Bedayo, Mikel; Jiménez, Gabriel; Peydró, José Luis; … - 2023
We show that loan origination time is crucial for bank lending standards over the credit cycle, as well as for ex … incentives are a key mechanism. Shorter loan origination time to ex-ante riskier firms in good times is especially stronger for … moral hazard problems between different parts within the bank). Second, shorter loan origination time is associated with …