Brown, Martin; Schaller, Matthias; Westerfeld, Simone; … - School of Finance, Universität St. Gallen - 2012
We employ a unique dataset of 6,669 credit assessments for 3,542 small businesses by nine banks using an identical rating model over the period 2006-2011 to examine (i) to what extent loan officers use their discretion to smooth credit ratings of their clients, and (ii) to assess whether this...
