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Short-Term Loans and Long-Term Relationships : Relationship Lending in Early America
Bodenhorn, Howard - 2001
Recent banking theory holds that durable firm-bank relationships are valuable to both parties. Using contract …-specific loan records of a nineteenth-century U.S. bank, this paper shows that firms that form extended relationships with banks … receive three principal benefits. First, firms with extended relationships face lower credit costs. As the bank …
Persistent link: https://www.econbiz.de/10012787535
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Do Credit Market Shocks Affect the Real Economy? Quasi-Experimental Evidence from the Great Recession and ‘Normal’ Economic Times
Greenstone, Michael - 2015
. We predict county lending shocks using variation in pre-crisis bank market shares and estimated bank supply …
Persistent link: https://www.econbiz.de/10013031743
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Banks as Lenders of First Resort : Evidence from the Covid-19 Crisis
Li, Lei - 2020
-shock bank capital, explain why banks were able to accommodate these liquidity demands …
Persistent link: https://www.econbiz.de/10012832463
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Toward an Understanding of the Economics of Apologies : Evidence from a Large-Scale Natural Field Experiment
Halperin, Basil - 2019
We use a theory of apologies to design a nationwide field experiment involving 1.5 million Uber ridesharing consumers who experienced late rides. Several insights emerge from our field experiment. First, apologies are not a panacea: the efficacy of an apology and whether it may backfire depend...
Persistent link: https://www.econbiz.de/10012889706
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Customer Capital
Gourio, Francois - 2011
Firms spend substantial resources on marketing and selling. Interpreting this as evidence of frictions in product markets, which require firms to spend resources on customer acquisition, this paper develops a search theoretic model of firm dynamics in frictional product markets. Introducing...
Persistent link: https://www.econbiz.de/10013122655
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College as Country Club : Do Colleges Cater to Students' Preferences for Consumption?
Jacob, Brian A. - 2013
This paper investigates whether demand-side market pressure explains colleges' decisions to provide consumption amenities to their students. We estimate a discrete choice model of college demand using micro data from the high school classes of 1992 and 2004, matched to extensive information on...
Persistent link: https://www.econbiz.de/10013087875
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Learning from Customers : Individual and Organizational Effects in Outsourced Radiological Services
Clark, Jonathan R. - 2014
The ongoing fragmentation of work has resulted in a narrowing of tasks into smaller pieces that can be sent outside the organization and, in many instances, around the world. This trend is shifting the boundaries of organizations and leading to increased outsourcing. Though the consolidation of...
Persistent link: https://www.econbiz.de/10013064714
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Can Intangible Capital Explain Cyclical Movements in the Labor Wedge?
Gourio, Francois - 2014
Intangible capital is an important factor of production in modern economies that is generally neglected in business cycle analyses. We demonstrate that intangible capital can have a substantial impact on business cycle dynamics, especially if the intangible is complementary with production...
Persistent link: https://www.econbiz.de/10013058694
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The Inner Workings of the Patient Centered Medical Home Model
David, Guy - 2016
The patient-centered medical home (PCMH) is a model for restructuring primary care with a focus on improved access to care and clinical excellence. However, to date, the evidence on its effect on healthcare utilization and expenditures has been quite mixed. One possible reason for this may lie...
Persistent link: https://www.econbiz.de/10012986303
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Learning by Doing in a Multi-Product Manufacturing Environment : Product Variety, Customizations, and Overlapping Product Generations
Egelman, Carolyn D. - 2015
Extending research on organizational learning to multi-product environments is of particular importance given that the vast majority of products are manufactured in such environments. We investigate learning in a multi-product facility drawing on exceptionally rich data for a manufacturing firm...
Persistent link: https://www.econbiz.de/10013034677