Ownership and Asymmetric Information Problems in the Corporate Loan Market: Evidence from a Heteroskedastic Regression

2009 ◽  
Author(s):  
Viktors Stebunovs ◽  
Lewis W Gaul
Keyword(s):  
Asymmetric Information ◽  
Loan Market ◽  
Corporate Loan

Disequilibrium in the UK corporate loan market

2004 ◽  
Vol 28 (3) ◽  
pp. 595-614 ◽  
Author(s):  
Christina V Atanasova ◽  
Nicholas Wilson
Keyword(s):  
Loan Market ◽  
The Uk ◽  
Corporate Loan

scholarly journals Is the Corporate Loan Market Globally Integrated? A Pricing Puzzle

2007 ◽  
Vol 62 (6) ◽  
pp. 2969-3007 ◽  
Author(s):  
MARK CAREY ◽  
GREG NINI
Keyword(s):  
Loan Market ◽  
Corporate Loan

Competition in Loan Contracts

2001 ◽  
Vol 91 (5) ◽  
pp. 1311-1328 ◽  
Author(s):  
Christine A Parlour ◽  
Uday Rajan
Keyword(s):  
Interest Rate ◽  
Asymmetric Information ◽  
Loan Contracts ◽  
Debt Level ◽  
Loan Market ◽  
Competitive Outcome ◽  
Monopoly Price

We present a model of an unsecured loan market. Many lenders simultaneously offer loan contracts (a debt level and an interest rate) to a borrower. The borrower may accept more than one contract. Her payoff if she defaults increases in the total amount borrowed. If this payoff is high enough, deterministic zero-profit equilibria cannot be sustained. Lenders earn a positive profit, and may even charge the monopoly price. The positive-profit equilibria are robust to increases in the number of lenders. Despite the absence of asymmetric information, the competitive outcome does not obtain in the limit. (JEL D43, L13, L14)

scholarly journals Clustered pricing in the corporate loan market: Theory and empirical evidence

2019 ◽  
Vol 157 ◽  
pp. 275-296 ◽  
Author(s):  
Sajid M. Chaudhry ◽  
Elnaz Bajoori ◽  
Shasi Nandeibam
Keyword(s):  
Empirical Evidence ◽  
Market Theory ◽  
Loan Market ◽  
Corporate Loan

scholarly journals Asymmetric Information and the Automobile Loan Market

2007 ◽  
pp. 93-116 ◽  
Author(s):  
Sumit Agarwal ◽  
Brent W. Ambrose ◽  
Souphala Chomsisengphet
Keyword(s):  
Asymmetric Information ◽  
Loan Market

scholarly journals Is The Corporate Loan Market Globally Integrated? A Pricing Puzzle

2004 ◽  
Vol 2004 (813) ◽  
pp. 1-47 ◽  
Author(s):  
Mark S. Carey ◽  
◽  
Greg Nini
Keyword(s):  
Loan Market ◽  
Corporate Loan
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