He, Zhiguo; Huang, Jing; Parlatore, Cecilia - National Bureau of Economic Research - 2024
precision (quality), capturing the emerging trend in fintech/non-bank lending where traditionally subjective ("soft … similar data processing systems possess hard signals about the borrower's hard fundamentals, and the specialized bank, who … fundamentals. We show that hardening soft information levels the playing field for the non-specialized bank by reducing its winner …