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Article: Communication within Banking Organizations and Small Business Lending

TitleCommunication within Banking Organizations and Small Business Lending
Authors
Levine, RLin, CPENG, QXie, W
KeywordsD20 - General
D22 - Firm Behavior: Empirical Analysis
D83 - Search
Learning
Information and Knowledge; Communication
Issue Date2020
PublisherOxford University Press. The Journal's web site is located at http://rfs.oxfordjournals.org/
Citation
The Review of Financial Studies, 2020, v. 33 n. 12, p. 5750-5783 How to Cite?
DOI: http://dx.doi.org/10.1093/rfs/hhaa036
AbstractWe 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.
Persistent Identifierhttp://hdl.handle.net/10722/281856
ISSN
0893-9454
2021 Impact Factor: 8.414
2020 SCImago Journal Rankings: 12.800
ISI Accession Number ID
WOS:000595485200008

 

DC FieldValueLanguage
dc.contributor.authorLevine, R-
dc.contributor.authorLin, C-
dc.contributor.authorPENG, Q-
dc.contributor.authorXie, W-
dc.date.accessioned2020-04-03T07:22:45Z-
dc.date.available2020-04-03T07:22:45Z-
dc.date.issued2020-
dc.identifier.citationThe Review of Financial Studies, 2020, v. 33 n. 12, p. 5750-5783-
dc.identifier.issn0893-9454-
dc.identifier.urihttp://hdl.handle.net/10722/281856-
dc.description.abstractWe 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.-
dc.languageeng-
dc.publisherOxford University Press. The Journal's web site is located at http://rfs.oxfordjournals.org/-
dc.relation.ispartofThe Review of Financial Studies-
dc.rightsPost-print: This is a pre-copy-editing, author-produced PDF of an article accepted for publication in [The Review of Financial Studies] following peer review. The definitive publisher-authenticated version [The Review of Financial Studies, 2020, v. 33 n. 12, p. 5750-5783] is available online at: [http://dx.doi.org/10.1093/rfs/hhaa036].-
dc.subjectD20 - General-
dc.subjectD22 - Firm Behavior: Empirical Analysis-
dc.subjectD83 - Search-
dc.subjectLearning-
dc.subjectInformation and Knowledge; Communication-
dc.titleCommunication within Banking Organizations and Small Business Lending-
dc.typeArticle-
dc.identifier.emailLin, C: chenlin1@hku.hk-
dc.identifier.authorityLin, C=rp01808-
dc.description.naturepostprint-
dc.identifier.doi10.1093/rfs/hhaa036-
dc.identifier.scopuseid_2-s2.0-85097496682-
dc.identifier.hkuros309666-
dc.identifier.volume33-
dc.identifier.issue12-
dc.identifier.spage5750-
dc.identifier.epage5783-
dc.identifier.isiWOS:000595485200008-
dc.publisher.placeUnited Kingdom-
dc.identifier.issnl0893-9454-

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