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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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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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Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure
This paper models the inner workings of relationship lending, the implications for bank organizational structure, and the effects of shocks to the economic environment on the availability ofExpand
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The Economics of Small Business Finance: 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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Some Evidence on the Empirical Significance of Credit Rationing
This paper examines the credit rationing debate using detailed contract information on over one million commercial bank loans from 1977 to 1988. While commercial loan rates are "sticky," consistentExpand
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Small business credit availability and relationship lending: the importance of bank organizational structure
This paper models the inner workings of relationship lending, the implications for bank organizational structure, and the effects of shocks to the economic environment on the availability ofExpand
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The Effects of Bank Mergers and Acquisitions on Small Business Lending
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 meldingExpand
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Globalization of Financial Institutions: Evidence from Cross-Border Banking Performance
We address the causes, consequences, and implications of the cross-border consolidation of financial institutions by reviewing several hundred studies, providing comparative international data, andExpand
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Did Risk-Based Capital Allocate Bank Credit and Cause a 'Credit Crunch' in the United States?
This paper examines the reallocation of bank credit from loans to securities in the early 1990s using data on virtually all U.S. banks from 1979 to 1992. The authors investigate implementation ofExpand
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