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| Author: | Dinc, S. |
| Title: | Bank reputation, bank commitment, and the effects of competition in credit markets |
| Journal: | Review of Financial Studies
2000 : FALL, VOL. 13:3, p. 781-812 |
| Index terms: | FINANCE COMPETITION CREDIT MARKETS |
| Language: | eng |
| Abstract: | This article discusses the effects of credit market competition on a bank's incentive to keep its commitment to lend to a borrower when the borrower's credit quality deteriorates. It is shown that, unlike in the borrower's commitment problem to keep borrowing from the same bank in "good" times, the increased competition may strengthen a bank's incentive to keep its commitment. |
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