Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/149363
Authors: 
Bellucci, Andrea
Borisov, Alexander
Zazzaro, Alberto
Year of Publication: 
2016
Series/Report no.: 
IAW-Diskussionspapiere 122
Abstract: 
Academic research recognizes that the organizational structure of banks could have implications for the financing of small businesses and entrepreneurial firms. In this chapter, we start by reviewing the underlying theoretical motivation and then summarize existing evidence. Overall, it is confirmed that the organization of lending institutions is important for the use and transmission of information, as well as credit availability for small businesses. Moreover, using a unique dataset of bank loans, we empirically document that loan contract characteristics such as interest rates and collateral requirements are sensitive to the hierarchical allocation of decision-making authority within the bank's organization.
Subjects: 
Bank organization structure
Authority allocation
Small business financing
Document Type: 
Working Paper

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