| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8752 |
| 来源ID | Working Paper 8752 |
| Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks | |
| Allen N. Berger; Nathan H. Miller; Mitchell A. Petersen; Raghuram G. Rajan; Jeremy C. Stein | |
| 发表日期 | 2002-01-31 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Theories based on incomplete contracting suggest that small organizations may do better than large organizations in activities that require the processing of soft information. We explore this idea in the context of bank lending to small firms, an activity that is typically thought of as relying heavily on soft information. We find that large banks are less willing than small banks to lend to informationally 'difficult' credits, such as firms that do not keep formal financial records. Moreover, controlling for the endogeneity of bank-firm matching, large banks lend at a greater distance, interact more impersonally with their borrowers, have shorter and less exclusive relationships, and do not alleviate credit constraints as effectively. All of this is consistent with small banks being better able to collect and act on soft information than large banks. |
| 主题 | Microeconomics ; Households and Firms |
| URL | https://www.nber.org/papers/w8752 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566359 |
| 推荐引用方式 GB/T 7714 | Allen N. Berger,Nathan H. Miller,Mitchell A. Petersen,et al. Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks. 2002. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w8752.pdf（308KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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