Small business credit availability and relationship lending: the importance of bank organizational structure
Small business credit availability and relationship lending: the importance of bank organizational structure
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DOI：
10.17016/feds.2001.36
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发表时间：
2001
期刊：
影响因子：
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通讯作者：
Allen N. Berger;Gregory F. Udell
中科院分区：
文献类型：
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作者：
Allen N. Berger;Gregory F. Udell
本文模拟了关系型贷款的内部运作，对银行组织结构的影响，以及经济环境的冲击对小企业获得关系型信贷的影响。关系型贷款依赖于信贷员长期积累的“软”信息。由于信贷员是这些软信息的储存库，因此在整个组织中产生了代理问题，最好的解决办法是将银行构建成一个小型的、管理层很少的、控制严密的组织。分析的冲击包括技术创新，监管制度的转变，银行业整合和货币政策冲击。
This paper models the inner workings of relationship lending, the implications for bank organizational structure, and the effects of shocks to the economic environment on the availability of relationship credit to small businesses. Relationship lending depends on the accumulation over time by the loan officer of "soft" information. Because the loan officer is the repository of this soft information, agency problems are created throughout the organization that are best resolved by structuring the bank as a small, closely-held organization with few managerial layers. The shocks analyzed include technological innovations, regulatory regime shifts, banking industry consolidation, and monetary policy shocks.