-liability (JL) to individual liabil- ity (IL) lending models. This article tests a theory explaining this shift, focusing on …

interpreted as the buyer choosing between diversification and competition benefits. Better information increases diversification … revenue: for large revenue, the buyer uses the dual sourcing option for diversification, the benefits of which increase with …

This paper develops a theory of financing of entrepreneurial ventures via crypto tokens, which is not limited to … an agency problem often associated with equity financing -- entrepreneurial effort underprovision. Our theory abstracts …

borrower and syndicated members. It cause participant to be highly dependent to the lead arranger. The theory predicts that the … diversification effect (lead pricing).This study uses two stage least squares (2SLS) to determine the existence of asymmetry … information effect and diversification effect in loan pricing. This study used a sample of the entire LIBOR-based lending in Asia …