Communication within Banking Organizations and Small Business Lending

文献类型: 外文期刊

第一作者: Levine, Ross

作者: Levine, Ross;Lin, Chen;Peng, Qilin;Xie, Wensi

作者机构:

期刊名称:REVIEW OF FINANCIAL STUDIES ( 影响因子:8.2; 五年影响因子:9.7 )

ISSN: 0893-9454

年卷期: 2020 年 33 卷 12 期

页码:

收录情况: SCI

摘要: We investigate how communication within banks affects small business lending. Using travel times between a bank's headquarters and its branches to proxy for the costs of communicating soft information, we exploit shocks to these travel times-the introduction of new airline routes-to evaluate the impact of within-bank communication costs on small business loans. We find that reducing headquarters-branch travel time boosts small business lending in the branch's county. Several extensions suggest that new airline routes facilitate in-person communications that boost small-firm lending.

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