We show that banks with shared social connections partner more often in the global syndicated loan market and that central banks in the network play dominant roles in various interbank transactions, indicating that social connections facilitate business connections. However, more centralized...

We show that banking relationships act as a transmission mechanism for promoting corporate Environmental, Social and Governance (ESG) policies. Specifically, banks are more likely to grant loans to borrowers with similar ESG profiles, and positively influence subsequent borrower ESG performance....

Bank stability depends critically on the ability to connect and retain customers amid negative shocks. This study proposes a novel measure of accumulated customer capital at the branch level. In a within bank-county estimation, we exploit reputation damage as exogenous negative shocks to...