Add to ORKGThe paper investigates small business lending as an information problem. It models the effects of information asymmetries within the bank combined with fixed wages. Two kinds of inefficiencies arise in equilibrium: the credit officer either sometimes shirks or he is occasionally fired. In both cases lending falls below the first-best level. The solution, when the bank accepts the information asymmetries, is called the centralized structure. Under decentralized structure the bank employs additional supervisors to mitigate the information asymmetries within its organization. Decentralized banks manage to finance more small firms, but incur higher costs than centralized ones. Small banks are interpreted as a bank with relatively few credit off...
We examine the contention that as banks become larger and more organizationally complex – i.e., more...
This paper assesses different organizational forms in terms of their ability to generate information...
I tests whether the market for small business lending is integrated by examining the exposure of dif...
This paper investigates the recent developments in the banking industry that are impacting small bus...
This paper empirically explores the impact of bank size, holding company affiliation and the degree ...
Small banks are a major source of credit for small businesses. As banking consolidation continues, w...
In this study, we use firm-level data from the 1993 National Survey of Small Business Finances to te...
This paper explores different organizational forms in terms of their ability to generate information...
Consolidation of the banking industry is shifting assets into larger institutions that often operate...
In theory commercial banks exist to resolve asymmetric information problems in credit markets. Becau...
In this paper, we examine the impact of mergers among German savings banks on the extent to which th...
A vast literature has emphasized that small banks are at a comparative advantage in small business l...
This paper examines how bank competition affects the amount of credit provided to small businesses u...
Relaxation of the rules governing where banks can expand and new technologies for providing banking ...
This paper examines how banking market concentration affects small businesses finance. Using the Sur...
We examine the contention that as banks become larger and more organizationally complex – i.e., more...
This paper assesses different organizational forms in terms of their ability to generate information...
I tests whether the market for small business lending is integrated by examining the exposure of dif...
This paper investigates the recent developments in the banking industry that are impacting small bus...
This paper empirically explores the impact of bank size, holding company affiliation and the degree ...
Small banks are a major source of credit for small businesses. As banking consolidation continues, w...
In this study, we use firm-level data from the 1993 National Survey of Small Business Finances to te...
This paper explores different organizational forms in terms of their ability to generate information...
Consolidation of the banking industry is shifting assets into larger institutions that often operate...
In theory commercial banks exist to resolve asymmetric information problems in credit markets. Becau...
In this paper, we examine the impact of mergers among German savings banks on the extent to which th...
A vast literature has emphasized that small banks are at a comparative advantage in small business l...
This paper examines how bank competition affects the amount of credit provided to small businesses u...
Relaxation of the rules governing where banks can expand and new technologies for providing banking ...
This paper examines how banking market concentration affects small businesses finance. Using the Sur...
We examine the contention that as banks become larger and more organizationally complex – i.e., more...
This paper assesses different organizational forms in terms of their ability to generate information...
I tests whether the market for small business lending is integrated by examining the exposure of dif...