance of banking firms: Testing the predictions of theory
    • Boyd J.H., Runkle D. Size and the performance of banking firms: Testing the predictions of theory. Journal of Monetary Economics 1993, 31:47-67.
    • (1993) Journal of Monetary Economics , vol.31 , pp. 47-67
    • Boyd, J.H.1    Runkle, D.2
  • 18
    • 3142664823 scopus 로고    scopus 로고
    • Do small banks have an advantage in lending? An analysis of risk-adjusted loan yields at large and small banks
    • Carter D., McNulty J.E., Verbrugge J.A. Do small banks have an advantage in lending? An analysis of risk-adjusted loan yields at large and small banks. Journal of Financial Services Research 2004, 25:233-252.
    • (2004) Journal of Financial Services Research , vol.25 , pp. 233-252
    • Carter, D.1    McNulty, J.E.2    Verbrugge, J.A.3
  • 19
    • 13444302900 scopus 로고    scopus 로고
    • Deregulation, technological change and the business lending performance of large and small banks
    • Carter D., McNulty J.E. Deregulation, technological change and the business lending performance of large and small banks. Journal of Banking and Finance 2005, 313-330.
    • (2005) Journal of Banking and Finance , pp. 313-330
    • Carter, D.1    McNulty, J.E.2
  • 21
    • 21844511403 scopus 로고
    • Reputation, renegotiation and the choice between bank loans and publicly traded debt
    • Chemmanur T.J., Fulghieri P. Reputation, renegotiation and the choice between bank loans and publicly traded debt. Review of Financial Studies 1994, 7:475-506.
    • (1994) Review of Financial Studies , vol.7 , pp. 475-506
    • Chemmanur, T.J.1    Fulghieri, P.2
  • 22
    • 3042537975 scopus 로고    scopus 로고
    • Cookie cutter vs. character: The micro structure of small business lending by large and small banks
    • Cole R.A., Goldberg L.G., White L.J. Cookie cutter vs. character: The micro structure of small business lending by large and small banks. Journal of Financial and Quantitative Analysis 2004, 39:227-251.
    • (2004) Journal of Financial and Quantitative Analysis , vol.39 , pp. 227-251
    • Cole, R.A.1    Goldberg, L.G.2    White, L.J.3
  • 26
    • 85185428057 scopus 로고    scopus 로고
    • Understanding the Subprime Mortgage Crisis," Federal Reserve Bank of Chicago, Proceedings of the Annual Conference on Bank Structure and Competition, Credit Market Turmoil
    • Causes, Consequences and Cures (May)
    • Demyanyk, Y, Otto Van Hemert. (2008). Understanding the Subprime Mortgage Crisis," Federal Reserve Bank of Chicago, Proceedings of the Annual Conference on Bank Structure and Competition, Credit Market Turmoil: Causes, Consequences and Cures (May), pp. 171-192.
    • (2008) , pp. 171-192
    • Demyanyk, Y.1    Otto Van, H.2
  • 27
    • 0000110390 scopus 로고    scopus 로고
    • The performance of de novo commercial banks: A profit efficiency approach
    • DeYoung R., Hasan I. The performance of de novo commercial banks: A profit efficiency approach. Journal of Banking and Finance 1998, 22:565-587.
    • (1998) Journal of Banking and Finance , vol.22 , pp. 565-587
    • DeYoung, R.1    Hasan, I.2
  • 28
    • 0040456893 scopus 로고    scopus 로고
    • Foreign-owned banks in the United States: Earning market share or buying it?
    • DeYoung R., Nolle D.E. Foreign-owned banks in the United States: Earning market share or buying it?. Journal of Money, Credit and Banking 1996, 28:622-636.
    • (1996) Journal of Money, Credit and Banking , vol.28 , pp. 622-636
    • DeYoung, R.1    Nolle, D.E.2
  • 29
    • 0000250771 scopus 로고    scopus 로고
    • Who's minding the store? Motivating and monitoring hired managers at small, closely held commercial banks
    • DeYoung R., Spong K., Sullivan R.J. Who's minding the store? Motivating and monitoring hired managers at small, closely held commercial banks. Journal of Banking and Finance 2001, 25:1209-1243.
    • (2001) Journal of Banking and Finance , vol.25 , pp. 1209-1243
    • DeYoung, R.1    Spong, K.2    Sullivan, R.J.3
  • 30
    • 84935413182 scopus 로고
    • Monitoring and reputation: The choice between bank loans and directly placed debt
    • Diamond D. Monitoring and reputation: The choice between bank loans and directly placed debt. Journal of Political Economy 1991, 99:689-721.
