In this work, we built a model of bank-enterprise relationships in an adverse selection situation. The informational problem is resolved by a double device. First, firms choose the number of potential lenders, then banks deduce some information of debtors?quality, therefore, we obtain a...

Within a framework of information asymmetry, we study the informative content of a lease financing decision. The riskiest firms being most disposed to increase their economic risk, we show the rationality of a signalling equilibrium in which the firms of better quality voluntarily restrict their...