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Gregory F. Udell - Indiana University, Kelley School of Business. Bloomington, IN, US

Gregory F. Udell Gregory F. Udell

Professor of Finance | Indiana University, Kelley School of Business

Bloomington, IN, UNITED STATES

Professor Udell has more than sixty publications on topics such as contracting, credit, monetary policy and financial intermediation.

Secondary Titles (1)

  • Chase Chair of Banking and Finance

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Biography

Gregory F. Udell is the Bank One Chair of Banking and Finance at the Kelley School of Business, 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. 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, a textbook on asset-based lending. 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.

Industry Expertise (3)

Education/Learning Financial Services Research

Areas of Expertise (8)

Credit Research Financial Intermediation Monetary Policy Finance Banking Economics Entrepreneurial Finance Commercial Lending

Accomplishments (3)

Best Paper Award in Financial Institutions and Markets (professional)

2012

Financial Management Association.

Senior Faculty Research Excellence Award (professional)

1999

Indiana University.

TERA Teaching Excellence Award (professional)

1999

Indiana University.

Education (4)

Indiana University: Ph.D., Finance 1983

Indiana University: M.B.A., Finance 1982

Northern Illinois University: M.A., Economics 1973

DePauw University: B.A., Economics 1968

Media Appearances (1)

Distinguished Faculty Research Lecture to focus on financial crises, health of banking

IT Bloomington Newsroom  online

2015-04-13

The impact of the recent financial crisis on the health of banking systems in the United States and Europe, and how the crisis led to a severe “credit crunch,” are the topics of the 2015 Distinguished Faculty Research Lecture. "Banks, Financial Crises, and Firm Access to Credit" will be presented by Gregory F. Udell, the Chase Chair of Banking and Finance at IU’s Kelley School of Business in Bloomington...

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Articles (5)

Trade Credit, the Financial Crisis, and SME Access to Finance Journal of Money, Credit and Banking

2016

Mounting evidence indicates that firms, particularly SMEs, suffered from a significant credit crunch during this crisis. We analyze for the first time whether trade credit provided an alternative source of external finance to SMEs during the crisis. Using firm-level Spanish data we find that credit constrained SMEs depend on trade credit, but not bank loans, and that the intensity of this dependence increased during the financial crisis. Unconstrained firms, in contrast, are dependent on bank loans but not on trade credit.

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Liberalization and Risk Taking: Evidence from Government-Controlled Banks Review of Finance

2014

We study the effects of the interplay between deregulation and governance on risk-taking in the financial industry. We consider the removal of regulatory geographic constraints for savings banks in Spain, the cajas, which led to a nationwide expansion of these banks during the past two decades.

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The Home Bias and the Credit Crunch: A Regional Perspective Journal of Money, Credit and Banking

2014

Using detailed data on loan applications and decisions for a large sample of manufacturing firms in Italy during the recent financial crisis, we find that the credit crunch has been harsher in provinces with a large share of branches owned by distantly managed banks.

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Are Trade Creditors Relationship Lenders Japan and the World Economy

2013

We test the hypothesis that trade creditors are relationship lenders using SME data from Japan. We find that the validity of the relationship lending hypothesis depends on the relative bargaining power between the buyer and sellers.

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When the Cat’s Away the Mice Will Play: Does Regulation at Home Affect Bank Risk-taking Abroad Journal of Financial Economics

2013

This paper provides the Örst empirical evidence that bank regulation is associated with cross-border spillover e§ects through the lending activities of large multinational banks.

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