This study presents a novel approach for identifying bunching in small, noisy data using the
cumulative distribution function (CDF). The proposed approach is based on the observation …

This paper provides causal evidence of the effects of the M&A market on target firms'
corporate policies. Using antitrust regulatory thresholds to directly link the probability of a …

We uncover that the Community Reinvestment Act (CRA), a major policy aimed to reduce
geographic inequality in credit access, can widen disparities across regions, despite …

The growing presence of FinTech and shadow banks could have spillover effects on bank
lending. We study this possibility in the context of small mortgages, which are low balance …

Using the SEC's 2004 decision to begin publicly disclosing its comment letters, we study the
consequences of increased regulatory transparency on the banking industry. Because the …

We empirically examine the impact of the Community Reinvestment Act (CRA) on banks'
branching and lending decisions as the banking sector undergoes a structural …