We review research on the effects of banks on the real economy, including, but not limited to
articles in this Special Issue of the Journal of Corporate Finance. We focus primarily on US …

The extraordinary steps taken by governments during the 2007–2009 financial crisis to
prevent the failure of large financial institutions and support credit availability have invited …

We examine banks' exposure to climate transition risk using a bottom-up, loan-level
methodology incorporating climate stress test based on the Merton probability of default …

Abstract Theory suggests that government aid to banks may either reduce or increase
systemic risk. We are the first to address this issue empirically, analyzing the Troubled …

We investigate whether saving Wall Street through TARP really saved Main Street during the
recent financial crisis. Our difference-in-difference analysis suggests that TARP statistically …

We examine the impact of Federal Reserve stress tests from 2009 to 2016 on US bank
liquidity creation. Empirical results show that regulatory stress tests have a negative effect on …

We investigate benefits to business borrowers from bank bailouts, specifically the Troubled
Asset Relief Program (TARP). Applying difference‐in‐difference methodology to loan‐level …

Abstract Introduction/Main Objectives: This study aims to examine the specific determinants
of loan growth and the consequences of excessive loan growth on bank stability …

We study whether borrowers' opaque practices, such as tax aggressiveness, are affected by
their lenders' engagement in mergers and acquisitions (M&As). Our findings suggest that …

This paper investigates whether innovative Peer-to-Peer lending by FinTechs' has a
regulatory advantage over the big banks in respect of small business lending. We do this …