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Screening, Bidding, and the Loan Market Tightness
Shi, Shouyong; Cao, Melanie - 1999
Bank loans are more available and cheaper for new and small businesses in the US in areas with highly concentrated banks than in areas with highly competitive banks. We explain this fact by analyzing banks' decisions to screen risky projects and their subsequent competition in loan provisions....
Persistent link: https://www.econbiz.de/10011940617
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Screening, Bidding, and the Loan Market Tightness
Cao, Melanie; Shi, Shouyong - Financial Institutions Center, Wharton School of Business - 2000
uninformed banks in bidding to attenuate the winner's curse. We also brie°y examine policy implications. …
Persistent link: https://www.econbiz.de/10005794321
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Screening, Bidding, and the Loan Market Tightness
Cao, Melanie; Shi, Shouyong - Centre de Recherche sur l'Emploi et les Fluctuations … - 1999
the screening cost is high, in which case there are sufficiently many uninformed banks in bidding to attenuate the …
Persistent link: https://www.econbiz.de/10005168671
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Screening, Bidding, and the Loan Market Tightness
Shi, Shouyong; Cao, Melanie - Economics Department, Queen's University - 1999
Bank loans are more available and cheaper for new and small businesses in the US in areas with highly concentrated banks than in areas with highly competitive banks. We explain this fact by analyzing banks' decisions to screen risky projects and their subsequent competition in loan provisions....
Persistent link: https://www.econbiz.de/10005653184