A puzzling but consistent result in the empirical literature on banking is that firms with close bank ties do not grow … faster than bank-independent firms. In this paper, we reconsider the link between relationship lending and firms' growth … and health status. We explore the influence of long-lasting bank relationships on employment and asset growth of a large …

information, especially when the firm has a poor hard information environment or when the bank and loan officer rely less on hard …

We model how an information asymmetry between the lending bank and the applying firm about the currency structure of …

-sized bank in the United States, I directly measure the stream of non-lending profits generated from (1) the non-credit services … cross-sold to the borrower, and (2) the additional bank clients referred by the borrower. In models of loan price that … already include both the bank's proprietary risk rating and traditional risk proxies, non-lending profits increase adjusted R2 …

Using micro-level data on the entire population of business loans of a bank-based economy, we empirically test some of …

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 …