Gregory F. Udell

Gregory F. Udell Print-Quality Photo

Contact Information


(812) 855-3394

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Business School

  • Professor of Finance
  • Chase Chair of Banking and Finance

Campus

  • Bloomington

Education

  • 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

Finance

Personal Interests

Cycling, Bridge, Tennis.

Current Projects

  • Ono, Arito, Hirofumi Uchida, Gregory F. Udell and Iichiro Uesugi “Lending Pro-Cyclicality and Macro-Prudential Policy: Evidence from Japanese LTV Ratios” (2014)
  • Manuel Illueca, Lars Norden and Gregory F. Udell, “Conditional Accounting Conservatism and Bank Risk-taking” (2014)
  • Tian, Xuan, Gregory F. Udell and Xiaoyun Yu “Disciplining Delegated Monitors: Evidence from Venture Capital” (2014)

Background

Finance and banking

Selected Publications

  • Carbo-Valverde, Santiago, Francisco Rodriguez-Fernandez and Gregory F. Udell (2014), “Trade Credit, the Financial Crisis, and SME Access to Finance,” forthcoming, Journal of Money, Credit and Banking. Read Abstract
  • Muñoz, Manuel Illueca, Lars Norden and Gregory F. Udell (2014), “Liberalization and Risk Taking: Evidence from Government-Controlled Banks,” forthcoming, Review of Finance. Read Abstract
  • Presbitero, Andrea F., Gregory F. Udell and Alberto Zazzaro (2014), “The Home Bias and the Credit Crunch: A Regional Perspective,” forthcoming, Journal of Money, Credit and Banking. Read Abstract
  • Uchida, Hirofumi, Gregory F. Udell and Wako Watanabe (2013), “Are Trade Creditors Relationship Lenders,” Japan and the World Economy, 25-26 January, 24-38.
  • 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.
  • 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.
  • Radhakrishnan Gopalan, Gregory F. Udell and Vijay Yerramill (2011), “Why Do Firms Form New Banking Relationships?” Journal of Financial and Quantitative Analysis, Journal of Financial and Quantitative Analysis, 46(5) October, pp 1335-1365.
  • 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.

Kelley School of Business

Faculty & Research