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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/27109
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| Title: | Universal Banking and the Future of Small Business Lending |
| Authors: | Berger, Allen N.
Udell, Gregory F. |
| Keywords: | bank
universal
loan
collateral |
| Issue Date: | 1995 |
| Series/Report no.: | FIN-95-009 |
| Abstract: | We examine the contention that as banks become larger and more
organizationally complex – i.e., more like universal banks –
they may reduce the supply of credit to small business borrowers. This
would be consistent with an effort to reduce Williamson-type managerial
diseconomies in providing services for large and small borrowers
jointly. We investigate the empirical association of loan price and
quantity with bank size and complexity, using a data set with over
900,00 bank loans. The data support the proposition that larger, more
complex banks may reduce the supply of small business lending, although
other institutions may replace many of these loans. |
| URI: | http://hdl.handle.net/2451/27109 |
| Appears in Collections: | Finance Working Papers
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