resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …

compare the two bank types on the basis of cost efficiency. We decompose cost efficiency into a persistent and a residual …. Participation in bank holding companies is harmful for community banks' efficiency. Liquidity creation is positively (negatively … estimates show community banks to exhibit a 4.9% higher efficiency compared to their non-community counterparts. The …

This paper measures the economy-wide impact of bank distress on the loss of relationship benefits. We use the near …-collapse of the Norwegian banking system during the period 1988 to 1991 to measure the impact of bank distress announcements on … the stock prices of firms maintaining a relationship with a distressed bank. We find that although banks experience large …

impact of competition on bank orientation - i.e., the choice of relationship based versus transactional banking - and bank … industry specialization. We empirically investigate the impact of interbank competition on bank branch orientation and … specialization. We employ a unique data set containing detailed information on bank-firm relationships and industry classification …