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Persistent link: https://www.econbiz.de/10014289128
This paper examines how asymmetric information affects peer-to-peer lending in China. We find that default rates rise significantly with interest rates. Specifically, borrowers who select interest rates above the legal maximum private lending rate of 15.4% are more likely to default. A lack of...
Persistent link: https://www.econbiz.de/10013491996
Persistent link: https://www.econbiz.de/10010527146
This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...
Persistent link: https://www.econbiz.de/10010518789
This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...
Persistent link: https://www.econbiz.de/10010519820