The Ability Of Banks To Lend To Informationally Opaque Small Businesses

The Ability Of Banks To Lend To Informationally Opaque Small Businesses Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of The Ability Of Banks To Lend To Informationally Opaque Small Businesses book. This book definitely worth reading, it is an incredibly well-written.

The Ability of Banks to Lend to Informationally Opaque Small Businesses

N. Allen Berger
The Ability of Banks to Lend to Informationally Opaque Small Businesses Book PDF

Author : N. Allen Berger
Publisher : World Bank Publications
Page : 52 pages
File Size : 54,5 Mb
Release : 1999
Category : Electronic
ISBN : 9789080401532

Get Book

The Ability of Banks to Lend to Informationally Opaque Small Businesses by N. Allen Berger Pdf

August 2001 Large and foreign-owned institutions may have difficulty extending relationship loans to informationally opaque small firms. Bank distress does not appear to affect small business lending, although even small firms may react to bank distress by borrowing from multiple banks. Consolidation of the banking industry is shifting assets into larger institutions that often operate in many nations. Large international financial institutions are geared toward serving large wholesale customers. How does this affect the banking system's ability to lend to informationally opaque small businesses? Berger, Klapper, and Udell test hypotheses about the effects of bank size, foreign ownership, and distress on lending to informationally opaque small firms, using a rich new data set on Argentinean banks, firms, and loans. They also test hypotheses about borrowing from a single bank versus borrowing from several banks. Their results suggest that large and foreign-owned institutions may have difficulty extending relationship loans to opaque small firms, especially if small businesses are delinquent in repaying their loans. Bank distress resulting from lax prudential supervision and regulation appears to have no greater effect on small borrowers than on large borrowers, although even small firms may react to bank distress by borrowing from multiple banks, despite raising borrowing costs and destroying some of the benefits of exclusive lending relationships. This paper--a product of Finance, Development Research Group--is part of a larger effort in the group to study small and medium size firm financing. The authors may be contacted at [email protected], [email protected], or [email protected].

The Ability of Banks to Lend to Informationally Opaque Small Businesses

Allen N. Berger
The Ability of Banks to Lend to Informationally Opaque Small Businesses Book PDF

Author : Allen N. Berger
Publisher : Unknown
Page : 47 pages
File Size : 50,6 Mb
Release : 2004
Category : Electronic
ISBN : OCLC:1291245937

Get Book

The Ability of Banks to Lend to Informationally Opaque Small Businesses by Allen N. Berger Pdf

Large and foreign-owned institutions may have difficulty extending relationship loans to informationally opaque small firms. Bank distress does not appear to affect small business lending, although even small firms may react to bank distress by borrowing from multiple banks.Consolidation of the banking industry is shifting assets into larger institutions that often operate in many nations. Large international financial institutions are geared toward serving large wholesale customers. How does this affect the banking system's ability to lend to informationally opaque small businesses?Berger, Klapper, and Udell test hypotheses about the effects of bank size, foreign ownership, and distress on lending to informationally opaque small firms, using a rich new data set on Argentinean banks, firms, and loans. They also test hypotheses about borrowing from a single bank versus borrowing from several banks.Their results suggest that large and foreign-owned institutions may have difficulty extending relationship loans to opaque small firms, especially if small businesses are delinquent in repaying their loans.Bank distress resulting from lax prudential supervision and regulation appears to have no greater effect on small borrowers than on large borrowers, although even small firms may react to bank distress by borrowing from multiple banks, despite raising borrowing costs and destroying some of the benefits of exclusive lending relationships.This paper - a product of Finance, Development Research Group - is part of a larger effort in the group to study small and medium size firm financing. The authors may be contacted at [email protected], [email protected], or [email protected].

