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Credit Building or Credit Crumbling? A Credit Builder Loan’s Effects on Consumer Behavior, Credit Scores and Their Predictive Power
Burke, Jeremy - 2019
There is little evidence on how the large market for credit score improvement products affects consumers or credit market efficiency. A randomized encouragement design on a standard credit builder loan (CBL) identifies null average effects on whether consumers have a credit score and the score...
Persistent link: https://www.econbiz.de/10012480056
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Short-Term Contracts as a Monitoring Device
Rey, Patrick - 1993
This paper focuses on two separate problems. The first is that frequently, the most profitable use of funds involves long-term investments, which militiates for long-term debt contracts. The second problem is to monitor the investor's use of funds, as exemplified by the U.S. S&L saga, and we...
Persistent link: https://www.econbiz.de/10012474431
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Reputation Formation in Early Bank Debt Markets
Gorton, Gary - 1993
of new banks issuing bank notes for the first time during the America Free Banking Era (1838-1860). The presence of a …
Persistent link: https://www.econbiz.de/10012474551
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Economic Growth and Bank Innovation
Gorton, Gary; He, Ping - National Bureau of Economic Research - 2021
since the mid-1930s when banks invented the term loan. Concurrently, bank innovation first involved the invention of credit … analysis and covenant design. Later, bank innovation included the advent of loan sales, increased loan syndications, the … calibrate a model of bank innovation to determine the quantitative contribution of bank innovation to economic growth …
Persistent link: https://www.econbiz.de/10012660004
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The Relationship Dilemma : Organizational Culture and the Adoption of Credit Scoring Technology in Indian Banking
Mishra, Prachi - 2019
banks suggests that neither bank size nor government ownership fully explains adoption patterns. Organizational culture …
Persistent link: https://www.econbiz.de/10012479645
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Bank Examiners’ Information and Expertise and Their Role in Monitoring and Disciplining Banks Before and During the Panic of 1893
Calomiris, Charles W. - 2018
quality of bank assets and management. All three types of information were useful for gauging the condition of the bank, and … affected bank behavior, including a publicly observable signal (skipping a dividend payment). Participants in the market for … bank liabilities reacted to this signal in ways that promoted market discipline …
Persistent link: https://www.econbiz.de/10012453254
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Incentivizing Calculated Risk-Taking : Evidence from an Experiment with Commercial Bank Loan Officers
Cole, Shawn - 2013
We use an experiment with commercial bank loan officers to test how performance based compensation affects risk …
Persistent link: https://www.econbiz.de/10012459190
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Information-Based Pricing in Specialized Lending
Blickle, Kristian; He, Zhiguo; Huang, Jing; Parlatore, … - National Bureau of Economic Research - 2024
similar data processing systems, possess "general" signals regarding the borrower's quality. However, the specialized bank …
Persistent link: https://www.econbiz.de/10014486246
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FinTech as a Financial Liberator
Buchak, Greg; Hu, Jiayin; Wei, Shang-jin - National Bureau of Economic Research - 2021
A binding interest rate cap on household savings is a common form of financial repression in developing economies and typically benefits banks. Using proprietary data from a leading Chinese FinTech company, we study Fintech's role in ending financial repression in China through the introduction...
Persistent link: https://www.econbiz.de/10012696357
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Corporate Misreporting and Bank Loan Contracting
Graham, John R. - 2007
This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans …
Persistent link: https://www.econbiz.de/10012464938