    • (1991) Journal of Political Economy , vol.99 , pp. 689-721
    • Diamond, D.1
  • 31
    • 47749120440 scopus 로고
    • Financial intermediation and delegated monitoring
    • Diamond D. Financial intermediation and delegated monitoring. Review of Economic Studies 1984, 51:393-414.
    • (1984) Review of Economic Studies , vol.51 , pp. 393-414
    • Diamond, D.1
  • 33
    • 0002509987 scopus 로고
    • What's different about banks?
    • Fama E. What's different about banks?. Journal of Monetary Economics 1985, 10:10-19.
    • (1985) Journal of Monetary Economics , vol.10 , pp. 10-19
    • Fama, E.1
  • 34
    • 85185420852 scopus 로고    scopus 로고
    • Federal Deposit Insurance Corporation Quarterly Banking Profile (available at FDIC.gov).
    • Federal Deposit Insurance Corporation (2004). Quarterly Banking Profile (available at FDIC.gov).
    • (2004)
  • 37
    • 0011736481 scopus 로고    scopus 로고
    • Bank information monopolies and the mix of private and public debt claims
    • Houston J., James C. Bank information monopolies and the mix of private and public debt claims. Journal of Finance 1996, 51:1863-1889.
    • (1996) Journal of Finance , vol.51 , pp. 1863-1889
    • Houston, J.1    James, C.2
  • 38
    • 0001742427 scopus 로고    scopus 로고
    • Are scale economies in banking elusive or illusive? Evidence obtained by incorporating capital structure and risk taking into models of bank production
    • Hughes J.P., Mester L.J., Moon C.G. Are scale economies in banking elusive or illusive? Evidence obtained by incorporating capital structure and risk taking into models of bank production. Journal of Banking and Finance 2001, 25:2169-2208.
    • (2001) Journal of Banking and Finance , vol.25 , pp. 2169-2208
    • Hughes, J.P.1    Mester, L.J.2    Moon, C.G.3
  • 39
    • 0031540249 scopus 로고    scopus 로고
    • Banks' responses to deregulation: Profits, technology and efficiency
    • Humphrey D.B., Pulley L.B. Banks' responses to deregulation: Profits, technology and efficiency. Journal of Money, Credit and Banking 1997, 29:73-93.
    • (1997) Journal of Money, Credit and Banking , vol.29 , pp. 73-93
    • Humphrey, D.B.1    Pulley, L.B.2
  • 40
    • 0001131377 scopus 로고
    • Some evidence on the uniqueness of bank loans
    • James C. Some evidence on the uniqueness of bank loans. Journal of Financial Economics 1987, 19:217-236.
    • (1987) Journal of Financial Economics , vol.19 , pp. 217-236
    • James, C.1
  • 41
    • 49049139741 scopus 로고
    • On the estimation of technical inefficiency in the stochastic frontier production function model
    • Jondrow J.C., Lovell C.A.K., Materov I., Schmidt P. On the estimation of technical inefficiency in the stochastic frontier production function model. Journal of Econometrics 1982, 233-238.
    • (1982) Journal of Econometrics , pp. 233-238
    • Jondrow, J.C.1    Lovell, C.A.K.2    Materov, I.3    Schmidt, P.4
  • 42
    • 84997908395 scopus 로고    scopus 로고
    • The effect of bank reputation on the value of bank loan agreements
    • Johnson S.A. The effect of bank reputation on the value of bank loan agreements. Journal of Accounting, Auditing and Finance 1997, 12:83-100.
    • (1997) Journal of Accounting, Auditing and Finance , vol.12 , pp. 83-100
    • Johnson, S.A.1
  • 43
    • 77649166949 scopus 로고    scopus 로고
    • Ethical Failures in Regulating and Supervising the Pursuit of Safety- Net Subsidies
    • June
    • Kane Edward J. Ethical Failures in Regulating and Supervising the Pursuit of Safety- Net Subsidies. European Business Organization Law Review 2009, June, 10:185-211.
    • (2009) European Business Organization Law Review , vol.10 , pp. 185-211
    • Kane Edward, J.1
  • 44
    • 84963001848 scopus 로고
    • Bank portfolio allocation, deposit variability and the availability doctrine
    • Kane E.J., Malkiel B.J. Bank portfolio allocation, deposit variability and the availability doctrine. Quarterly Journal of Economics 1965, 79:113-134.