Ability of Banks to Lend to Informationally Opaque Small Businesses

N. Allen Berger
Ability of Banks to Lend to Informationally Opaque Small Businesses Book PDF

Author : N. Allen Berger
Publisher : Unknown
Page : 0 pages
File Size : 52,5 Mb
Release : 1999
Category : Electronic
ISBN : OCLC:1017902462

Get Book

Ability of Banks to Lend to Informationally Opaque Small Businesses by N. Allen Berger Pdf

August 2001 Large and foreign-owned institutions may have difficulty extending relationship loans to informationally opaque small firms. Bank distress does not appear to affect small business lending, although even small firms may react to bank distress by borrowing from multiple banks. Consolidation of the banking industry is shifting assets into larger institutions that often operate in many nations. Large international financial institutions are geared toward serving large wholesale customers. How does this affect the banking system's ability to lend to informationally opaque small businesses? Berger, Klapper, and Udell test hypotheses about the effects of bank size, foreign ownership, and distress on lending to informationally opaque small firms, using a rich new data set on Argentinean banks, firms, and loans. They also test hypotheses about borrowing from a single bank versus borrowing from several banks. Their results suggest that large and foreign-owned institutions may have difficulty extending relationship loans to opaque small firms, especially if small businesses are delinquent in repaying their loans. Bank distress resulting from lax prudential supervision and regulation appears to have no greater effect on small borrowers than on large borrowers, although even small firms may react to bank distress by borrowing from multiple banks, despite raising borrowing costs and destroying some of the benefits of exclusive lending relationships. This paper--a product of Finance, Development Research Group--is part of a larger effort in the group to study small and medium size firm financing. The authors may be contacted at [email protected], [email protected], or [email protected].

A More Complete Conceptual Framework for Financing of Small and Medium Enterprises

Allen N. Berger,Gregory F. Udell
A More Complete Conceptual Framework for Financing of Small and Medium Enterprises Book PDF

Author : Allen N. Berger,Gregory F. Udell
Publisher : World Bank Publications
Page : 31 pages
File Size : 43,7 Mb
Release : 2005
Category : Commercial credit
ISBN : 8210379456XXX

Get Book

A More Complete Conceptual Framework for Financing of Small and Medium Enterprises by Allen N. Berger,Gregory F. Udell Pdf

The authors propose a more complete conceptual framework for analysis of credit availability for small and medium enterprises (SMEs). In this framework, lending technologies are the key conduit through which government policies and national financial structures affect credit availability. They emphasize a causal chain from policy to financial structures which affect the feasibility and profitability of different lending technologies. These technologies, in turn, have important effects on SME credit availability. Financial structures include the presence of different financial institution types and the conditions under which they operate. Lending technologies include several transactions technologies, plus relationship lending. The authors argue that the framework implicit in most of the literature is oversimplified, neglects key elements of the chain, and often yields misleading conclusions. A common oversimplification is the treatment of transactions technologies as a homogeneous group, unsuitable for serving informationally opaque SMEs, and a frequent misleading conclusion is that large institutions are disadvantaged in lending to opaque SMEs.

Expanding Access to Finance

Anonim
Expanding Access to Finance Book PDF

Author : Anonim
Publisher : World Bank Publications
Page : 122 pages
File Size : 53,8 Mb
Release : 2007-01-01
Category : Social Science
ISBN : 9780821371787

Get Book

Expanding Access to Finance by Anonim Pdf

This book's prime audience is government policy-makers. It provides a policy framework for governments to increase micro, small and medium enterprises' access to financial services?one which is based on empirical evidence from around the world. Financial sector policies in many developing countries often work against the ability of commercial financial institutions to serve this market segment, albeit, often unintentionally. The framework guides governments on how to best focus scarce resources on three things: ? developing an inclusive financial sector policy; ? building healthy financial ins

Does IT Help? Information Technology in Banking and Entrepreneurship

Toni Ahnert,Sebastian Doerr,Mr. Nicola Pierri,Mr. Yannick Timmer
Does IT Help Information Technology in Banking and Entrepreneurship Book PDF

Author : Toni Ahnert,Sebastian Doerr,Mr. Nicola Pierri,Mr. Yannick Timmer
Publisher : International Monetary Fund
Page : 57 pages
File Size : 44,5 Mb
Release : 2021-08-06
Category : Business & Economics
ISBN : 9781513591803

Get Book

Does IT Help? Information Technology in Banking and Entrepreneurship by Toni Ahnert,Sebastian Doerr,Mr. Nicola Pierri,Mr. Yannick Timmer Pdf

