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Economic models of reputation make strong assumptions about the information available to players.  In particular, it is … observe in the real world.  We build a model of reputation with more realistic assumptions about the partial knowledge of the …
Persistent link: https://www.econbiz.de/10009291911
centrality, considered as measures of their experience and reputation, on borrowing costs. We show that the market for syndicated … lenders’ experience and reputation play a significant role in reducing loan spreads and thus increasing borrower’s wealth. …
Persistent link: https://www.econbiz.de/10008599641
-weighted information may be maximized by a different regime, in which all replying is anonymous. Reputation effects play a key role in our …
Persistent link: https://www.econbiz.de/10010604981
, concentration, experience, reputation, and national diversity clearly matters for the duration of a syndication process and … effects are more pronounced when the borrower has a low reputation on the syndicated lending market and when his opacity is …
Persistent link: https://www.econbiz.de/10005811662
collective reputation with the wider membership of her cabinet; we show that heterogeneity of cabinet membership can play an …
Persistent link: https://www.econbiz.de/10005047938
Reputation of financial institutions is crucial for their activity and performance. Participant banks often rely on … lead bank’s reputation in making future syndicated loan participation and lending decisions. We apply ordered probit … regression techniques to a sample of more than 4,600 loans to investigate the determinants of participant banks reputation on the …
Persistent link: https://www.econbiz.de/10010742552
Social networks and reputation are believed to play important roles in mitigating informational frictions related to … financial intermediation, in particular bank lending. We investigate the effect of the network and reputation of financial …
Persistent link: https://www.econbiz.de/10011168662
changed at zero cost.  This paper examines the reputation mechanisms that keep this market working and considers whether they …
Persistent link: https://www.econbiz.de/10011133067