Manju Puri (Duke)

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Manju Puri


A seminar by Manju Puri from Duke University

Title: Bank Entrepreneurs

Abstract: This paper provides the first analysis of entrepreneurs chartering deposit-insured banks in the U.S. By merging hand-collected biographical data on entrepreneurs of De Novo banks with detailed call reports, we directly connect entrepreneurial characteristics to corporate policy and firm outcomes. First, we find strong evidence that bank entrepreneurs are driven by local opportunities, bring significant banking and managerial experience, have the networks necessary to raise local funding, and extend past lending practices. Second, to better identify the value of each individual in our study, we confirm that a new bank’s lending policies are strongly predicted by the prior employment experiences of the bank’s entrepreneurs. Exploiting these relationships, we illustrate the entrepreneur has a causal effect on loan and bank performance, as well as the likelihood of failure.

Start date:

11am Monday, 15 Jul 2019

End date:

12.30pm Monday, 15 Jul 2019




Manju Puri

Updated:   15 July 2019 / Responsible Officer:  CBE Communications and Outreach / Page Contact:  College Web Team