This paper analyzes the importance of information technology (IT) in banking for entrepreneurship. To guide our empirical analysis, we build a parsimonious model of bank screening and lending that predicts that IT in banking can spur entrepreneurship by making it easier for startups to borrow against collateral. We provide empirical evidence that job creation by young firms is stronger in US counties that are more exposed to ITintensive banks. Consistent with a strengthened collateral lending channel for IT banks, entrepreneurship increases more in IT-exposed counties when house prices rise. In line with the model's implications, IT in banking increases startup activity without diminishing startup quality and it also weakens the importance of geographical distance between borrowers and lenders. These results suggest that banks' IT adoption can increase dynamism and productivity.

Bank Lending to Small Businesses in Latin America

Anonim
Bank Lending to Small Businesses in Latin America Book PDF

Author : Anonim
Publisher : World Bank Publications
Page : 42 pages
File Size : 42,7 Mb
Release : 2002
Category : Bancos - America Latina
ISBN : 8210379456XXX

Get Book

Bank Lending to Small Businesses in Latin America by Anonim Pdf

Do foreign banks lend less to small and medium enterprises than domestic banks in Developing countries? Analysis of data from four countries in Latin America suggests that although small foreign banks lend less than small domestic banks, the difference for large banks is considerably less.

Bank Lending in the Knowledge Economy

Mr.Giovanni Dell'Ariccia,Dalida Kadyrzhanova,Ms.Camelia Minoiu,Mr.Lev Ratnovski
Bank Lending in the Knowledge Economy Book PDF

Author : Mr.Giovanni Dell'Ariccia,Dalida Kadyrzhanova,Ms.Camelia Minoiu,Mr.Lev Ratnovski
Publisher : International Monetary Fund
Page : 45 pages
File Size : 50,9 Mb
Release : 2017-11-07
Category : Business & Economics
ISBN : 9781484324899

Get Book

Bank Lending in the Knowledge Economy by Mr.Giovanni Dell'Ariccia,Dalida Kadyrzhanova,Ms.Camelia Minoiu,Mr.Lev Ratnovski Pdf

We study bank portfolio allocations during the transition of the real sector to a knowledge economy in which firms use less tangible capital and invest more in intangible assets. We show that, as firms shift toward intangible assets that have lower collateral values, banks reallocate their portfolios away from commercial loans toward other assets, primarily residential real estate loans and liquid assets. This effect is more pronounced for large and less well capitalized banks and is robust to controlling for real estate loan demand. Our results suggest that increased firm investment in intangible assets can explain up to 20% of bank portfolio reallocation from commercial to residential lending over the last four decades.

The Entrepreneurial Society

Jean Bonnet,Domingo García Pérez De Lema,Howard E. Van Auken
The Entrepreneurial Society Book PDF

Author : Jean Bonnet,Domingo García Pérez De Lema,Howard E. Van Auken
Publisher : Edward Elgar Publishing
Page : 269 pages
File Size : 52,5 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9781849806480

Get Book

The Entrepreneurial Society by Jean Bonnet,Domingo García Pérez De Lema,Howard E. Van Auken Pdf

This timely book analyses the emergence of new firms in a broad context where economics, management and sociological approaches may be joined for a new perspective. The Entrepreneurial Society reveals that the market benefits of an entrepreneurial economy are evident in the new technology that has been made available to consumers over the past ten to 20 years. It illustrates that entrepreneurial firms provide the market with innovations that create new products and, in turn, generate new employment and tax revenue, thus playing a critical role in surviving the economic crisis. The expert contributors explore the diverse conditions that explain, permit and support entrepreneurship, allowing thinking outside the box and enhancing breakthrough innovations. At a time when new challenges relating to the ecological footprint are appearing, this work will prove crucial. The eclectic approaches to entrepreneurship within this book, gathered from different countries and fields of research, will prove to be hotly sought after by researchers and postgraduate students of entrepreneurship and social policy.

