In this article, I review the theoretical and empirical literature on the effects of public and
private equity markets on firm behavior, emphasizing the consequences that emerge from …

We document the importance of covenant violations in transmitting bank health to
nonfinancial firms. Roughly one‐third of loans in our supervisory data breach a covenant …

We explore the impact of supervision on the riskiness, profitability, and growth of US banks.
Using data on supervisors' time use, we demonstrate that the top‐ranked banks by size …

We provide evidence that a weak banking sector has contributed to low productivity growth
following the European sovereign debt crisis. An unexpected increase in capital …

The average distance of US banks from their small corporate borrowers increased before
the global financial crisis, especially for banks in competitive counties. Small distant loans …

We examine the effects of banks' financial reporting frequency from 2000 to 2014 and find
that quarterly reporting improves their loan portfolio quality. Sample banks experience a …

This paper aims to investigate the transmission mechanism through which trade policy
uncertainty (TPU) impacts bank risk-taking via firms' capital market performance. The …

Using confidential loan officer survey data on lending standards and internal risk ratings on
loans, we document an effect of large-scale asset purchase programs (LSAPs) on lending …

Interconnectedness has been an important source of market failures, leading to the recent
financial crisis. Large financial institutions tend to have similar exposures and thus exert …

This paper examines the driving effect of economic policy uncertainty on bank systemic risk
with a distinction between systemic linkage and bank tail risk. Using bank-level data of 25 …