Does Local Competition Impact Interest Rates Charged on Small Business Loans? Empirical Evidence from Canada

被引:0
作者
Ted Mallett
Anindya Sen
机构
[1] Canadian Federation of Independent Business,
关键词
Banks; competition; local markets; small business loans;
D O I
10.1023/A:1012556327791
中图分类号
学科分类号
摘要
Using a unique survey database of Canadian small business loans,we find a negative and statistically significant relation between the number of localcompetitors and small business loan rates. This result is robust to the presence of a wide varietyof covariates intended to proxy the effects of both loan specific details and individualcharacteristics. These findings further suggest that the local markets definition applied to small businessloans is still relevant, despite recent technological innovation such as internet banking.
引用
收藏
页码:435 / 450
页数:15
相关论文
共 11 条
[1]  
Berger A. N.(1989)The Price-Concentration Relationship in Banking Review of Economics and Statistics 71 291-299
[2]  
Hannan T.(1979)Industry Performance Gradient Indexes American Economic Review 81 938-945
[3]  
Dansby R. E.(2000)Community Banks Go Online ABA Banking Journal 92 61-64
[4]  
Willig R. D.(1991)Bank Commercial Loan Markets and the Role of Market Structure: Evidence from Surveys of Commercial Banking Journal of Banking and Finance 15 133-150
[5]  
Hamlet C.(1997)Market Share Inequality, the Number of Competitors, and the HHI: An Examination of Bank Pricing Review of Industrial Organization 12 23-35
[6]  
Hannan T. H.(1998)Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence from the Banking Industry Journal of Industrial Economics 46 433-452
[7]  
Hannan T. H.(1996)Competition and Bank Mergers: Directions for Analysis from Available Evidence Antitrust Bulletin 41 339-340
[8]  
Prager R.(1992)Future Money and Banks: 1990–2010 Antitrust Bulletin 37 799-822
[9]  
Hannan T.(undefined)undefined undefined undefined undefined-undefined
[10]  
Rhoades S. A.(undefined)undefined undefined undefined undefined-undefined