Credit Unions and Small Business Lending

Autor:	David P. Ely, Kenneth J. Robinson
Rok vydání:	2008
Předmět:	Finance Economics and Econometrics business.industry Credit reference Financial system Small business Consolidation (business) Credit history Accounting Credit crunch Small and medium-sized enterprises business Financial services Credit card interest
Zdroj:	Journal of Financial Services Research. 35:53-80
ISSN:	1573-0735 0920-8550
DOI:	10.1007/s10693-008-0038-3
Popis:	Among the issues raised by consolidation within the banking industry is a concern that small businesses will be less able to obtain credit as community banks are acquired by larger or non-local institutions. Community banks have traditionally been a major source of funding for small businesses. The impact of bank consolidation on credit availability may depend in part on whether the remaining community institutions expand their small business lending activities. This study examines whether credit unions have a propensity to extend business loans in markets that have experienced bank merger and acquisition activity. We find some evidence that credit unions are more likely to engage in business lending in markets characterized by greater bank merger and acquisition activity. Moreover, the estimated economic significance is meaningful in many of the specifications.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::574a5c38044f747d5e941e16a504fd26 https://doi.org/10.1007/s10693-008-0038-3 Zobrazit plný text záznamu Full text from SpringerLink