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| Author: | Hauswald, R. Marquez, R. |
| Title: | Information technology and financial services competition |
| Journal: | Review of Financial Studies
2003 : FALL, VOL. 16:3, p. 921-948 |
| Index terms: | Information technology Financial services Competition |
| Language: | eng |
| Abstract: | In the context of credit screening, the authors show that better access to information decreases interest rates and the returns from screening. However, an improved ability to process information increases interest rates and bank profits. The results generalize to other financial markets where informational asymmetries drive profitability, such as insurance and securities markets. |
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