We study the effect on loan conditions of geographical distance between firms, the lending
bank, and all other banks in the vicinity. For our study, we employ detailed contract …

We investigate relationship lending using detailed contract information from nearly 18,000
bank loans to small Belgian firms operating within the continental European bank-based …

We study the impact of firm and industry characteristics on small firms’ capital structure,
employing a proprietary database containing financial statements of Dutch small and medium-…

This book provides a compendium to the empirical work investigating the hypotheses generated
by recent banking theory. Such a compendium is overdue. Since the publication of the …

We conduct face-to-face interviews with bank chief executive officers to classify 397 banks
across 21 countries as relationship or transaction lenders. We then use the geographic …

Two important characteristics of current equity markets are the large number of competing
trading venues with publicly displayed order books and the substantial fraction of dark trading, …

Robust (cross-border) interbank markets are important for the well functioning of modern
financial systems. Yet, a network of interbank exposures may lead to domino effects following …

Financial systems all over the world have grown dramatically over recent decades. But is
more finance necessarily better? And what concept of financial system – a focus on its size, …

How do banks react to increased competition? Recent banking theory significantly disagrees
regarding the impact of competition on bank orientation—ie, the choice of relationship-…

We combine recent findings from the empirical banking literature with established insights
from studies of banking competition and regulation. Motivated by modern theory of financial …