Essec\Faculty\Model\Contribution {#2216 ▼
#_index: "academ_contributions"
#_id: "10552"
#_source: array:26 [
"id" => "10552"
"slug" => "10552-information-sharing-and-information-acquisition-in-credit-markets"
"yearMonth" => "2014-07"
"year" => "2014"
"title" => "Information Sharing and Information Acquisition in Credit Markets"
"description" => "KARAPETYAN, A. et STACESCU, B. (2014). Information Sharing and Information Acquisition in Credit Markets. <i>Review of Finance (ex European Finance Review)</i>, 18(4), pp. 1583-1615. 
KARAPETYAN, A. et STACESCU, B. (2014). Information Sharing and Information Acquisition in Credit Mar "
"authors" => array:2 [
0 => array:3 [
"name" => "KARAPETYAN Artashes"
"bid" => "B00753681"
"slug" => "karapetyan-artashes"
]
1 => array:1 [
"name" => "STACESCU Bogdan"
]
]
"ouvrage" => ""
"keywords" => array:5 [
0 => "Bank competition"
1 => "information sharing"
2 => "relationship bank"
3 => "hard"
4 => "soft"
]
"updatedAt" => "2021-07-13 14:31:38"
"publicationUrl" => "http://dx.doi.org/10.2139/ssrn.1735392"
"publicationInfo" => array:3 [
"pages" => "1583-1615"
"volume" => "18"
"number" => "4"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
]
"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "Since information asymmetries have been identified as an important source of bank profits, it may seem that the establishment of information sharing (e.g., introducing credit bureaus or public registers) will lead to lower investment in acquiring information. However, banks base their decisions on both hard and soft information, and it is only the former type of data that can be communicated credibly. We show that when hard information is shared, banks will invest more in soft information. These will produce more accurate lending decisions, provide higher welfare, lead to an increased focus on relationship banking and favor informationally opaque borrowers. We test our theory using a large sample of firm-level data from 24 countries Since information asymmetries have been identified as an important source of bank profits, it may se "
"en" => "Since information asymmetries have been identified as an important source of bank profits, it may seem that the establishment of information sharing (e.g., introducing credit bureaus or public registers) will lead to lower investment in acquiring information. However, banks base their decisions on both hard and soft information, and it is only the former type of data that can be communicated credibly. We show that when hard information is shared, banks will invest more in soft information. These will produce more accurate lending decisions, provide higher welfare, lead to an increased focus on relationship banking and favor informationally opaque borrowers. We test our theory using a large sample of firm-level data from 24 countries Since information asymmetries have been identified as an important source of bank profits, it may se "
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2025-03-30T16:21:40.000Z"
"docTitle" => "Information Sharing and Information Acquisition in Credit Markets"
"docSurtitle" => "Journal articles"
"authorNames" => "<a href="/cv/karapetyan-artashes">KARAPETYAN Artashes</a>, STACESCU Bogdan"
"docDescription" => "<span class="document-property-authors">KARAPETYAN Artashes, STACESCU Bogdan</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2014</span> <span class="document-property-authors">KARAPETYAN Artashes, STACESCU Bogdan</span><br><span class=" "
"keywordList" => "<a href="#">Bank competition</a>, <a href="#">information sharing</a>, <a href="#">relationship bank</a>, <a href="#">hard</a>, <a href="#">soft</a> <a href="#">Bank competition</a>, <a href="#">information sharing</a>, <a href="#">relationship bank "
"docPreview" => "<b>Information Sharing and Information Acquisition in Credit Markets</b><br><span>2014-07 | Journal articles </span> <b>Information Sharing and Information Acquisition in Credit Markets</b><br><span>2014-07 | Journal "
"docType" => "research"
"publicationLink" => "<a href="http://dx.doi.org/10.2139/ssrn.1735392" target="_blank">Information Sharing and Information Acquisition in Credit Markets</a> <a href="http://dx.doi.org/10.2139/ssrn.1735392" target="_blank">Information Sharing and Information "
]
+lang: "en"
+"_type": "_doc"
+"_score": 8.966824
+"parent": null
}
