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Informational switching costs, bank competition and the cost of finance
Ornelas, José Renato Haas; Silva, Marcos Soares da; … - 2020
This paper studies the links between competition in the lending market and spreads of bank loans in Brazil. Evidence … interest rates as the bank-firm relationship duration increases. Both results are stronger for micro and small firms than for …
Persistent link: https://www.econbiz.de/10012256418
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Bank competition : when is it good?
Hainz, Christa - 2008
The effects of bank competition and institutions on credit markets are usually studied separately although both factors … are interdependent. We study the effect of bank competition on the choice of contracts (screening versus collateralized … effects of bank competition on collateralization, access to finance, and social welfare depend on the institutional …
Persistent link: https://www.econbiz.de/10010343924
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Banking Competition, Monitoring Incentives and Financial Stability
Vo, Quynh-Anh - 2010
This paper addresses the topic regarding the desirability of competition in banking industry. In a model where banks compete on both deposit and loan markets and where banks can use monitoring technology to control entrepreneurs' behavior, we investigate three questions: what are the effects of...
Persistent link: https://www.econbiz.de/10013152326
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Bank Competition, Information Choice and Inefficient Lending Booms
Petriconi, Silvio - 2015
screened and excessive in good times, and is inefficiently rationed during recessions. More bank competition exacerbates the …
Persistent link: https://www.econbiz.de/10013010077
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Quality of institutions, credit markets and bankruptcy
Hainz, Christa - 2004 - August, 2004 - draft
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank …-firm relationship and show that the bank's decision to liquidate bad firms has two opposing effects. First, the bank gets a payoff if a …
Persistent link: https://www.econbiz.de/10010440454
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Banking Competition, Monitoring Incentives and Financial Stability
Quynh Anhy, Vo Thi - 2010
This paper addresses the desirability of competition in banking industry. In a model where banks compete on both deposit and loan markets and where banks can use monitoring technology to control entrepreneurs' behavior, we investigate three questions: what are the effects of competition on...
Persistent link: https://www.econbiz.de/10014191429
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Softening competition by enhancing entry : an example from the banking industry
Bouckaert, Jan; Degryse, Hans - 2002
We show that competing firms relax overall competition by lowering future barriers to entry. We illustrate our findings in a two-period model with adverse selection where banks strategically commit to disclose borrower information. By doing this, they invite rivals to enter their market....
Persistent link: https://www.econbiz.de/10011541031
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Competition and the Ratchet Effect
Charness, Gary - 2010
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent's early actions to the agent's later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we experimentally...
Persistent link: https://www.econbiz.de/10012715529
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Competition and the Ratchet Effect
Charness, Gary; Kuhn, Peter; Villeval, Marie Claire - 2021
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent's early actions to the agent's later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we experimentally...
Persistent link: https://www.econbiz.de/10013324885
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Financial globalization : effects on banks' information acquisition and credit risk
Paik, Christopher - 2021
conduct investigations in the search of qualified loan borrowers. The model assumes that the domestic bank has a cost … advantage in evaluating a borrower’s credit quality compared to the competing foreign bank. Despite the cost heterogeneity, an … equilibrium exists in which two such banks coexist in the market. Specifically, the information cost advantaged bank orchestrates …
Persistent link: https://www.econbiz.de/10012607039