The Building Society Promise

Antoninus Samy
The Building Society Promise Book PDF

Author : Antoninus Samy
Publisher : Oxford University Press
Page : 321 pages
File Size : 41,9 Mb
Release : 2016
Category : Business & Economics
ISBN : 9780198787808

Get Book

The Building Society Promise by Antoninus Samy Pdf

The permanent building societies of England grew from humble beginnings as a multitude of small and localized institutions in the nineteenth century to become the dominant players in the house mortgage market by the inter-war period. Throughout the nineteenth and early-twentieth centuries, the movement cultivated an image of being a champion of home ownership for the working classes, but housing historians have questioned whether building societies really lived up to this claim. This study fills a major gap in the historiography of the movement by investigating the class profile of building society members, and how the design of different building societies affected their accessibility, efficiency, and risk-taking practices between 1880 and 1939. These themes are explored using case studies of several building societies from this period and drawing upon extensive archival records. The Building Society Promise shows that building societies did lend to working-class households before the First and Second World Wars, with some societies showing a greater commitment to working-class home ownership than others. What ultimately affected the outreach of individual societies was the quality of information they possessed, which in turn was largely determined by the types of agency networks they used to find and select borrowers. The phenomenal growth of some of these institutions in the inter-war period, however, and the ensuing competition which emerged between them, brought about profound changes in their firm structure which impaired their ability to reach out to lower-income households as efficiently as before. The findings of this research are relevant to both past and present debates about the optimal design of financial institutions in overcoming social exclusion in credit markets, and the deleterious effects that firm growth, market competition, and managerial self-interest can have on their performance and stability.

The Oxford Handbook of Banking, Second Edition

Allen N. Berger,Philip Molyneux,John O. S. Wilson
The Oxford Handbook of Banking Second Edition Book PDF

Author : Allen N. Berger,Philip Molyneux,John O. S. Wilson
Publisher : OUP Oxford
Page : 1356 pages
File Size : 40,7 Mb
Release : 2014-11-27
Category : Business & Economics
ISBN : 9780191002205

Get Book

The Oxford Handbook of Banking, Second Edition by Allen N. Berger,Philip Molyneux,John O. S. Wilson Pdf

The Oxford Handbook of Banking, Second Edition provides an overview and analysis of developments and research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, regulators, and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner, and policy-related material. The Handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their corporate governance and risk management practices. Part II deals with Bank Operations and Performance. A range of issues are covered including bank performance, financial innovation, and technological change. Aspects relating to small business, consumer, and mortgage lending are analysed together with securitization, shadow banking, and payment systems. Part III entitled Regulatory and Policy Perspectives discusses central banking, monetary policy transmission, market discipline, and prudential regulation and supervision. Part IV of the book covers various Macroeconomic Perspectives in Banking. This part includes a discussion of systemic risk and banking and sovereign crises, the role of the state in finance and development as well as how banks influence real economic activity. The final Part V examines International Differences in Banking Structures and Environments. This part of the Handbook examines banking systems in the United States, European Union, Japan, Africa, Transition countries, and the developing nations of Asia and Latin America.

Utilization of Soft Information on Bank Performance

Tadanori Yosano,Takayoshi Nakaoka
Utilization of Soft Information on Bank Performance Book PDF

Author : Tadanori Yosano,Takayoshi Nakaoka
Publisher : Springer
Page : 110 pages
File Size : 43,7 Mb
Release : 2019-07-20
Category : Business & Economics
ISBN : 9789811384721

Get Book

Utilization of Soft Information on Bank Performance by Tadanori Yosano,Takayoshi Nakaoka Pdf

This book explores the effects of soft information utilization in the decision process for lenders, especially concerning small and medium-sized enterprises (SMEs) in regional markets. This study is one of the first to use questionnaire survey data from lender representatives, and analyzes the relationship between the financial metrics of a lender’s performance and soft information factors in inter-bank competition. The authors’ empirical results suggest that utilizing soft information allows banks to attain a more precise lending decision. The Financial Services Agency in Japan introduced an action program in 2003 that requires regional banks to shift from transaction banking to relationship lending. Against that background, this book examines the influence of relationship lending on a lender’s performance. This study found that relationship lending allows lenders to charge a higher premium to counteract the high risk involved with SMEs. The book also examines how relationship lending affects lending performance in inter-bank competition. The conclusion is that, even though inter-bank competition has negative effects, a bank in a competitive local market can acquire an informational advantage to limit its own loss. This book categorizes three soft information factors: organizational systems, networks or alliances/partnerships, and business/management leadership based on survey data. The authors’ findings suggest that information production, especially network and business/leadership information, plays an essential role in promoting a bank’s profitability. These effects are strong even when banks face high inter-bank competition. Relationship lending not only improves bankers’ lending techniques, but also fosters and enhances their community knowledge and enables them to survive in a highly competitive market.

