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Credit Market Competition and Lending Relationships by Khushboo is a document available to read on EtoBox.
What is Credit Market Competition and Lending Relationships about?
The paper examines how competition in credit markets affects lending relationships, particularly for credit-constrained firms. It argues that concentrated credit markets are more beneficial for these firms as creditors can better internalize the benefits of lending, leading to more favorable financing conditions. Empirical evidence from small business data supports the hypothesis that young firms have better access to financing in less competitive markets.
- Author
- Khushboo
- Language
- EN