Small Business and the Value of Community Financial Institutions

By J. Scott. 2004

196 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/e10a7fe6bc7b40b7957df4fac0dd0eede9b39b2c

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Citations in the corpus

Competition and Relationship Lending: Friends or Foes? (2011, unknown): “Cole et al. (2004) and Scott (2004) found that large banks in the USA rely heavily on hard information about ﬁrm ﬁnancial statements in deciding on loan approvals, while small banks base their decisions also on soft information informally gathered through repeated face-to-face contacts with…”
Bank Size or Distance: What Hampers Innovation Adoption by SMEs? (2010, background): “For example, there is evidence that large, hierarchical banks rely more on hard information, credit–scoring technologies and impersonal modes of interaction than small banks do (Scott, 2004; Berger and Frame, 2005; Uchida, Udell and Yamori, 2006).”
Commercial Lending and Distance: Evidence from Community Reinvestment Act Data (2004, result): “Cole, Goldberg, and White (2004), Scott (2004), and Berger et al. (forthcoming) all report findings consistent with the notion that small banks lend disproportionately to informationally “opaque” firms for which soft information must be evaluated, while large banks tend to lend disproportionately…”
Bank Loan Availability and Trade Credit Demand (2004, methodology): “For example, Scott (2004) argued that small banks (community financial institutions) have a comparative advantage in producing soft information (e.g., information about the character of a firm’s owner), which is essential for evaluating loan requests from informationally opaque firms.”
Does bankruptcy law improve the fate of distressed firms? The role of credit channels (2020, background): “In this regard, Berger and Udell (2006) show that large institutions tend to lend to larger firms, while small institutions lend more to smaller firms based on stronger bank-firm relationships (Haynes et al., 1999; Cole et al., 2004; Scott, 2004; Berger et al., 2005).”
Deregulation, technological change, and the business-lending performance of large and small banks (2005, background): “Recent evidence suggests that community-banking institutions have a niche in generating soft information that is rated highly by small firms (Scott, 2004).”
The Past, Present, and Probable Future for Community Banks (2004, unknown): “31 See Berger and Udell (2002) and Scott (2004) for analyses of the importance of the borrower-loan officer relationship in relationship lending.”
Bargaining power and information in SME lending (2010, background): “The issue also has important implications for firms borrowing from banks and for risk management, including incentive problems inside banks (e.g., Udell 1989; Stein 2002; Scott 2004; Liberti and Mian 2009; Hertzberg et al. 2010).”
A more complete conceptual framework for SME finance (2006, background): “…older SMEs with stronger financial ratios, and small institutions are found to rely more on soft information and lend to SMEs with which they have stronger relationships (e.g., Haynes, Ou, and Berney 1999, Cole, Goldberg, and White 2004, Scott 2004, Berger, Miller, Petersen, Rajan, and Stein 2005).”
Do Small Businesses Still Prefer Community Banks (2013, background): “…with small, young firms with little hard information available and conversely for relationships with large, mature firms with more hard information available (e.g., Haynes, Ou, and Berney 1999, Cole, Goldberg, and White 2004, Scott 2004, Berger, Miller, Petersen, Rajan, and Stein 2005).”
Innovation, SMEs and the liability of distance: the demand and supply of bank funding in UK peripheral regions (2016, background): “The more hierarchically organized and distant (both physically and culturally) banks are from local economies, the more problematic are channels of communication (Berger and Udell, 2002; Stein, 2000; Scott, 2004).”
Bank Size and Lending Relationships in Japan (2008, result): “A number of papers have found empirical evidence consistent with this theory particularly in the U.S. context (e.g., Cole, Goldberg and White 2004, Scott 2004, Berger, Miller, Petersen, Rajan and Stein 2005).”
A More Complete Conceptual Framework for Financing of Small and Medium Enterprises (2005, background): “…older SMEs with stronger financial ratios, and small institutions are found to rely more on soft information and lend to SMEs with which they have stronger relationships (e.g., Haynes, Ou, and Berney 1999, Cole, Goldberg, and White 2004, Scott 2004, Berger, Miller, Petersen, Rajan, and Stein 2005).”
Borrower–lender distance, credit scoring, and loan performance: Evidence from informational-opaque small business borrowers (2008, background): “…informational opacity precludes them access to public capital markets, seek out local bank lenders whose geographic proximity allows them to observe and accumulate the “soft,” non-quantitative information necessary to assess these firms’ creditworthiness (Meyer, 1998; Stein, 2002; Scott, 2004).”
SME Financing and the Choice of Lending Technology in Italy: Complementarity or Substitutability? (2013, unknown): “In order to construct a proxy variable for the use of soft information we consider a methodology similar to that used in Scott (2004) and Uchida et al.”
Bank size, lending technologies, and small business finance (2011, background): “Some empirical research confirms the comparative advantages of large banks in hard-information lending (e.g., Cole et al., 2004; Scott, 2004; Berger et al., 2005c).”