We develop a new identification strategy to evaluate the impact of the geographic expansion of bank holding company … (BHC) assets across U.S. metropolitan statistical areas (MSAs) on BHC risk. We find that the geographic expansion of bank …

the ramifications of ownership, shareholder protection laws, and supervisory/regulatory policies on bank valuations … weak shareholder protection laws on bank valuations. These results are consistent with the views that expropriation of …

the banking industry and bank-dependent industries, but only in states with strong tastes for discrimination. … exactly where taste-based theories predict that competition will reduce labor market discrimination. in economies where … employers have strong racial prejudices. We use bank deregulation across the U.S. states to identify an intensification of …

We use the cross-state, cross-time variation in bank deregulation across the U.S. states to assess how improvements in … banking systems affected the labor market opportunities of black workers. Bank deregulation from the 1970s through the 1990s … improved bank efficiency, lowered entry barriers facing nonfinancial firms, and intensified competition for labor throughout …

We investigate how communication within banks affects small-business lending. Using travel time between a bank … evaluate the impact of within bank communication costs on small-business loans. We find that reducing headquarters …

Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … competition materially boosts individual and systemic bank risk. With respect to the mechanisms, we find that competition reduces …

greater insider ownership leads to less equity issuances. Several tests are consistent with the view that bank insiders are … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks — and hence the …

disclose to the public? By integrating the gravity model of investment with the state-specific process of bank deregulation … that occurred in the United States from the 1980s through the 1990s, we develop a bank-specific, time-varying measure of … and the frequency with which banks restate financial statements. The results suggest that competition reduces bank opacity …

disclose to the public? By integrating the gravity model of investment with the state-specific process of bank deregulation … that occurred in the United States from the 1980s through the 1990s, we develop a bank-specific, time-varying measure of … and the frequency with which banks restate financial statements. The results suggest that competition reduces bank opacity …