Bank Local Specialization

Anne Duquerroy (), Cl ment Mazet-Sonilhac, Jean-St phane M Sonnier and Daniel Paravisini
Authors registered in the RePEc Author Service: Jean-Stéphane Mésonnier

Working papers from Banque de France

Abstract: Using micro-data on bank-SME relationships in France, we show that banks specialize locally by industry and that this specialization shapes the equilibrium amount of lending. We use the reallocation of firms accounts from closed branches to nearby branches of the same bank, as a source of quasi-random variation in the match between a firm s industry and the industry of specialization of its bank. Reallocation is associated with a significant and persistent drop in credit, the magnitude of which doubles for firms transferred to a branch less specialized in their industry.

Keywords: Bank Specialization; SMEs; Relationship Banking; Branch Closures (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Pages: 57 pages
Date: 2022
New Economics Papers: this item is included in nep-ban, nep-eur and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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https://publications.banque-france.fr/sites/defaul ... /documents/wp865.pdf

Related works:
Working Paper: Bank Local Specialization (2022)
Working Paper: Bank Local Specialization (2022)
Working Paper: Bank Local Specialization (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:865

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