The Trade-Off between Cost and Credit Availability and Debt Concentration (notice n° 206013)
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| fixed length control field | 01379cam a2200169 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112052336.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Lobez, Frédéric |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The Trade-Off between Cost and Credit Availability and Debt Concentration |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2001.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 71 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | In this work, we built a model of bank-enterprise relationships in an adverse selection situation. The informational problem is resolved by a double device. First, firms choose the number of potential lenders, then banks deduce some information of debtors’quality, therefore, we obtain a semi-separating equilibrium. On the other hand, banks complete the solution of informational problem by using separating contracts where the separation is based on the pair (rate; likelihood of rationing). Then the model permits to link the debt concentration, the credit cost and the credit availability to the firm’s risk. So, we show that more risky firms prefer fewer number of potential lenders. On the contrary, the fewer risky firms prefer more potential lenders: they limit the possibility of credit rationing. Classification JEL: G21 |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Statnik, Jean-Christophe |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue économique | 52 | 6 | 2001-12-01 | p. 1227-1250 | 0035-2764 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-economique-2001-6-page-1227?lang=en">https://shs.cairn.info/journal-revue-economique-2001-6-page-1227?lang=en</a> |
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