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 itself, with important heterogeneity: those with loans outstanding …

discounted more heavily by lenders, compared to firms which have credit histories (but are otherwise identical), and that this … reputation effect in debt prices is confirmed: the debt of new banks is discounted more heavily than banks with credit histories …

, exploiting the sluggish adjustment of credit ratings in downgrading after M&A and adversely affecting competitors' employment and …

since the mid-1930s when banks invented the term loan. Concurrently, bank innovation first involved the invention of credit …

carbon footprints tend to have lower credit ratings and higher yield spreads, particularly when their facilities are located …, we provide evidence that climate regulatory risks causally affect bond credit ratings and yield spreads. Accordingly, the …

data to assess borrowers' creditworthiness results in broader credit access. Comparing actual outcomes of the fintech … borrowers most positively affected are the "invisible primes"--borrowers with low credit scores and short credit histories, but …

's rating, Standard & Poor's rating, and accounting measures of credit worthiness such as coverage and leverage. We find that … statistics. These results indicate (1) that market participants base their evaluations of an issue's credit worthiness on more …

Credit scoring was introduced in India in 2007. We study the pace of its adoption by new private banks (NPBs) and state …