Does Function Follow Organizational Form? Evidence From the Lending Practices of Large and Small Banks

Theories based on incomplete contracting suggest that small organizations may do better than large organizations in activities that require the processing of soft information. We explore this idea in the context of bank lending to small firms, an activity that is typically thought of as relying

基于不完全契约（incomplete contracting）的理论表明，在需要处理软信息（soft information）的活动中，小型组织的表现或优于大型组织。我们以银行向小微企业放贷这一通常被认为依赖软信息的活动为背景，对这一观点展开探究。