出版社：Charles University in Prague, Faculty of Social Sciences, Institute of Economic Studies ; CEEOL
摘要：This paper studies asymmetric information on banks, relationship lending and switching costs. According to the classic theory of relationship banking asymmetric information on borrower types causes an informational lock-in by borrowers: good borrowers are tied to their banks. This paper shows that an informational lock-in effect occurs even if borrowers are identical. Asymmetric information on banks generates an informational lock-in for borrowers. A borrower is tied to the initial bank even if it charges higher loan interest. The borrower is not ready to leave the bank and take a risk that the new bank proves to be even worse.
关键词：Asymmetric information; banking; relationship lending; bank competition; switching costs
Loading...
