| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4921 |
| 来源ID | Working Paper 4921 |
| The Effect of Credit Market Competition on Lending Relationships | |
| Mitchell A. Petersen; Raghuram G. Rajan | |
| 发表日期 | 1994-11-01 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | This paper provides a simple model showing that the extent of competition in credit markets is important in determining the value of lending relationships. Creditors are more likely to finance credit constrained firms when credit markets are concentrated because it is easier for these creditors to internalize the benefits of assisting the firms. The model has implications about the availability and the price of credit as firms age in different markets. The paper offers evidence for these implications from small business data. It concludes with conjectures on the costs and benefits of liberalizing financial markets, as well as the timing of such reforms. |
| 主题 | Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w4921 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562339 |
| 推荐引用方式 GB/T 7714 | Mitchell A. Petersen,Raghuram G. Rajan. The Effect of Credit Market Competition on Lending Relationships. 1994. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4921.pdf（666KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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