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Relationship Lending and Lines of Credit in Small Firm Finance
This article examines the role of relationship lending in small firm finance. It examines price and nonprice terms of bank lines of credit extended to small firms. The focus on bank lines of creditExpand
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The Roles of Private Equity and Debt Markets in the Financial Growth Cycle
We examine the economics of financing small business in private equity and debt markets. Firms are viewed through a financial growth cycle paradigm in which different capital structures are optimalExpand
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Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions?
Over the past several years, substantial research effort has gone into measuring the efficiency of financial institutions. Many studies have found that inefficiencies are quite huge, on the order ofExpand
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The Profit-Structure Relationship in Banking--Tests of Market-Power and Efficient-Structure Hypotheses
This paper enters the debate between market-power and efficient-structure explanations of the profit-structure relationship in banking by including direct measures of X-efficiency and scaleExpand
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Efficiency of financial institutions: International survey and directions for future research
Abstract This paper surveys 130 studies that apply frontier efficiency analysis to financial institutions in 21 countries. The primary goals are to summarize and critically review empirical estimatesExpand
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The Relationship between Capital and Earnings in Banking.
Conventional wisdom in banking suggests a higher capital-asset ratio (CAR) is associated with a lower after-tax return on equity (ROE). Despite the arguments in favor of this hypothesis, data on U.S.Expand
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Efficiency of Financial Institutions: International Survey and Directions for Future Research
This paper surveys 130 studies that apply frontier efficiency analysis to financial institutions in 21 countries. The primary goals are to summarize and critically review empirical estimates ofExpand
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Problem Loans and Cost Efficiency in Commercial Banks
This paper addresses a little examined intersection between the problem loan literature and the bank efficiency literature. We employ Granger-causality techniques to test four hypotheses regardingExpand
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A more complete conceptual framework for SME finance
Abstract We propose a more complete conceptual framework for analysis of SME credit availability issues. In this framework, lending technologies are the key conduit through which government policiesExpand
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Collateral, loan quality and bank risk
Abstract Most commercial loans are made on a secured basis, yet little is known about the relationship between collateral and credit risk. Several theoretical studies find that when borrowers haveExpand
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