Learning about Competitors: Evidence from SME Lending
We study how small and medium enterprise (SME) lenders react to information about their competitors' contracting decisions. To isolate this learning from lenders' common reactions to unobserved shocks to fundamentals, we exploit the staggered entry of lenders into an information-sharing pl...
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Oxford University Press (OUP),
2021-09-09T14:40:27Z.
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| Subjects: | |
| Online Access: | Get fulltext |