Haku
Viitteet 1-2 / 2
Do banks extract informational rents through collateral?
(17.03.2016)
BOFIT Discussion Papers 5/2016
BOFIT Discussion Papers 5/2016
This paper investigates if relationship lending and bank market concentration permit informational rent extraction through collateral. We use equity IPOs as informational shocks that erode rent seeking opportunities. Using ...
Does bank competition reduce cost of credit? Cross-country evidence from Europe
(30.03.2016)
BOFIT Discussion Papers 6/2016
BOFIT Discussion Papers 6/2016
Despite the extensive debate on the effects of bank competition, only a handful of single-country studies deal with the impact of bank competition on the cost of credit. We contribute to the literature by investigating the ...