PRESBITERO, ANDREA F.; UDELL, GREGORY F.; ZAZZARO, ALBERTO - In: Journal of Money, Credit and Banking 46 (2014) s1, pp. 53-85
Using detailed data on loan applications and decisions for a large sample of manufacturing firms in Italy during the recent financial crisis, we find that the credit crunch has been harsher in provinces with a large share of branches owned by distantly managed banks. Inconsistent with a flight...