摘要 : I test the implications of borrower-lender physical and organizational distance for the loan default rate of Italian firms. I use a macro data set for the 1997-2011 period, which allows me to consider the effects of the internatio... 展开 I test the implications of borrower-lender physical and organizational distance for the loan default rate of Italian firms. I use a macro data set for the 1997-2011 period, which allows me to consider the effects of the international financial crisis too. I find that physical distance impedes information collection and monitoring and is inversely linked to credit quality. I also find that hard information can mitigate the adverse effects of physical distance on financing enterprises, showing the increasing importance of technological changes. Finally, I find evidence of the impact of organizational distance on default rates in less developed regions. 收起