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|Title: ||The Effects of Bank Mergers and Acquisitions on Small Business Lending|
|Authors: ||Berger, Allen N.|
Scalise, Joseph M.
Udell, Gregory F.
|Issue Date: ||1-Jan-1998 |
|Series/Report no.: ||FIN-98-007|
|Abstract: ||We examine the effects of bank M&As on small business lending using
data on over 6,000 recent U.S. bank M&As. We are the first to
decompose the impact of M&As into static effects from simply melding
the antecedent institutions, and dynamic effects associated with
post-M&A refocusing of the consolidated institution. We are also the
first to estimate the dynamic reactions of other local banks. We find
that the static effects of consolidation reduce small business lending,
but are mostly offset by the reactions of other banks, and in some cases
also by refocusing efforts of the consolidating institutions themselves.|
|Appears in Collections:||Economics Working Papers|
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