Hao, Li; Nandy, Debarshi K.; Roberts, Gordon S. - In: Journal of Financial and Quantitative Analysis 47 (2012) 06, pp. 1247-1278
We investigate how differences in regulation regarding banking-commerce integration and banking sector concentration influence loan spreads across 29 countries. Theoretical research posits conflicting effects based on agency costs, information asymmetry costs, and market power. Increased...