We review research on the effects of banks on the real economy, including, but not limited to
articles in this Special Issue of the Journal of Corporate Finance. We focus primarily on US …

Productivity is the main factor holding back long-term economic growth in Italy. Since the
second half of the 1990s, productivity growth has been feeble both by historical standards …

Lending cuts by banks directly affect the firms borrowing from them, but also indirectly
depress economic activity in the regions in which they operate. This paper moves beyond …

We explore the causes of the credit crunch during the European sovereign debt crisis and its
impact on the corporate policies of European firms. Our results show that value impairment …

To avoid the complexity and time consumption of traditional statistical and mathematical
programming, intelligent techniques have gained great attention in different financial …

We study whether the solvency problems of Spain's weakest banks in the Great Recession
have caused employment losses outside the financial sector. Our analysis focuses on the …

This paper examines the supply chain effects of the most damaging cyberattack in history so
far. The attack propagated from the directly hit firms to their customers, causing a four-fold …

We explore the real effects of bank-lending shocks and how they permeate the economy
through buyer-supplier linkages. We combine administrative data on all Spanish firms with a …

In the context of the European crisis, we show that the security portfolio of banks plays an
important role in the propagation of financial shocks across countries. Using Italian loan …

This paper investigates the effect of access to finance on job growth in over 780,000 firms
across twenty-two developing countries. Using the introduction of credit bureaus as an …