Showing 1 - 10 of 835,277
Persistent link: https://www.econbiz.de/10001269944
extracting the full surplus from projects, so that she inefficiently rejects marginally profitable projects. Collateral mitigates … relatively smaller information advantage face higher collateral requirements, and that technological innovations that narrow the … information advantage of local lenders, such as small business credit scoring, lead to a greater use of collateral in lending …
Persistent link: https://www.econbiz.de/10010380234
Persistent link: https://www.econbiz.de/10001466680
Persistent link: https://www.econbiz.de/10000992982
Persistent link: https://www.econbiz.de/10003066211
Persistent link: https://www.econbiz.de/10001775089
Persistent link: https://www.econbiz.de/10012117885
Persistent link: https://www.econbiz.de/10011487447
Although credit rationing has been a stylized fact since the groundbreaking papers by Stiglitz and Weiss (1981, hereinafter S-W) and Besanko and Thakor (1987a, hereinafter B-T), Arnold and Riley (2009) note that credit rationing is unlikely in the S-W model, and Clemenz (1993) shows that it does...
Persistent link: https://www.econbiz.de/10009790502
Persistent link: https://www.econbiz.de/10010392217