Redlining Redux Black Neighborhoods, Black-Owned Firms, and the Regulatory Cold Shoulder  

Oleh:

Immergluck, Dan

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Urban Affairs Review vol. 38 no. 1 (Sep. 2002), page 22-41.
Topik: race-based discrimination; small business lending; Philadelphia; black neighborhoods
Fulltext: 22UAR381.pdf (111.58KB)

Isi artikel

There has been a growing body of evidence indicating race-based discrimination in small business lending. However, very little research has examined potential geographic redlining effects. This article measuress mall business lending flowsto neighborhoods in the Philadelphia metropolitan area. It advancespre viousw ork by measuring differential credit flowswhile accounting for variationsin the credit scoresof small firms. Black tracts receive fewer loans after accounting for firm density, firm size, industrial mix, neighborhood income, and the credit quality of local firms. The findings suggest that federal bank regulators should expand small business lending data to include racial characteristics and application information, in part to help identify potentially discriminating lenders for further investigation. Also, Community Reinvestment Act regulations should pay more attention to the distribution of small business loans, by both race and income of neighborhood.

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