Do Small Banks have an Advantage in Lending? An Examination of Risk-Adjusted Yields on Business Loans at Large and Small Banks

By D. Carter, J. Mcnulty, James A. Verbrugge. 2004

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Deregulation, technological change, and the business-lending performance of large and small banks (2005, background): “This result is consistent with earlier work by Carter et al. (2004).”
Further Evidence on the Link between Finance and Growth: An International Analysis of Community Banking and Economic Performance (2003, unknown): “…1999), b) charge lower rates, earn lower yields, and require collateral less often on their SME loans (e.g., Hannan 1991, Berger and Udell 1996, Carter, McNulty, and Verbrugge 2004), c) have shorter and less exclusive relationships (Berger, Miller, Petersen, Rajan, and Stein 2002), d) base…”
Bank Size or Distance: What Hampers Innovation Adoption by SMEs? (2010, background): “Consistent with the hypothesis of a liability of size in small business lending, others found that the interest rate and collateral requirements of large banks on loans to small firms are lower than those performed by small banks (Berger and Udell 1996), as are the risk–adjusted earnings (Carter et ”