predictions using a hand-collected dataset on credit line negotiations. Firms signing the bank's offer right away draw down their … parsimonious model of a credit negotiation between a bank and firms with varying levels of impatience. In equilibrium, impatient … line of credit after origination and default more than late signers. Late signers negotiate price adjustments more …

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

credit market. Our findings, however, are still in line with credit rationing theory. We show that better financial … source of credit. We aim to learn why households refuse to become clients of a bank and prefer to instead raise funds by …'s choice of the informal credit market is based not only on economic factors, but also on some institutional ones, including …

rights, we find that adoption of ARL increases the likelihood of BCC inclusion. Using credit default swap (CDS) trading as a …