, and local versus nonlocal banks – in banking relationships. The conventional paradigm suggests that "community banks …

, and local versus nonlocal banks – in banking relationships. The conventional paradigm suggests that “community banks …

. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of … younger executive teams increase risk taking, as do board changes that result in a higher proportion of female executives. In … contrast, if board changes increase the representation of executives holding Ph.D. degrees, risk taking declines. …

risk of financial institutions. Using difference-in-difference estimations that focus exclusively on mandatory executive … portfolio risk, as do board changes that result in a higher proportion of female executives, although this latter effect is … executives holding Ph.D. degrees, portfolio risk declines. …

. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of … younger executive teams increase risk taking, as do board changes that result in a higher proportion of female executives. In … contrast, if board changes increase the representation of executives holding Ph.D. degrees, risk taking declines. …

that banks require collateral from observably riskier borrowers (lender selection effect), while lower risk premiums arise … relation between loan risk and collateral. Specifically, we posit that different economic characteristics or types of … collateral pledges may be associated with the empirical dominance of the four different risk-collateral channels implied by …

, primarily by community banks. The survey evidence suggests that the use of credit scores in small business lending by community … banks is surprisingly widespread. Moreover, the scores employed tend to be the consumer credit scores of the small business …

private information about borrower risk that is unobserved by the lender. The data also include public information about … borrower risk, loan contract terms, and ex post performance for both secured and unsecured loans. The results suggest that the …

. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of … younger executive teams increase risk taking, as do board changes that result in a higher proportion of female executives. In … contrast, if board changes increase the representation of executives holding Ph.D. degrees, risk taking declines. -- …