Tian, Lihui (contributor) - 2002 - [Elektronische Ressource]
knowledge helps to reduce asymmetric information.
Moreover, typical bank loans are short term. When bank loans are renewed, the … collect information and monitor firms to ensure the returns to the depositors (e.g.,
Diamond 1984). Bankers’ specialized … creditors have limited information on the future return
of an investment and cannot commit to terminating ex post unprofitable …