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We study the dynamics of market entry following mergers and acquisitions (M&As) and the behavior of recent entrants in supplying output that might be withdrawn by the consolidating firms. The data, drawn from the banking industry, suggest that M&As are associated with subsequent increases in the...
Persistent link: https://www.econbiz.de/10005513027
The informational opacity of small businesses makes them an interesting area for the study of banks' lending practices and procedures. We use data from a survey of small businesses to analyze the micro level differences in the loan approval processes of large and small banks. We provide evidence...
Persistent link: https://www.econbiz.de/10005139171
We offer and test two competing hypotheses for the consolidation trend in banking using U.S. banking industry data over the period 1982-2000. Under the "efficiency hypothesis", technological progress improved the performance of large, multimarket firms relative to small, single-market firms,...
Persistent link: https://www.econbiz.de/10005814271
This paper addresses the relationship between the aging process at new and relatively young banks and the tendency of banks to make loans to small businesses. Defining small business loans as C&I loans that are under $1 million in size, we analyze a sample of banks that had assets of less than...
Persistent link: https://www.econbiz.de/10005776446
We study the dynamics of market entry following mergers and acquisitions (M&As), and the behavior of recent entrants in supplying output that might be withdrawn by the consolidating firms. The data, drawn from the banking industry, suggest that M&As are associated with subsequent increases in...
Persistent link: https://www.econbiz.de/10005742703
The recent consolidation in the banking system has focused attention on the difference in lending between large and small banks, since large banks lend proportionally less to small business. We use a newly available survey of small business finances conducted by the Federal Reserve System to...
Persistent link: https://www.econbiz.de/10005663464
Persistent link: https://www.econbiz.de/10005061855
Persistent link: https://www.econbiz.de/10005106170
In this paper we examine the lending by small banks to small farms. We find that relationships, as measured by the length of tenure of farm operators, are positively related to bank lending. We also find that denovo banks have a positive tendency to lend to small farms, similar to the tendency...
Persistent link: https://www.econbiz.de/10005113434
Persistent link: https://www.econbiz.de/10005194653