| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29284 |
| 来源ID | Working Paper 29284 |
| Bank Mergers, Acquirer Choice and Small Business Lending: Implications for Community Investment | |
| Bernadette A. Minton; Alvaro G. Taboada; Rohan Williamson | |
| 发表日期 | 2021-09-27 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We examine the effects of bank merger and local market characteristics on local small business lending. Mergers involving small, in-state acquirers are positively associated with small business loan (SBL) originations in counties where target banks are located. Conversely, mergers involving large, out-of-state acquirers are associated with fewer SBL originations. The analysis suggests that the results are driven by acquirer’s choice of target. Small and in-state acquirers target banks that focus more on SBL and targets with strong relationships while large, out-of-state acquirers pursue better performing banks with stronger balance sheets and less focus on SBL. Results are particularly strong in counties with a large number of small firms. Post-merger activity supports banks expanding on their acquisition strategy decisions. The findings suggest that acquirer strategy is important for evaluating the impact of acquisitions on local community development and that one-size-fits-all policy solutions for bank mergers may not produce common local outcomes. |
| 主题 | Financial Economics ; Financial Institutions ; Corporate Finance ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w29284 |
| 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/586958 |
| 推荐引用方式 GB/T 7714 | Bernadette A. Minton,Alvaro G. Taboada,Rohan Williamson. Bank Mergers, Acquirer Choice and Small Business Lending: Implications for Community Investment. 2021. |
| 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 | ||
| w29284.pdf（1265KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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