Bellucci, Andrea; Borisov, Alexander; Zazzaro, Alberto - In: Journal of Banking & Finance 37 (2013) 11, pp. 4183-4197
In this paper we explore the effects of bank–borrower physical proximity on price and non-price aspects of small business lending in local credit markets. Along the price dimension, our analysis reveals that interest rates increase with bank–borrower distance and decrease with the distance...