Competition and Strategic Information Acquisition in Credit Markets

By Robert Marquez, Robert Hauswald. 2002

681 citations recorded by the source corpus.

Subfields: Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/d6d95e4cd0195abf1f5cbb030817a619cd198e29

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Citations in the corpus

Commercial Lending and Distance: Evidence from Community Reinvestment Act Data (2004, background): “Together, the papers by Dell’Ariccia and Marquez (forthcoming) and Hauswald and Marquez (2002) suggest that the competitive changes brought about by technological changes in bank lending may have asymmetric effects on the relationship between distance and lending.”
Local Bank, Digital Financial Inclusion and SME Financing Constraints: Empirical Evidence from China (2021, background): “These characteristics minimize information asymmetry between banks and SMEs (Almazan 2002; Hauswald and Marquez 2006) and build up a long-term firm-bank relationship (Agarwal and Hauswald 2010; Berger et al. 2005).”
Borrowers under water! Rare disasters, regional banks, and recovery lending (2020, background): “The first relationship proxy captures the notion formalized, for example, by Hauswald and Marquez (2006), namely, that larger customer pools enhance the quality of private information gathered by the banks.”
A Lender-Based Theory of Collateral (2007, neutral): “…imperfect loan market competition, such as Boot and Thakor (2000), who consider competition between transaction lenders and relationship lenders, or Hauswald and Marquez (2003, 2005), who examine how information technology affects competition between differentially informed lenders, do not…”
Distance and Private Information in Lending (2010, background): “…that the attempt to carve out local captive markets around branches fails at their periphery due to the diminishing quality of their private information, allowing competitors to compete more aggressively and resulting in more switching, as predicted by, for example, Hauswald and Marquez (2006).”
The Impact of Organizational Structure and Lending Technology on Banking Competition (2009, neutral): “Hauswald and Marquez (2006), on the other hand, specify a model where the quality of information decreases with distance and informational problems linger.”
How Bank Competition Affects Firms' Access to Finance (2012, positive): “…information asymmetries and agency costs, bank competition can reduce access to ﬁnance by making it more difﬁcult for banks to inter-nalize the costs of investing in building lending relationships, particularly with opaque clients (Petersen and Rajan 1995; Marquez 2002; Hauswald and Marquez 2006).”
Do banks price discriminate spatially? Evidence from small business lending in local credit markets (2013, positive): “Since the authors consider the actual distance between applicant and bank branch, and control for distance to the nearest rival of the bank, their findings are supportive of information-based models of discriminatory pricing (Dell’Ariccia and Marquez 2004; Hauswald and Marquez 2006).”
Questioni di Economia e Finanza (2010, neutral): “In case the LTV ratios are (initially) similar in the steady state or the tightening Notes: horizontal axis: quarters; vertical axis: % deviations from the steady state; for interest rates: pp deviations.”
Bank Branch Presence and Access to Credit in Low-to-Moderate Income Neighborhoods (2010, positive): “…determine whether soft information is playing any role in the lending market is to examine how the distance between the lender and the borrower affects the availability and terms of credit (Petersen and Rajan, 1994; Degryse and Ongena, 2005; Hauswald and Marquez, 2006; Agarwal and Hauswald, 2006).”
Competition and Relationship Lending: Friends or Foes? (2011, positive): “, the coefficients on the interaction terms between HHI and MUTUAL BANKS are expected to be negative), consistently with the strategic theory of relationship lending (Dell’Ariccia and Marquez, 2004; Hauswald and Marquez, 2006).”
Bank Competition and Stability: Cross-country Heterogeneity (2013, background): “This charter value view of banking, as theoretically modeled by Marcus (1984) and Keeley (1990), sees banks as choosing the risk of their asset portfolio. Bank owners, however, have incentives to shift risks to depositors, as in a world of limited liability they only participate in the up-side par”
Financial Inclusion, Bank Concentration, and Firm Performance (2017, background): “The information hypothesis argues that in a less competitive market, banks are more inclined to invest in information acquisition (Hauswald & Marquez, 2006).”