Dennis Glennon

TL;DR: In this paper, the authors theoretically model and empirically test whether and how these changes have affected the probability that small business loans default, using 1984-2001 data from the SBA's flagship lending program.

TL;DR: The authors assesses the relative importance of two key drivers of mortgage default: negative equity and illiquidity, with comparably sized marginal effects, and find that negative equity is significantly associated with mortgage default.

TL;DR: The authors assesses the relative importance of two key drivers of mortgage default: negative equity and illiquidity, with comparably sized marginal effects, and find that negative equity is significantly associated with mortgage default.

TL;DR: In this paper, the authors provide empirical confirmation for Petersen and Rajan's (2002) widely accepted conjecture that information technology was the primary driver of the observed increase in small business borrower-lender distances in the United States in recent years.

TL;DR: In this article, a model specification that incorporates the specific underwriting guidelines of the individual bank is more appropriate than a broadly defined, generic specification applied across all banks, and the process of incorporating the bank-specific guidelines is itself difficult and can be complicated further by the lack of accurate data upon which to build a valid representative sample.