Bank Consolidation and Soft Information Acquisition in Small Business Lending
Bank Consolidation and Soft Information Acquisition in Small Business Lending
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DOI：
10.1007/s10693-013-0163-5
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发表时间：
2014-04
影响因子：
1.4
通讯作者：
Yoshiaki Ogura;H. Uchida
中科院分区：
文献类型：
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作者：
Yoshiaki Ogura;H. Uchida
我们实证检验了银行合并对银行获取借款人软信息的影响。通过对小企业融资数据的分析，发现小银行合并对软信息获取有负面影响，而大银行合并对软信息获取没有影响。我们还发现一些证据表明，在合并后，而不是合并后的成本削减，组织复杂性的增加，可能会造成负面和重大影响的软信息收购的小银行。这些发现与组织理论相一致，该理论预测简单和扁平化的组织在获取和处理软信息方面具有比较优势。
We empirically examine the impact of bank consolidation on bank acquisition of soft information about borrowers. Using a dataset of small business financing, we find that mergers of small banks have a negative impact on soft information acquisition, whereas mergers of large banks have no impact. We also find some evidence that an increase in organizational complexity upon a merger, rather than a post-merger cost-cut, is likely to cause a negative and significant impact on soft information acquisition by small banks. These findings are consistent with the organizational theory that predicts a comparative advantage of simple and flat organizations in acquiring and processing soft information.