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"Sorry, we're closed" bank branch closures, loan pricing, and information asymmetries

2021-07-01Artigo científico Acesso aberto
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dc.contributor.authorBonfim, Diana
dc.contributor.authorNogueira, Gil
dc.contributor.authorOngena, Steven
dc.date.accessioned2021-09-01T13:03:57Z
dc.date.available2023-07-01T00:30:33Z
dc.date.issued2021-07-01
dc.description.abstractWe study local loan conditions when banks close branches. In places where branch closures do not take place, firms that purposely switch banks receive a sixty-three basis points (bps) discount. However, after the closure of nearby branches of their credit-granting banks, firms that locally and hurriedly transfer to other banks receive no such discount. Yet, the loan default rate for the latter (more expensive) transfer loans is on average a full percentage point lower than that for the former (cheaper) switching loans. This suggests that transfer firms are of "better"quality than switching firms. In sum, even if local markets remain competitive, when banks close branches, firms lose.pt_PT
dc.description.versioninfo:eu-repo/semantics/acceptedVersionpt_PT
dc.identifier.doi10.1093/rof/rfaa036
dc.identifier.eid85109869823
dc.identifier.issn1572-3097
dc.identifier.urihttp://hdl.handle.net/10400.14/34573
dc.identifier.wos000685219800007
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.relationDrivers of Growth in Bank Lending and Financial Crises
dc.relationCatólica Lisbon Research Unit in Business and Economics
dc.relationThe interplay between agents in the financial marketplace
dc.subjectBank branch closurespt_PT
dc.subjectD22pt_PT
dc.subjectD40pt_PT
dc.subjectF36pt_PT
dc.subjectG21pt_PT
dc.subjectInformation asymmetriespt_PT
dc.subjectLoan pricingpt_PT
dc.title"Sorry, we're closed" bank branch closures, loan pricing, and information asymmetriespt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.awardNumber740272
oaire.awardNumberUID/GES/00407/2013
oaire.awardNumberPTDC/EGE-OGE/30314/2017
oaire.awardTitleDrivers of Growth in Bank Lending and Financial Crises
oaire.awardTitleCatólica Lisbon Research Unit in Business and Economics
oaire.awardTitleThe interplay between agents in the financial marketplace
oaire.awardURIinfo:eu-repo/grantAgreement/EC/H2020/740272/EU
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UID%2FGES%2F00407%2F2013/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/3599-PPCDT/PTDC%2FEGE-OGE%2F30314%2F2017/PT
oaire.citation.endPage1259pt_PT
oaire.citation.issue4pt_PT
oaire.citation.startPage1211pt_PT
oaire.citation.titleReview of Financept_PT
oaire.citation.volume25pt_PT
oaire.fundingStreamH2020
oaire.fundingStream6817 - DCRRNI ID
oaire.fundingStream3599-PPCDT
person.familyNameBonfim
person.givenNameDiana
person.identifier.ciencia-id1116-0733-DDF9
person.identifier.orcid0000-0002-3108-8514
person.identifier.scopus-author-id25225177100
project.funder.identifierhttp://doi.org/10.13039/501100008530
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameEuropean Commission
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication9708558a-3b73-4eeb-b8f3-9b4d2b6dee47
relation.isAuthorOfPublication.latestForDiscovery9708558a-3b73-4eeb-b8f3-9b4d2b6dee47
relation.isProjectOfPublication552db111-2aa6-4e48-b0d6-1f6ca00673de
relation.isProjectOfPublicationc3097ce8-371e-4db7-b984-adca2513d2a3
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