firms in the non-financial sector. It finds that bank competition has an overall positive effect on firm creation. However … firms, it also finds that asymmetric information limits the overall positive effect of bank competition on firm creation …. Indeed, bank competition is less favorable to the emergence of new firms in industrial sectors where informational …

Superior information exchanged over the course of lending relationships generates bank-client specificities to the …. Negative shocks, associated with monetary contractions or foreign entry, cause a reallocation of bank credit away from more … transparent borrowers and toward more opaque, more captured borrowers. The paper applies these ideas to the analysis of bank …

The volume of credit extended by a bank can be an informative signal of its abilities in loan selection and management …