The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Risk Overhang and Loan Portfolio Decisions: Small Business Loan Supply before and during the Financial Crisis
Open accessAbstract
We estimate a structural model of bank portfolio lending and find that the typical U.S. community bank reduced its business lending during the global financial crisis. The decline in business credit was driven by increased risk overhang effects (consistent with a reduction in the liquidity of assets held on bank balance sheets) and by reduced loan supply elasticities suggestive of credit rationing (consistent with an increase in lender risk aversion). Nevertheless, we identify a group of strategically focused relationship banks that made and maintained higher levels of business loans during the crisis.
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Cites
Corporate financing and investment decisions when firms have information that investors do not have
Myers, S. C., & Majluf, N. S. (1984) · Journal of Financial Economics · doi:10.1016/0304-405x(84)90023-0 · Cited by 18,957
Credit Rationing in Markets with Imperfect Information
Stiglitz, J. E., & Weiss, A. (1981) · Columbia University · doi:10.7916/d8v12ft1 · Cited by 12,769
The effect of credit market competition on lending relationships
Petersen, M. A., & Rajan, R. G. (1995) · The Quarterly Journal of Economics · doi:10.2307/2118445 · Cited by 3,294
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
Cited by
When arm's length is too far: Relationship banking over the credit cycle
Beck, T., Degryse, H., De Haas, R., & van Horen, N. (2018) · Journal of Financial Economics · doi:10.1016/j.jfineco.2017.11.007 · Cited by 372
The Rise of Finance Companies and FinTech Lenders in Small Business Lending
Gopal, M., & Schnabl, P. (2022) · The Review of Financial Studies · doi:10.1093/rfs/hhac034 · Cited by 363
Expected Losses, Unexpected Costs? Evidence from SME Credit Access under IFRS 9
Ertan, A. (2025) · The Accounting Review · doi:10.2308/tar-2022-0301 · Cited by 39
Metadata
- Authors
- DEYOUNG, R., GRON, A., TORNA, G., & WINTON, A.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2015-11-12
- Volume
- 70
- Issue
- 6
- Pages
- 2451-2488
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W3121838314
- Cited by
- 188
- References
- 4
- FWCI
- 30.06
- Type
- journal article
- Language
- en
- Open access
- green
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- DEYOUNG, R., GRON, A., TORNA, G., & WINTON, A. (2015). Risk Overhang and Loan Portfolio Decisions: Small Business Loan Supply before and during the Financial Crisis. The Journal of Finance. https://doi.org/10.1111/jofi.12356
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
