model further reinforces the phenomenon. Moreover, we found that bank-specifi c variables are more signifi cant as loan …

both on competition and on banks' risk taking incentives. Drawing on the literature on the uniqueness of bank loans vis …This paper develops a structural model of competition in the lending market to examine the impact of financial reforms …-2004). Our results suggest an increase in competition along with the reform process. The analysis of banks' risk taking …

Research shows that bank competition affects general economic and banking-related outcomes, but much less is known … that bank competition significantly reduces borrowers' risk-taking. In response to bank competition, firms invest in more … R&D risk. We also find that the decline in risk-taking is concentrated in operating accruals' volatility. Bank …

This paper investigates the relationship between bank competition and credit procyclicality for 17 OECD countries on … the 1986-2009 period. We account for heterogeneity among countries in terms of bank competition through the use of a … whether credit procyclicality is more important when the degree of bank competition is high. Our findings show that while …

empirical results on the relationship between bank competition and financial stability. The model can be used to define a …A model of imperfectly competitive banks is examined under asymmetric information about borrower quality. Greater bank … competition and a lower risk-free rate raise the screening costs of lending, which can result in pooling Nash equilibria with …