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dc.contributor.authorSääskilahti, Jaakko
dc.date.accessioned2016-06-30T07:29:01Z
dc.date.available2019-04-16T21:35:16Z
dc.date.issued2016
dc.identifier.citationSääskilahti, J. (2016). Local bank competition and small business lending after the onset of the financial crisis. <em>Journal of Banking and Finance</em>, 69 (August), 37-51. <a href="http://dx.doi.org/10.1016/j.jbankfin.2016.04.004">doi:10.1016/j.jbankfin.2016.04.004</a>
dc.identifier.otherTUTKAID_69784
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/50644
dc.description.abstractThis paper examines whether the effects of the financial crisis on the volumes and prices of small business loans depended on the pre-crisis local competitive environment. To address this question, I employ a unique data set on Finnish cooperative banks. I find that the monthly volumes of new business loans decreased and the average loan margins increased after the onset of the crisis. The decrease in volumes and the increase in margins were greater in local banking markets that were more competitive before the crisis. The results for the loan margins are more robust than those obtained for the volumes. Auxiliary analyses suggest that the greater effects in the more competitive markets are due to competition leveling therein more after the onset of the crisis.
dc.language.isoeng
dc.publisherElsevier BV
dc.relation.ispartofseriesJournal of Banking and Finance
dc.subject.otherfinancial crisis
dc.subject.othersmall business lending
dc.subject.otherlocal bank competition
dc.titleLocal bank competition and small business lending after the onset of the financial crisis
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201606303394
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineTaloustiede
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.date.updated2016-06-30T03:15:15Z
dc.type.coarjournal article
dc.description.reviewstatuspeerReviewed
dc.format.pagerange37-51
dc.relation.issn0378-4266
dc.relation.volume69
dc.type.versionacceptedVersion
dc.rights.copyright© 2016 Elsevier B.V. This is a final draft version of an article whose final and definitive form has been published by Elsevier. Published in this repository with the kind permission of the publisher.
dc.rights.accesslevelopenAccessfi
dc.relation.doi10.1016/j.jbankfin.2016.04.004


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