information frictions. We investigate whether financial statement complexity is associated with firms' reliance on bank financing … and with the terms of bank loans. We focus on two dimensions of complexity that capture the volume and presentation of … information: 10-K length and readability. First, we document that complexity is positively associated with firms' reliance on bank …

among depositors or information asymmetries between depositors and bank managers to explain bank runs. This Article provides …

bank-level commercial loan exposures, we find banks are less likely to collect audited financial statements from firms in … acute and muted when the bank lacks experience with an exposure. Our results offer novel evidence on how bank … concentration reveals a bank's relative expertise …

credit. We estimate a structural model of credit demand, loan use, pricing, and firm default using matched firm-bank data …

Applying a difference-in-differences approach to explore variations in the timing of bank mergers in the U.S. over the … banks' monitoring and financing of borrowers. These findings suggest an information spillover effect from bank mergers to …

This paper investigates whether the benefits of bank–borrower relationships differ depending on three factors … identified in the theoretical literature: verifiability of information, bank size and complexity, and bank competition. We extend … the benefits from stronger bank–borrower relationships in terms of credit availability are limited to smaller banks …

. Using rich data on firm-bank relationships in Germany, we show that: Firstly, intangible assets can be used to proxy … significantly determines firms' choice of an exclusive and persistent bank relation. Finally, relationship banking is (potentially …

Banks produce short-term debt for transactions and storing value. The value of bank money must not vary over time so … information about the bank's loans. To produce safe liquidity banks choose loans with high such costs. Capital markets cannot … produce substitutes for bank money because they involve information revelation. They produce risky liquidity. This trade …

bank reputation is associated with higher profitability and credit quality in the three years subsequent to loan initiation …. We also show that bank reputation is associated with long run sustainability of earnings via higher earnings persistence …