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| Author: | Kallberg, J.G. Udell, G.F. |
| Title: | The value of private sector business credit information sharing: The US case |
| Journal: | Journal of Banking and Finance
2003 : MAR, VOL 27:3, p. 449-469 |
| Index terms: | Information Case studies USA |
| Freeterms: | Lending |
| Language: | eng |
| Abstract: | This paper investigates the value added by private information exchanges that share information on business payment performance. It is discussed how this information is collected and disseminated by the world's largest private information broker, Dun & Bradstreet. The first empirical examination of the importance of this information at the lending decision level is provided. The findings indicate that exchange-generated information provides significant explanatory power in failure prediction models controlling for other credit information that is easily available to lenders. This study complements the work of Jappelli and Pagano (Information sharing, lending and defaults etc., Discussion Paper 2184, 1999) who find in cross-country macro level tests that information exchanges add value. |
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