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| Author: | Bofondi, M. Gobbi, G. |
| Title: | Informational barriers to entry into credit markets |
| Journal: | Review of finance
2006 : VOL. 10:1, p. 39-67 |
| Index terms: | asymmetric information credit markets defaults finance |
| Language: | eng |
| Abstract: | In this paper, the authors test theories which suggest that asymmetric information between incumbents and entrants can create barriers of entry into credit markets because incumbents have superior information on the local credit market. The results show that asymmetric information plays a significant role in explaining entrantsÂ’ loan default rates. |
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