dataset of bank loans, we empirically document that loan contract characteristics such as interest rates and collateral … requirements are sensitive to the hierarchical allocation of decision-making authority within the bank’s organization. …

effect of diversification on the cost of a bank loan is channeled primarily through coinsurance in investment opportunities …

lending function are examined, and a simple model of bank-lending is proposed. The model is used to examine the impact of … business, including technical innovationssuch as credit scoring, regulatory regime shifts such as toughened bank supervision … firm, owner and community; and (3) an agency problem appears between the loan officer and bank management because of the …