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We use unique data on banks' private risk assessments of corporate borrowers to quantify how competition among banks affect the risk sensitivity of interest rates in the Norwegian credit market. We show that an increase in competition makes corporate lending rates less sensitive to banks' own...
Persistent link: https://www.econbiz.de/10012795608
evidence for bank income smoothing using loan loss provisions. There is greater income smoothing in the second-wave Fintech era … wave era. Bank income smoothing is also greater in (i) BIS and EU countries than in non-EU countries and G7 countries, (ii …
Persistent link: https://www.econbiz.de/10013251823
Fintechs are believed to help expand credit access to underserved consumers without taking on additional risk. We compare the performance efficiency of LendingClub's unsecured personal loans with similar loans originated by banks. Using stochastic frontier estimation, we decompose the observed...
Persistent link: https://www.econbiz.de/10013272697
This study investigates the behavior of bank non-performing loans in the Fintech era. Using data from 35 developed … countries from 1998 to 2016, the findings show that non-performing loans are fewer in the second wave Fintech era. Also, bank …
Persistent link: https://www.econbiz.de/10013213669
We compare the performance of unsecured personal installment loans made by traditional bank lenders with that of … statistical noise. In 2013 and 2016, the largest bank lenders experienced the highest ratio of nonperformance, the highest … inherent credit risk, rather than by lending inefficiency. LendingClub’s performance was similar to small bank lenders as of …
Persistent link: https://www.econbiz.de/10012058938
Using 2013 and 2016 data, we compare the performance of unsecured consumer loans made by U.S. bank holding companies to … ratio, adjusted for statistical noise, and the minimum ratio gauges lending inefficiency. In 2013 and 2016, the largest bank … similar to the high average efficiency of the largest bank lenders - a conclusion that may not be applicable to other fintech …
Persistent link: https://www.econbiz.de/10011929306
already have access to bank credit. Firms access FinTech to obtain long-term unsecured loans and reduce their exposure to … obtaining a FinTech loan. Our findings suggest that FinTech allows firms to improve their financial flexibility and reduce bank …
Persistent link: https://www.econbiz.de/10014238723
businesses who already have access to bank credit. Firms use FinTech to obtain long-term unsecured loans and reduce their … increase leverage and substitute long-term bank debt with FinTech debt. Our findings suggest that FinTech allows firms to … preserve financial flexibility, reduce their bank dependence and exposure to banking shocks …
Persistent link: https://www.econbiz.de/10013302730
already have access to bank credit. Firms access FinTech to obtain long-term unsecured loans and reduce their exposure to … obtaining a FinTech loan. Our findings suggest that FinTech allows firms to improve their financial flexibility and reduce bank …
Persistent link: https://www.econbiz.de/10013492241
We analyze lending by traditional as well as FinTech lenders during COVID-19. Comparing samples of FinTech and bank … bank loans. Borrowers holding both loan types prioritize the payment of bank loans. These results shed light on the …
Persistent link: https://www.econbiz.de/10013247515