Although a body of theoretical literature asserts that a key advantage of banks is their ability to monitor borrowers, we believe this is the first paper to empirically examine determinants of bank monitoring within non-syndicated loans. Using a proprietary transaction-level database consisting...

Inconsistently applied regulations are a hallmark of the U.S. banking system. Because many regulations only apply to a subset of banks, competition and other interactions in lending and deposit markets can both contribute meaningfully to a regulation's overall effect and also invalidate the...

Pursuant to the Dodd-Frank Act, from 2015-2017, banks holding assets between $10 - $50 billion were required to disclose a portion of their company-run stress test results. These disclosures were intended to facilitate market discipline and bank monitoring. In contrast, we find that these...

I investigate whether U.S. bank holding companies choose early adoption of accounting standards to better access external financing. Both economic intuition and theories suggest that banks are motivated to take measures such as information disclosure to better access capital markets. Examining...