期刊
REVIEW OF FINANCE
卷 19, 期 5, 页码 1965-1995出版社
OXFORD UNIV PRESS
DOI: 10.1093/rof/rfu042
关键词
G21; G28; L11
Conventional wisdom holds that small banks have comparative advantages vis-A -vis large banks in serving small firms, while recent literature suggests this may not be the case. Using a panel of recent US start-ups, we investigate how small bank presence affects these firms in normal times (2004-06) and in the recent financial crisis (2007-09). We find that greater small bank presence yields significantly more lending to and slightly lower failure rates of these firms during normal times. However, these benefits disappear during the financial crisis, possibly because small banks are less diversified and benefit less from government guarantees than large banks.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据