This article examines a number of the most important issues surrounding SME access to finance in a European context. It does this through the lens of the lending channel paradigm first introduced in Taketa and Udell (2007). Using this analytical framework the article examines the impact on SME access to finance from: the introduction of […]
Gregory F. Udell
Gregory F. Udell is Professor of Finance and Chase Chair of Banking and Finance at the Kelley School of Business, Indiana University. He received his undergraduate degree in economics from DePauw University and both his MBA and his Ph.D. degrees in finance from Indiana University. Prior to joining Indiana University in 1998 Professor Udell was a member of the faculty of New York University where he was a Professor of Finance and Director of the William R. Berkley Center for Entrepreneurial Studies at the Stern School of Business. He is a member of the Academic Advisory Board of the Turnaround Management Association, a member of the Board of the Directors of the Georgetown University Credit Research Center, and a member of the Board of Directors of the Financial Management Association. He has also been the Vice President for Global Services of the Financial Management Association.
Prior to starting his academic career Professor was a commercial loan officer at the National Boulevard Bank and then Vice President at the Marina Bank (part of the former LaSalle group), both in Chicago. He has also been a visiting economist and consultant to the Board of Governors of the Federal Reserve System and is currently a consultant to the Federal Reserve Bank of Chicago and The World Bank. He will be a visiting scholar in the spring of 2005 at the Bank of Japan. In addition to his teaching at Indiana University and New York University, professor Udell has taught at the Indian School of Business in Hyderabad and the International Graduate Business School in Zagreb. He has also taught in numerous executive education programs.
Professor Udell has more than sixty publications on topics such as financial contracting, credit availability, monetary policy and financial intermediation. These publications include articles in refereed journals such as the Economic Journal, Journal of Banking and Finance, Journal of Business, Journal of Financial Economics, Journal of Financial Intermediation, Journal of Money, Credit and Banking, Journal of Monetary Economics, and the Journal of Political Economy. He is a co-author (with L. Ritter and W. Silber) of Principles of Money, Banking and Financial Markets, 11th edition (2004) and is the author of Asset-Based Finance (2004). Professor Udell is an associate editor of a number of journals including the Journal of Money, Credit and Banking, Journal of Banking and Finance, Journal of Financial Services Research and Small Business Economics. He has also been a co-editor of two special issues for the Journal of Banking and Finance, one on deposit insurance and one on small business finance, and he has also been a co-editor of a special issue on community banking for the Journal of Financial Services Research.