This paper provides evidence that commercial lenders in Peru free ride off their peers' screening efforts. Leveraging a discontinuity in the loan approval process of a large bank, the study finds that competing lenders responded to additional loan approvals by issuing approvals of their own. Competing lenders captured almost three-quarters of the new loans to previously financially excluded borrowers, greatly diminishing the profits accruing to the...
انظر المزيد
تفاصيل
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2019/12/03
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ورقة عمل خاصة ببحوث السياسات
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WPS9072
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1
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1
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2019/12/03
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Disclosed
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Free Riding in Loan Approvals : Evidence from SME Lending in Peru
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partner bank
تنزيل الملفات
تقرير كامل
نسخة رسمية من الوثيقة (قد تضم توقيعات، الخ)
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