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

doi:10.1080/16081625.2021.1976226

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	The information advantage from existing bank-firm relationships -evidence from new clients' screening
	Wang, Yun 1; Yang, Xiaoguang 2,3
	2021-09-11
发表期刊	ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS
ISSN	1608-1625
页码	20
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.
关键词	Related firms bank-firm relationships new clients default risk
DOI	10.1080/16081625.2021.1976226
收录类别	SCI
语种	英语
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
WOS类目	Business, Finance ; Economics
WOS记录号	WOS:000695060600001
出版者	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/59222
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.