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The unique structure of syndicated lending results in information asymmetries within the lending syndicate between … effects of such information asymmetries, in this paper we propose a more direct measure. This offers new insights into how … junior and senior banks rely on their own and each other's information sets in lending syndicates. In particular, we look at …
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Starting with the international debt crisis in the early 1980s the volume of international barter trade increased substantially. This paper examines how barter can help highly indebted countries to finance imports if they cannot use standard credit arrangements. We argue that payment in goods is...
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Relationship lending helps reduce asymmetric information, which potentially creates benefits for borrowers. However … literature using hand-collected information from 101 studies in the United States., Europe, Asia and Latin America from 1970 … relationships' dimensions. Long-lasting, exclusive and synergy-creating bank relationships are associated with higher credit volume …
Persistent link: https://www.econbiz.de/10013065137
Institutional factors that enhance the quality of financial reporting and sharing of credit information can alleviate … improved credit information sharing. We also find that information quality is more important as compared to information sharing … for loan pricing. Both of these effects are larger during periods of higher economic policy uncertainty when information …
Persistent link: https://www.econbiz.de/10012219516
among depositors or information asymmetries between depositors and bank managers to explain bank runs. This Article provides …This Article argues that information gaps—pockets of information that are pertinent and knowable but not currently … engage in any meaningful information gathering or analysis. The securities laws that prevail in the capital markets, however …
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