Business Loan Costs and Bank Market Structure: an Empirical Estimate of Their Relations PDF Download
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Author: Donald P. Jacobs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 124
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Book Description
An attempt to supply and empirical estimate of the relationship of market structure to the performance of banks in supplying services to business.
Author: Donald P. Jacobs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 124
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Book Description
An attempt to supply and empirical estimate of the relationship of market structure to the performance of banks in supplying services to business.
Author: Donald P. Jacobs
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Allen N. Berger
Publisher:
ISBN:
Category : Bank loans
Languages : en
Pages : 52
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The empirical research literature regarding the effects of market structure on small business lending has yielded ambiguous results. This paper empirically tests for the presence of countervailing effects of increases in market concentration on small business loan volume. Countervailing effects would be expected if both the traditional Structure, Conduct, Performance (SCP) paradigm of industrial organization and a paradigm whereby market power benefits the formation of lending relationships (the relationship hypothesis), are at work. Using Community Reinvestment Act (CRA) data on small loans to small businesses, it is found that, on average, across MSAs, SCP effects dominate. But, as predicted by the relationship hypothesis, the negative effects of increases in concentration on small business loan volume are weaker, the greater the presence of young firms and the higher the business failure rate. Relationship effects due to business failure appear to come from highly concentrated MSAs. Endogeneity concerns are further addressed with the estimation of a regression that separates out the effects of changes in the number of lenders from the effects of changes in the sum of squared deviations of market shares.
Author: Mr.Giovanni Dell'Ariccia
Publisher: International Monetary Fund
ISBN: 1484324897
Category : Business & Economics
Languages : en
Pages : 45
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Book Description
We study bank portfolio allocations during the transition of the real sector to a knowledge economy in which firms use less tangible capital and invest more in intangible assets. We show that, as firms shift toward intangible assets that have lower collateral values, banks reallocate their portfolios away from commercial loans toward other assets, primarily residential real estate loans and liquid assets. This effect is more pronounced for large and less well capitalized banks and is robust to controlling for real estate loan demand. Our results suggest that increased firm investment in intangible assets can explain up to 20% of bank portfolio reallocation from commercial to residential lending over the last four decades.
Author: Allen N. Berger
Publisher:
ISBN:
Category :
Languages : en
Pages : 31
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Book Description
Market size structure refers to the distribution of shares of different size classes of local market participants, where the sizes are inclusive of assets both within and outside the local market. We apply this new measure of market structure in two empirical analyses of the U.S. banking industry to address concerns regarding the effects of the consolidation in banking. Our quantity analysis of the likelihood that small businesses borrow from large versus small banks and our small business loan price analysis that includes market size structure as well as conventional measures yield very different findings from most of the literature on bank size and small business lending. Our results do not suggest a significant net advantage or disadvantage for large banks in small business lending overall, or in lending to informationally opaque small businesses in particular. We argue that the prior research that excluded market size structure may be misleading and offer some likely explanations of why our results differ.
Author: Donald T. Savage
Publisher:
ISBN:
Category : Bank loans
Languages : en
Pages : 48
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Book Description
Author:
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 880
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Book Description
Publishes across all the major fields of financial research. The most widely cited academic journal on finance and one of the most widely cited journals in economics as well.
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 548
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Book Description
Author: Arnold A. Heggestad
Publisher: Routledge
ISBN: 1000308731
Category : Political Science
Languages : en
Pages : 293
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Book Description
In the many studies that have been conducted on the provision of financial services for consumers, regulation has emerged as one of the most important factors. The impact of regulation on financial service industries is a major focus of this comprehensive bibliography of relevant source materials in the field of regulatory economics. The bibliography includes entries from the major economics and finance journals published over the past twenty years, major law and business journals,government documents, books, and doctoral dissertations--all indexed according to subject matter--as well as abstracts of many of the papers.The product of extensive research, Heggestad's work is invaluable to university libraries, regulatory agencies, financial institutions, and financial experts, and is an efficient and essential reference tool for anyone wishing to study specific markets and the impact of financial regulation on them.
