Cerqueiro, Geraldo; Degryse, Hans; Ongena, Steven - In: Journal of Financial Intermediation 20 (2011) 4, pp. 503-529
Loan rates for seemingly identical borrowers often exhibit substantial dispersion. This paper investigates the determinants of the dispersion in interest rates on loans granted by banks to small and medium sized enterprises. We associate this dispersion with the loan officers' use of...