银行组织内部的沟通和小企业贷款Communication within Banking Organizations and Small Business Lending


作者：罗斯·莱文
陈琳
彭其林
谢文思


摘要：
我们调查了银行内部的沟通如何影响小企业贷款。我们使用银行总部与其分支机构之间的旅行时间来代表软信息的交流费用，我们利用这些旅行时间的冲击来评估银行内部通信费用对小企业贷款的影响。与斯坦因（2002）在银行层次结构中传输软信息的模型一致，我们发现减少总部与分支机构之间的旅行时间可以增加分支机构县的小企业贷款。多项扩展建议表明，新的航空公司航线可促进软信息的传递，从而增加小企业的贷款。


AbstractWe investigate how communication within banks affects small business lending. Using travel time between a bank’s headquarters and its branches to proxy for the costs of communicating soft information, we exploit shocks to these travel times to evaluate the impact of within bank communication costs on small business loans. Consistent with Stein’s (2002) model of the transmission of soft information across a bank’s hierarchies, 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 the transmission of soft information, boosting small firm lending.

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