that the positive effect of industrial relatedness on investments disappears as the functional distance between local …

procyclicality, we find that it mainly reflects the (functional) distance between a foreign bank�s headquarters and the Italian …

of the functional distance that separates the decision center of a bank from its operational branches. The aim of this … French data suggest that (i) increased functional distance induces an increase of the investment cash flow sensitivity … proximity below a certain threshold and decreasing for high levels of it. The adverse effect of functional distance on financing …

of the functional distance that separates the decision center of a bank from its operational branches. The aim of this … French data suggest that (i) increased functional distance induces an increase of the investment cash flow sensitivity … proximity below a certain threshold and decreasing for high levels of it. The adverse effect of functional distance on financing …

and functional distance are used to measure the relationship lending approach in banks. This paper takes into account the …