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Indiana University Bloomington

Doctoral Programs

1960 Notable

From 1960-2013, we prepared nearly 1,200 men and women
for rewarding academic careers — that’s more than any other university.

Gregory F. Udell

Contact Information

(812) 855-3394
gudell [at] indiana [dot] edu (E-mail)
Business School, Room 474

Download Vita

  • Chase Chair of Banking and Finance


  • Bloomington


  • PhD, Indiana University, 1983
  • MBA, Indiana University, 1982
  • MA, Northern Illinois University, 1973
  • BA, DePauw University, 1968

Professional Experience

  • U.S. Army, 1969-1972, 1st Lieutenant, Adjutant General Corps.
  • National Boulevard Bank, Chicago, 1974-1977, Commercial Loan Officer
  • Marina Bank (LaSalle Group), Chicago, 1978-1979, Vice President
  • Stern School of Business, New York University, 1983-1998, Professor of Finance and Director William R. Berkley Center for Entrepreneurial Studies
  • Kelley School of Business, Indiana University, 1998 -, Chase Chair of Banking and Finance
  • Current/Past Consultant and/or Visiting Scholar to: Bank of Japan, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Chicago, Federal Reserve Bank of San Francisco, International Finance Corporation, OECD, Riksbank, Peoples Bank of China, World Bank

Awards, Honors & Certifications

  • Associate Editor, Journal of Money, Credit, and Banking
  • Associate Editor, Journal of Banking and Finance (1994-2007)
  • Associate Editor, Journal of Financial Services Research
  • Associate Editor, Small Business Economics
  • Board of Directors, Financial Management Association
  • Associate Editor, The Journal of Entrepreneurial Finance and Business Ventures
  • Editorial Board, Business Horizons

Professional Interests


Personal Interests

Cycling, Bridge, Tennis.


Finance and banking

Selected Publications

  • Ongena, Steven, Alex Popov and Gregory F. Udell, (2013), “When the Cat’s Away the Mice Will Play: Does Regulation at Home Affect Bank Risk-taking Abroad,” Journal of Financial Economics, 108(3): 727-750.

  • Udell, Gregory F. and Alex Popov (2012), “Cross-Border Banking, Credit Access and the Financial Crisis,” Journal of International Economics, Vol. 87, No. 1, May, pp. 147-161.
  • Uchida, Hirofumi, Gregory F. Udell and Nobuyoshi Yamori (2012), “Loan Officers and Relationship Lending to SMEs,” Journal of Financial Intermediation, Vol. 21, No. 1, January, pp. 97-122.

  • Gopalan, Radhakrishnan, Gregory F. Udell and Vijay Yerramilli (2011), "Why Do Firms Form New Banking Relationships?," Journal of Financial and Quantitative Analysis, Vol. 46, No. 5, September, pp. 1335-1365. 

  • Kano, Masaji, Hirofumi Uchida, Gregory F. Udell and Wako Watanabe (2011), “Information Verifiability, Bank Organization, Bank Competition and Bank-Borrower Relationships,” Journal of Banking and Finance, Vol. 35, No. 5, April, pp 935-954.

  • Carbo-Valverde, Santiago, Francisco Rodriguez-Fernandez, and Gregory F. Udell (2009), “Bank Market Power and SME Financing Constraints,” Review of Finance, Vol. 13, pp. 309-340.
  • Berger, Allen N. and Gregory F. Udell (2004), “The Institutional Memory Hypothesis and the Procyclicality of Bank Lending Behavior,” Journal of Financial Intermediation, Vol. 13, pp. 458-495.

  • Berger, Allen N. and Gregory F. Udell (1995), “Relationship Lending and Lines of Credit in Small Firm Finance,” Journal of Business, Vol. 68, pp. 351-381.

  • Udell, Gregory F. and Allen N. Berger (1994), "Did Risk-Based Capital Allocate Bank Credit and Cause a 'Credit Crunch' in the U.S.," Journal of Money, Credit and Banking, Vol. 26, pp. 585-628.  Reprinted in Maximilian J.B. Hall (ed.) (2000), The Regulation and Supervision of Banks, Edward Elgar.
  • Berger, Allen N. and Gregory F. Udell (1992), “Some Evidence on the Empirical Significance of Credit Rationing,” Journal of Political Economy, Vol. 100, pp. 1047-1077.  Reprinted in New Theories of Market Failure: A Critical Examination (2003), Chicago: The University of Chicago Press.