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 …

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 …

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 …

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 …

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 …

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 …

-announcement stock returns, and post-merger performance? We compile information on U.S. bank acquisitions from 1984 through 2016 …

bank liquidity creation and these liquidity-reducing effects are smaller among more profitable banks and larger among …

This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United … States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank …