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dc.creatorGropp, Reint E.
dc.creatorGruendl, Christian
dc.creatorGuettler, Andre
dc.date.accessioned2021-09-28T09:16:58Z
dc.date.available2021-09-28T09:16:58Z
dc.date.issued2013-05-01
dc.identifier.urihttps://fif.hebis.de/xmlui/handle/123456789/2120
dc.description.abstractThis paper empirically examines the role of soft information in the competitive interaction between relationship and transaction banks. Soft information can be interpreted as a valuable signal about the quality of a firm that is observable to a relationship bank, but not to a transaction bank. We show that borrowers self-select to relationship banks depending on whether their observed soft information is positive or negative. Competition affects the investment in learning the soft information from firms by relationship banks and transaction banks asymmetrically. Relationship banks invest more; transaction banks invest less in soft information, exacerbating the selection effect
dc.rightsAttribution-ShareAlike 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-sa/4.0/
dc.subjectFinancial Institutions
dc.subjectTransparency Lab
dc.titleHidden Gems and Borrowers with Dirty Little Secrets: Investment in Soft Information, Borrower Self-selection and Competition
dc.typeWorking Paper
dcterms.referenceshttps://fif.hebis.de/xmlui/handle/123456789/1497?Sparkassenverband
dcterms.referenceshttps://fif.hebis.de/xmlui/handle/123456789/1360?Bundesbank
dcterms.referenceshttps://fif.hebis.de/xmlui/handle/123456789/1388?Destatis
dc.source.filename19_SSRN-id2287866
dc.identifier.safeno19
dc.subject.keywordssoft information
dc.subject.keywordsdiscretionary lending
dc.subject.keywordsrelationship lending
dc.subject.keywordscompetition
dc.subject.jelG21
dc.subject.jelG28
dc.subject.jelG32
dc.subject.topic1negative
dc.subject.topic1decrease
dc.subject.topic1financially
dc.subject.topic2issuance
dc.subject.topic2capture
dc.subject.topic2closer
dc.subject.topic3communication
dc.subject.topic3logarithm
dc.subject.topic3prof
dc.subject.topic1nameCorporate Finance
dc.subject.topic2nameCorporate Governance
dc.subject.topic3nameStability and Regulation
dc.identifier.doi10.2139/ssrn.2287866


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Attribution-ShareAlike 4.0 International
Except where otherwise noted, this item's license is described as Attribution-ShareAlike 4.0 International