Hometown Lending
研究发现银行在其CEO童年家乡开设更多分行并发放更多贷款，这些贷款包含更多软信息且违约率更低，但并未影响银行整体业绩，表明信贷从远离CEO家乡的地区重新分配到了其家乡附近。
Abstract Banks open more branches and make more lending near their CEOs’ childhood hometowns. The effects are stronger among informationally opaque borrowers and among CEOs who spend more time in their childhood hometowns. Furthermore, loans originated near CEOs’ hometowns contain more soft information and have lower ex post default rates, implying that hometown loans are more informed. Hometown lending does not affect aggregate bank outcomes, suggesting that credit is being reallocated from regions located farther away to regions proximate to bank CEOs’ hometowns.