题　目：“Time for a Change of Scenery”: Loan Conditions When Firms Switch Bank Branches

嘉　宾：戚树森 副教授 厦门大学

主持人：张大可 助理教授 77779193永利官网

时　间：2025年9月25日（周四）13:30-15:00

地　点：77779193永利官网 徐汇校区安泰包图A305

内容简介:

Banks are multidivisional organizations in which branches hold critical local knowledge about borrowers. Could this “soft” information be seamlessly transmitted across units? Studying the population of corporate loans originated by a large commercial bank in China from 2010 to 2020, we find that when firms switch branches within bank, the switching loans carry a significantly lower spread than the comparable nonswitching loans. After switching, the new branch further reduces the loan spreads initially, but ratchets it up afterwards, surprising evidence of the existence of intra-bank hold-up! By documenting how internal communication failures distort lending outcomes, our paper links the literature on relationship banking with theories of delegation, coordination, and information transmission in organizations.

演讲人简介：

Shusen Qi is an Associate Professor of Finance in School of Management at Xiamen University and a Research Fellow in Institute of Digital Finance at Peking University. His research interests lie in banking and climate finance and has published in Review of Finance, Journal of International Business Studies, Production and Operations Management, among others. He has visited BIS, EBRD, and many central banks around the world, including UK, Germany, Finland, Hungary, South Africa, and India.

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