publication . Thesis . 2016

Impacts of relationship banking and capital market concentration on small business finance.

Zhang, Song;
Open Access English
  • Published: 30 Jun 2016
  • Country: United Kingdom
Small business is important to U.S. economy. However, they are difficult to obtain external finance. Since 1990s, deregulations happened in the U.S. banking market and affected small business finance greatly. Relationship banking is an effective lending technology for small business finance. Therefore, this thesis aims to investigate the nature of relationship banking and its impacts by using the data from U.S. Survey of Small Business Finances 1993, 1998 and 2003. The survey is led by U.S. Federal Reserve Board and it is representative and comprehensive for U.S. small business finance. The thesis contains three pieces of empirical research on small business: 1....
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