Lending Relationships and Information Rents: Do Banks Exploit Their Information Advantages?

By Carola Schenone. 2010

345 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/c0eb23be9cb395d96608435ec6e89caf9f8fe8e8

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Citations in the corpus

Friends with Money (2012, background): “…we 3 See Peterson and Rajan (1994), Berger and Udell (1995), Degryse and Van Cayseele (2000), Bharath, Dahiya, Saunders, and Srinivasan (2011), and Schenone (2010). explore whether such relationships lead banks to make choices that harm their own shareholders or whether they improve their capital…”
Institutional investors and post-ICO performance: an empirical analysis of investor returns in initial coin offerings (ICOs) (2020, neutral): “In the presence of such market inefficiencies, informationally advantaged market participants can extract informational rents (e.g., Chemmanur et al., 2009; Demiralp et al., 2011; Schenone, 2010).”
'Time for a Change': Loan Conditions and Bank Behavior when Firms Switch Banks (2010, background): “The paper closest to ours is Schenone (2010).”
Going Public to Acquire? The Acquisition Motive in IPOs (2010, neutral): “Consistent with this view, Schenone (2009) finds that”
Stock Market Listing and the Use of Trade Credit: Evidence from Public and Private Firms (2017, background): “First, public firms have lower degrees of asymmetric information and financial constraints than private firms (e.g., Brav, 2009; Schenone, 2010).”
Why Do Loans Contain Covenants? Evidence from Lending Relationships (2017, neutral): “However, Schenone (2010) ﬁnds that lock-in effects are not a concern for publicly listed borrowers such as those studied in this paper.”
Do Private Firms Invest Di erently than Public Firms? Taking Cues from the Natural Gas Industry∗ (2015, neutral): “…investment decisions is important due to the large role of private rms in the U.S. economy.1 Public rms have better access to external nance than private rms (Pagano, Panetta, and Zingales (1998), Brav (2009), Schenone (2010), Saunders and Ste en (2011), and Maksimovic, Phillips, and Yang (2013)).”
Group Membership, Relationship Banking and Loan Default Risk: The Case of Online Social Lending (2015, neutral): “Schenone (2010), like Hale and Santos (2009), seeks evidence of a hold-up problem by pricing private loans before and after a large public information event.”
Financial Dependence and Innovation: The Case of Public Versus Private Firms (2017, neutral): “It also helps to lower borrowing costs because of the reduced asymmetry of information (Schenone (2010)) and increased lender competition (Saunders and Steffen (2011)).”