We develop a new theory of information production during credit booms. In our model, entrepreneurs need credit to … themselves from such diversion in two ways: collateralization and costly screening, which generates durable information about … accumulates physical capital but depletes information about investment projects. As a result, collateral-driven booms end in deep …

are applied by 20 of top 33 world banks. Bank selection is based on information availability, geographic balance and … comprehensiveness of the language in which information is provided. This information is searched from the World Wide Web, with a minimum … accessible liquidity risk management information; a clear indication that in the post-crisis era, many top ranking banks do not …

. We build on this literature by showing that value-relevant information from technology spillovers significantly reduces … findings provide novel evidence that the information externality associated with peer firms' technology activities helps to …

qualities and agents have dispersed information about how productive the technology really is. Rational investors decide whether … to invest based on their private information and the investment behavior of others. Herd-driven boom-bust cycles arise … endogenously in this environment when the technology is unproductive but investors' initial information is unusually optimistic …