Bank lending is an important source of funding for firms. Most loans are in the form of credit lines. Empirical studies …

Using Federal Reserve (Fed) confidential stress test data, we exploit the gap between the Fed and bank capital …

We study private firms' strategic disclosure of financial statements in shaping bank lending decisions and structuring … a large bank, we document that the availability of financial statement disclosures by small businesses increases their … significant in pricing loans and in determining collateral requirements, as well as influencing the bank's ex post monitoring of …

million new bank account openings. About 77% of these accounts maintain a positive balance. While the initial usage remains …

Using Federal Reserve (Fed) confidential stress test data, we exploit the gap between the Fed and bank capital …

lower default risk than non-switchers and are not riskier than other bank borrowers. Switchers also obtain better loan terms … from banks compared with first-time bank borrowers without a credit history …