screen out high credit risk and potentially increase access to credit for small business owners in Peru. We use … entrepreneurs who were offered a loan based on the traditional credit-scoring method versus the EFL tool. We find that the … entrepreneurs - i.e., those with a credit history. For unbanked entrepreneurs - i.e., those without a credit history - using the EFL …

In this paper we analyze the access to credit of innovative firms on the price and non-price dimensions of bank lending … in innovative processes. Further, innovative firms have a lower probability of being credit rationed than their non …

loan officers' compensation, banks' use of soft information in credit approval, and their lending standards. When … more competition, banks lower lending standards, may choose to disregard soft and use only hard information in their credit …

uncollateralized credit. We find that this kind of policy is more successful in suppressing equity price swings than moderating output …

transparent borrowers pay significantly less on their debts, which is in line with the asset pricing theory …

loan officers' compensation, banks' use of soft information in credit approval, and their lending standards. When … more competition, banks lower lending standards, may choose to disregard soft and use only hard information in their credit …

information acquisition by small banks. These findings are consistent with the organizational theory that predicts a comparative …

prepay, we show that high prepayment risk can trigger credit rationing by the bank. However, an upfront fee, which allows the …-sensitive debt, as the theory predicts. Higher prepayment risk caused by exogenous merger activity in the industry of the borrower …