    • (1965) Quarterly Journal of Economics , vol.79 , pp. 113-134
    • Kane, E.J.1    Malkiel, B.J.2
  • 48
    • 45349110429 scopus 로고
    • Further evidence on the bank lending process and the capital market response to bank loan agreements
    • Lummer S., McConnell J. Further evidence on the bank lending process and the capital market response to bank loan agreements. Journal of Financial Economics 1989, 25:99-122.
    • (1989) Journal of Financial Economics , vol.25 , pp. 99-122
    • Lummer, S.1    McConnell, J.2
  • 51
    • 82555173380 scopus 로고    scopus 로고
    • Finance theory, lender liability and the value of banking relationships: A survey and interpretation
    • McNulty J.E. Finance theory, lender liability and the value of banking relationships: A survey and interpretation. Quarterly Journal of Business and Economics 2002, 41:83-94.
    • (2002) Quarterly Journal of Business and Economics , vol.41 , pp. 83-94
    • McNulty, J.E.1
  • 52
    • 0001260667 scopus 로고    scopus 로고
    • Economies of scale and scope at large commercial banks: Evidence from the Fourier flexible functional form
    • Mitchell K., Onvurall N.M. Economies of scale and scope at large commercial banks: Evidence from the Fourier flexible functional form. Journal of Money, Credit and Banking 1996, 28:178-199.
    • (1996) Journal of Money, Credit and Banking , vol.28 , pp. 178-199
    • Mitchell, K.1    Onvurall, N.M.2
  • 54
  • 55
    • 84892702170 scopus 로고    scopus 로고
    • Estimating standard errors in finance panel data sets: comparing approaches
    • Petersen M. Estimating standard errors in finance panel data sets: comparing approaches. Review of Financial Studies 2009, 22(1):435-480.
    • (2009) Review of Financial Studies , vol.22 , Issue.1 , pp. 435-480
    • Petersen, M.1
  • 56
    • 84993914974 scopus 로고
    • The benefits of lending relationships: Evidence from small business data
    • Petersen M., Rajan R. The benefits of lending relationships: Evidence from small business data. Journal of Finance 1994, 49:3-37.
    • (1994) Journal of Finance , vol.49 , pp. 3-37
    • Petersen, M.1    Rajan, R.2
  • 57
    • 84862244566 scopus 로고
    • The effect of credit market competition on lending relationships
    • Petersen M., Rajan R. The effect of credit market competition on lending relationships. Quarterly Journal of Economics 1995, 110:407-443.
    • (1995) Quarterly Journal of Economics , vol.110 , pp. 407-443
    • Petersen, M.1    Rajan, R.2
  • 59
    • 84977702514 scopus 로고
    • Insiders and outsiders: The choice between informed and arm's-length debt
    • Rajan R.G. Insiders and outsiders: The choice between informed and arm's-length debt. Journal of Finance 1992, 47:1367-1400.
    • (1992) Journal of Finance , vol.47 , pp. 1367-1400
    • Rajan, R.G.1
  • 60
    • 57349098527 scopus 로고
    • Information reliability and a theory of financial intermediation
    • Ramakrishnan R., Thakor A. Information reliability and a theory of financial intermediation. Review of Economic Studies 1984, 51:415-432.
    • (1984) Review of Economic Studies , vol.51 , pp. 415-432
    • Ramakrishnan, R.1    Thakor, A.2
  • 62
    • 84977733424 scopus 로고
    • Asymmetric information, bank lending and implicit contracts: A stylized model of customer relationships
    • Sharpe S.A. Asymmetric information, bank lending and implicit contracts: A stylized model of customer relationships. Journal of Finance 1990, 45:1069-1087.
    • (1990) Journal of Finance , vol.45 , pp. 1069-1087
    • Sharpe, S.A.1
  • 63
    • 84993907263 scopus 로고
    • The value of bank durability: Borrowers as bank stakeholders
    • Slovin M.B, Sushka M.E., Polonchek J.A. The value of bank durability: Borrowers as bank stakeholders. Journal of Finance 1993, 48:247-266.
    • (1993) Journal of Finance , vol.48 , pp. 247-266
    • Slovin, M.B.1    Sushka, M.E.2    Polonchek, J.A.3
  • 64
    • 0003363675 scopus 로고
    • Delegated monitoring and bank structure in a finite economy
    • Winton A. Delegated monitoring and bank structure in a finite economy. Journal of Financial Intermediation 1995, 4:158-187.
    • (1995) Journal of Financial Intermediation , vol.4 , pp. 158-187
    • Winton, A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.