Blickle, Kristian; Parlatore, Cecilia; Saunders, Anthony - 2021
concentrating their lending disproportionately into one industry. This specialization improves a bank’s industry-specific knowledge … and during periods of greater nonbank lending. Superior industry-specific knowledge is further reflected in better loan … lower Tier 1 capital. Finally, specialization counteracts a well-documented trend in reduced lending by large banks to …