Plausibly Exogenous [1194] - Informational Friction (05/10/2023)
LHS Variable
Efficiency of firms’ compliance efforts
RHS Variable
Informational frictions between firms and regulators
Source of Exogenous Variation
Cross-sectional variation in the geographic distance between community banks and their regulators in more than 100 jurisdictions
- Wilson and Veuger (2017), “Information Frictions in Uncertain Regulatory Environments: Evidence from U.S. Commercial Banks”