Brevoort, Kenneth P.; Holmes, John A.; Wolken, John D. - Federal Reserve Board (Board of Governors of the … - 2010
In a seminal article on small business lending, Petersen & Rajan (2002) argue that technological changes have … revolutionized small business lending markets, weakening the reliance of small businesses on local lenders and increasing geographic … change accelerated after 1993. Using the 1993, 1998, and 2003 Surveys of Small Business Finances (SSBFs), we test whether the …