While the importance of venture capital to the growth of small firms has been widely discussed during the past decade, little is know about the uses of equity capital, especially internal equity capital, by majority of small firms in the United States. Information from the Federal Reserve...

Banking consolidation has continued to accelerate over the past several years, assisted by technological innovations in information management and statistical modeling, and by the large merger and acquisition (M&A) deals of the late 1990s. Total domestic assets held by the largest 50 bank...

Loan markets for most small business borrowers in the United States have become more competitive over the past decade, evidenced by the emergence of a nationwide market for credit lines and credit cards and the entry of large regional banks in local markets. However, the impact of increased...

This paper updates information about the databases available for researchers in conducting small business financial research. A definition of a statistical database is provided first as a basis for selecting a database suitable for statistical research. Five major databases are discussed in...

This study gives estimates of the number of households owning privately held businesses in the United States, compares the demographic and economic characteristics of business owners and non-business owners, and examines the relationship between the growth in the total number of business...

This dissertation provides evidence on the risk factors that are priced in bankequities. Alternative empirical models with precedent in the nonfinancial asset pricingliterature are tested, including the single-factor Capital Asset Pricing Model (CAPM),three-factor Fama-French model, and...