The Oxford Handbook of Banking

Allen N. Berger,Philip Molyneux,John O. S. Wilson
The Oxford Handbook of Banking Book PDF

Author : Allen N. Berger,Philip Molyneux,John O. S. Wilson
Publisher : Oxford University Press
Page : 1328 pages
File Size : 47,5 Mb
Release : 2019-10-31
Category : Business & Economics
ISBN : 9780192558084

Get Book

The Oxford Handbook of Banking by Allen N. Berger,Philip Molyneux,John O. S. Wilson Pdf

The Oxford Handbook of Banking, Third Edition provides an overview and analysis of developments and research in this rapidly evolving field. Aimed at graduate students of economics, banking, and finance; academics; practitioners; regulators; and policy makers, it strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material. Split into five distinct parts The Oxford Handbook of Banking is a one-stop source of relevant research in banking. It examines the theory of banking, bank operations and performance, regulatory and policy perspectives, macroeconomic perspectives in banking, and international differences in banking structures and environments. Taking a global perspective it examines banking systems in the United States, China, Japan, Australia and New Zealand, Africa, the European Union, transition countries of Europe, and Latin America. Thematic issues covered include financial innovation and technological change; consumer and mortgage lending; Islamic banking; and how banks influence real economic activity. Fully revised and now including brand new chapters on a range of geographical regions, bank bailouts and bail-ins, and behavioral economics amongst many other topics, this third edition of The Oxford Handbook of Banking provides readers with insights to seminal and contemporary research in banking and an opportunity to learn about the diversity of financial systems around the world.

New Interpretations on the Development of China’s Non-Governmental Enterprises

Yingqiu Liu
New Interpretations on the Development of China s Non Governmental Enterprises Book PDF

Author : Yingqiu Liu
Publisher : Springer
Page : 340 pages
File Size : 46,8 Mb
Release : 2017-05-18
Category : Business & Economics
ISBN : 9789811038723

Get Book

New Interpretations on the Development of China’s Non-Governmental Enterprises by Yingqiu Liu Pdf

This book describes and analyzes the new problems and challenges faced by China's non-governmental enterprises. In the post-WTO era, which has been particularly affected by the international financial crisis, there will be many problems and challenges that need to be faced in the development of non-governmental enterprises. In order to achieve sustainable economic and social development it is especially important to promote non-governmental enterprises. The book demonstrates the necessity and urgency of China's non-governmental enterprises’ organizational innovation, technological innovation, management innovation and promotion of international development. Finally it proposes strategic choices and suggestions to achieve greater development of China's non-governmental enterprises.​

Contemporary Topics in Finance

Iris Claus,Leo Krippner
Contemporary Topics in Finance Book PDF

Author : Iris Claus,Leo Krippner
Publisher : John Wiley & Sons
Page : 400 pages
File Size : 45,5 Mb
Release : 2019-04-29
Category : Business & Economics
ISBN : 9781119565161

Get Book

Contemporary Topics in Finance by Iris Claus,Leo Krippner Pdf

The literature surveys presented in this edited volume provide readers with up-to-date reviews on eleven contemporary topics in finance. Topics include unconventional monetary policy, implicit bank guarantees, and financial fraud - all linked to the exceptional event of the Global Financial Crisis Explores how recent studies on inflation risk premia and finance and productivity have benefitted from new empirical methods and the availability of relevant data Demonstrates how angel investing, venture capital, relationship lending and microfinance have benefitted from increased research as they have become more seasoned Investigates crowdfunding and crypto-currencies which have both arisen from recent technological developments