Abstract

http://ssrn.com/abstract=1295209
 
 

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The Effects of Bank Mergers and Acquisitions on Small Business Lending


Allen N. Berger


University of South Carolina - Moore School of Business; Wharton Financial Institutions Center; Tilburg University - CentER

Saunders Anthony


affiliation not provided to SSRN

Joseph M. Scalise


University of Pennsylvania, Wharton School; Bain & Company

Gregory F. Udell


Indiana University - Department of Finance

March 1997

NYU Working Paper No. FIN-97-001

Abstract:     
We examine the effects of bank M&As on small business lending. Our methodology permits empirical analysis of the vast majority of U.S. bank M&As since the late 1970s -- over 6,000 M&As involving over 10,000 banks (some active banks are counted multiple times). We are the first to decompose the impact of M&As on small business lending into static effects associated with a simple melding of the antecedent institutions and dynamic effects associated with post-M&A refocusing of the consolidated institution. We are also the first to estimate the reactions of other banks in local markets to M&As. We find that the static effects of consolidation which reduce small business lending are mostly offset by the reactions of other banks in the amrket, and in some cases also by refocusing efforts of the consolidating institutions themselves.

Number of Pages in PDF File: 52

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Date posted: November 4, 2008  

Suggested Citation

Berger, Allen N. and Anthony, Saunders and Scalise, Joseph M. and Udell, Gregory F., The Effects of Bank Mergers and Acquisitions on Small Business Lending (March 1997). NYU Working Paper No. FIN-97-001. Available at SSRN: http://ssrn.com/abstract=1295209

Contact Information

Allen N. Berger (Contact Author)
University of South Carolina - Moore School of Business ( email )
1705 College St
Francis M. Hipp Building
Columbia, SC 29208
United States
803-576-8440 (Phone)
803-777-6876 (Fax)
Wharton Financial Institutions Center
Philadelphia, PA 19104-6367
United States
Tilburg University - CentER
P.O. Box 90153
Tilburg, DC 5000 LE
Netherlands
Saunders Anthony
affiliation not provided to SSRN
No Address Available
Joseph M. Scalise
University of Pennsylvania, Wharton School ( email )
3641 Locust Walk
Philadelphia, PA 19104-6365
United States
Bain & Company
Two Copley Place
Boston, MA 02118
Gregory F. Udell
Indiana University - Department of Finance ( email )
1309 E. 10th St.
Bloomington, IN 47405
United States
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