De novo banks and lending to small businesses: An empirical analysis
研究了1987-1994年间新设银行与小企业贷款的关系，发现新设银行的小企业贷款占比显著高于同等规模的现有银行，表明新设银行可缓解银行业整合对小企业贷款的负面影响。
Recent widespread consolidation in the banking industry has elicited concern that lending to small businesses will be reduced by the banking industry. The consolidation, though, has stimulated an upsurge in new bank charters. This study compares the lending by de novo banks to small businesses with the lending by similarly sized incumbent banks for the years 1987–1994. We find that the portfolios of de novo banks consistently contain a substantially higher percentage of small business loans than do the portfolios of similar incumbents. These results indicate that de novo banks can be part of the solution to the problems that consolidation may create.