This paper examines the impact of long-run earthquake experiences on banks’ business practices. Using earthquake and bank branch data for California, we find that banks that have had more intense experiences change their business practices: they have a smaller exposure to real estate and...

Using earthquakes as exogenous demand shocks to the credit market, we find that fintech lending complements traditional banks in meeting surged demand under a continuous difference-in-differences framework. We show that fintech loans increase significantly after earthquakes, but the acceptance...

In this paper we study how differences in the quality of countries’ institutions affect the impact of natural hazards in these countries. To do so, we first build a new data set that allows us to adequately control for countries’ development and geological characteristics and,...

This paper examines the impact of long-run earthquake experiences on banks’ business practices. Using earthquake and bank branch data for California, we find that banks that have had more intense experiences change their business practices: they have a smaller exposure to real estate and...

In this article, we compare standard approaches used to handle losses in logarithmic profit models with a simple novel approach. We estimate translog stochastic profit frontiers, and discuss discriminatory power, rank stability and the precision of Profit Efficiency (PE) scores. Contrary to...