Do bank internal capital markets promote lending?
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What was most important for lending by affiliated banks was the financial condition of their holding company.
“Instead, what was most important for lending by aliated banks was the ®nancial condition of their holding company (Houston et al., 1997;Houston and James, 1998).”
From The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998) · cites this paper as Houston and James, 1998
Loan growth was less constrained by the bank's financial condition if the bank was part of a multibank holding company than if it was unaffiliated.
“Supporting this view, it was found that loan growth was less constrained by the bank's ®nancial condition if the bank was part of a multibank holding company than if it was unaliated.”
From The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998) · cites this paper as Houston and James, 1998
Cites
No references could be resolved yet.
Research works printed but not linked: 17
- Berger, A.N., 1997. The efficiency effects of bank mergers and acquisitions: A preliminary look at the 1990s data. In: Bank Mergers and Acquisitions. Kluwer Academic Publishers, Boston, MA, forthcoming · DOI
- Berger, 1995, The transformation of the US banking industry: What a long, strange trip it's been, Brookings Papers on Economic Activity, 2, 55, 10.2307/2534612 · DOI
- Berger, 1995, Relationship lending and lines of credit in small firm finance, The Journal of Business, 68, 351, 10.1086/296668 · DOI
- Berger, A.N., Saunders, A., Scalise, J.M., Udell, G.F., 1998. The effects of bank mergers and acquisitions on small business lending. Journal of Financial Economics 50, forthcoming · DOI
- Boyd, J.H., Graham, S.L., 1996. Consolidation in US banking: Implications for efficiency and risk. Working paper. Federal Reserve Bank of Minneapolis · DOI
- Fazzari, 1988, Financing constraints and corporate investment, Brookings Papers on Economic Activity, 1, 141, 10.2307/2534426 · DOI · Paper page
- Houston, J.F., James, C., Marcus, D., 1997. Capital market frictions and the role of internal capital markets in banking. Journal of Financial Economics 46, 135–164 · DOI · Paper page
- Houston, 1996, Evolution or extinction: Where are banks headed?, Journal of Applied Corporate Finance, 9, 8, 10.1111/j.1745-6622.1996.tb00112.x · DOI
- Houston, 1994, The overall gains from large bank mergers, Journal of Banking and Finance, 18, 1155, 10.1016/0378-4266(94)00065-4 · DOI
- Kashyap, A., Stein, J., 1997. The million bank march: A new look at the monetary transmission mechanism. Working paper series, no. 6056. National Bureau of Economic Research Inc. Cambridge, MA · DOI
- Keeton, 1996, Do bank mergers reduce lending to businesses and farmers? new evidence from tenth district states, Federal Reserve Bank of Kansas City Economic Review, 81, 63
- Lamont, O., 1997. Cashflow and investment: Evidence from internal capital markets. Journal of Finance 52, 83–109 · DOI
- Peek, J., Rosengen, E.S., 1998. Bank consolidation and small business lending: It's not just bank size that matters. Journal of Banking and Finance 22, 799–819, this issue · DOI
- Petersen, 1994, The benefits of lending relationships: Evidence from small business data, The Journal of Finance, 49, 3, 10.2307/2329133 · DOI
- Scharfstein, D.C., Stein, J.C., 1997. The dark side of internal capital markets: Divisional rent-seeking and inefficient investment. Working paper 5969. National Bureau of Economic Research, Cambridge, MA · DOI
- Stein, J.C., 1997. Internal capital markets and the competition for corporate resources. Journal of Finance 52, 111–133 · DOI
- Walter, 1991, Loan loss reserves, Federal Reserve Bank of Richmond Economic Review, 77, 20
Cited by
Sorted by citations
N. Berger, A., & F. Udell, G. (1998) · Journal of Banking & Finance · doi:10.1016/s0378-4266(98)00038-7 · Cited by 3,690 · see citing works
- Authors
- Houston, J. F., & James, C.
- Affiliations
- University of Florida (US)
- Corresponding author
- Houston, Joel F.
- Venue
- Journal of Banking & Finance
- Publisher
- Elsevier BV
- Published
- 1998-08
- Volume
- 22
- Issue
- 6-8
- Pages
- 899-918
- ISSN
- 0378-4266 (ISSN-L)
- OpenAlex
- W2166604184
- Cited by
- 156
- References
- 0
- Citations by year
- 2026: 1 · 2025: 1 · 2024: 2 · 2023: 2 · 2022: 4 · 2021: 6 · 2020: 7 · 2019: 3 · 2018: 10 · 2017: 5 · 2016: 11 · 2015: 5 · 2014: 5 · 2013: 8 · 2012: 14
- FWCI
- 8.15
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Banking & Finance (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Banking stability, regulation, efficiency
- Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
- Social Sciences › Economics, Econometrics and Finance › Finance › Banking Systems and Strategies
- Keywords
- bank holding companies, bank lending, credit growth, bank capital, bank liquidity, bank consolidation, local market conditions
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