credit on firms' future profits. Consistent with the notion that lines of credit provide firms with unique financial … flexibility and enhance their strategic position within the industry, I find evidence that the acquisition of lines of credit … for firms in more competitive industries, fewer lines of credit are acquired per firm both in terms of the number and …

-adjusted bank competition, due to weaker bank incentives for information production. In order to improve credit allocation across …Do policies that promote credit access have an impact on targeted borrowers? To address this question, we develop a … theoretical model of information production, regulation and bank competition and test its predictions using the Community …

We investigate the influences of local product market competition on the cost of private debt. Our evidence suggests … competition measured by the Herfindahl-Hirschman Index for resident industries. To establish causality, we examine the recognition … competition. We find that the cost of bank loans is lower for firms facing less intense local product market competition after the …

entry of a remote, specialized lender to estimate the impact of specialized lending on credit access. Entry significantly …Small business lending has historically been very local, but distances between small businesses and their lenders have … steadily increased over the last forty years. This paper investigates a new lending strategy made possible by distant small …

This paper studies the relationship between competition measures at the bank level and the price of credit for non …-financial firms in Mexico during 2009-2016. Two indicators of competition are constructed: the Lerner indicator and the Boone …

We analyze the performance of marketplace lending using loan cash flow data from the largest platform, Lending Club. We … concentration of deposits and the presence of national banks, are related to the performance of loans. Thus, marketplace lending has … the potential to finance a growing share of the consumer credit market in the absence of a competitive response from the …

billion to examine whether the fintech lending platform could expand credit access to consumers. We find that LendingClubâ …€™s consumer lending activities have penetrated areas that may be underserved by traditional banks, such as in highly concentrated …

In a banking environment such as Romania's, constantly changing and subject to the pressure of a fierce competition … far was a frantic competition between banks mainly aiming at filling the market share. Also consider that 2013 could be a … interest margins and competition, increase investment costs for expanding networks, but also the global liquidity crisis …

We find that competition from payday lenders leads depository institutions to raise overdraft fees and reduce the …. Payday credit is priced per dollar borrowed, so when that option is available, depositors prone to small overdrafts switch … at banks and other depository institutions increases when depositors have access to payday credit. Our findings …