The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Does Distance Still Matter? The Information Revolution in Small Business Lending
Abstract
The distance between small firms and their lenders is increasing, and they are communicating in more impersonal ways. After documenting these systematic changes, we demonstrate they do not arise from small firms locating differently, consolidation in the banking industry, or biases in the sample. Instead, improvements in lender productivity appear to explain our findings. We also find distant firms no longer have to be the highest quality credits, indicating they have greater access to credit. The evidence indicates there has been substantial development of the financial sector, even in areas such as small business lending.
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Cites
Financial intermediation and delegated monitoring
Diamond, D. W. (1984) · The Review of Economic Studies · doi:10.2307/2297430 · Cited by 8,476
The great reversals: the politics of financial development in the twentieth century
Rajan, R. G., & Zingales, L. (2003) · Journal of Financial Economics · doi:10.1016/s0304-405x(03)00125-9 · Cited by 3,327
Self-citationMonetary policy, business cycles, and the behavior of small manufacturing firms
Gertler, M., & Gilchrist, S. (1994) · The Quarterly Journal of Economics · doi:10.2307/2118465 · Cited by 2,547
Some evidence on the uniqueness of bank loans
James, C. (1987) · Journal of Financial Economics · doi:10.1016/0304-405x(87)90003-1 · Cited by 1,610
Cited by
Berger, A. N., Miller, N. H., Petersen, M. A., Rajan, R. G., & Stein, J. C. (2005) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.06.003 · Cited by 1,888
Self-citationEntrepreneurship and bank credit availability
Black, S. E., & Strahan, P. E. (2002) · The Journal of Finance · doi:10.1111/1540-6261.00513 · Cited by 1,140
Does Local Financial Development Matter?
Guiso, L., Sapienza, P., & Zingales, L. (2004) · The Quarterly Journal of Economics · doi:10.1162/0033553041502162 · Cited by 1,084
Does banking competition affect innovation?
Cornaggia, J., Mao, Y., Tian, X., & Wolfe, B. (2015) · Journal of Financial Economics · doi:10.1016/j.jfineco.2014.09.001 · Cited by 1,051
Finance as a Barrier to Entry: Bank Competition and Industry Structure in Local U.S. Markets
CETORELLI, N., & STRAHAN, P. E. (2006) · The Journal of Finance · doi:10.1111/j.1540-6261.2006.00841.x · Cited by 920
Metadata
- Authors
- Petersen, M. A., & Rajan, R. G.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2002-12
- Volume
- 57
- Issue
- 6
- Pages
- 2533-2570
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W3125989415
- Cited by
- 2,150
- References
- 4
- FWCI
- 74.32
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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