Bellucci, Andrea; Borisov, Alexander; Zazzaro, Alberto - Dipartimento di Economia e Finanza (DEF), Libera … - 2013
In this paper we explore the effects of bank-borrower physical proximity on price and non-price aspects of small business lending in local credit markets. Along the price dimension, our analysis reveals that interest rates increase with bank-borrower distance and decrease with the distance...