Information asymmetries are known in theory to lead to inefficiently low credit provision, yet empirical estimates of … to estimate welfare losses arising from asymmetric information in the market for online consumer credit. Building on … price distortions, we find only small overall welfare losses, particularly for high-credit-score borrowers …

response to the increasing difficulties of the credit system in financing a business system in which the intangible assets are … change of the actors involved in the credit relationship. …

-religiosity counties have higher credit ratings and lower debt costs. The impact of religiosity is stronger for firms with greater …