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The information advantage from existing bank-firm relationships -evidence from new clients' screening

文献类型：期刊论文

作者Wang, Yun1; Yang, Xiaoguang2,3
刊名ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS
出版日期2021-09-11
页码20
关键词Related firms bank-firm relationships new clients default risk
ISSN号1608-1625
DOI10.1080/16081625.2021.1976226
英文摘要Using a unique dataset from 17 major banks in China, we investigate whether related firms serve as an alternative information channel. We find that compared with new clients with no related firms, new clients with related firms are less likely to default. And the difference in default rates becomes more pronounced when new clients have multiple related firms or the related firms have intense relationships with the bank. Moreover, this difference increases with new clients' degree of information asymmetry. Our results suggest that the existing bank-firm relationships from related firms play an important role in the screening process.
资助项目National Natural Science Foundation of China[71850008] ; National Natural Science Foundation of China[71532013] ; Fundamental Research Funds for the Central Universities in UIBE[17DQ08]
WOS研究方向Business & Economics
语种英语
WOS记录号WOS:000695060600001
出版者ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
源URL[http://ir.amss.ac.cn/handle/2S8OKBNM/59221]  
专题中国科学院数学与系统科学研究院
通讯作者Wang, Yun
作者单位1.Univ Int Business & Econ, Sch Banking & Finance, Beijing, Peoples R China
2.Chinese Acad Sci, Acad Math & Syst Sci, Beijing, Peoples R China
3.Univ Chinese Acad Sci, Sch Econ & Management, Beijing, Peoples R China
推荐引用方式
GB/T 7714		 Wang, Yun,Yang, Xiaoguang. The information advantage from existing bank-firm relationships -evidence from new clients' screening[J]. ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS,2021:20.
APA Wang, Yun,&Yang, Xiaoguang.(2021).The information advantage from existing bank-firm relationships -evidence from new clients' screening.ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS,20.
MLA Wang, Yun,et al."The information advantage from existing bank-firm relationships -evidence from new clients' screening".ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS (2021):20.

入库方式： OAI收割

来源：数学与系统科学研究院

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