107321 20220426091145.0 doi 10.1016/j.econlet.2020.109524 sideral 120259 ART-2020-120259 eng Martín-Oliver, Alfredo How does bank competition affect credit risk? Evidence from loan-level data 2020 Access copy available to the general public Unrestricted This paper studies how loan credit risk depends on competition in the banking sector. We estimate an empirical model of credit risk using data from the Spanish Credit Register on individual loans to non-financial firms in 1992–2007. Our results show that credit risk decreases with the level of competition in the credit market, and they are consistent with the prediction from the moral hazard view on the determinants of credit risk. We also find that the probability of loan default varies with characteristics of the bank, the local market and macro variables. info:eu-repo/grantAgreement/ES/MINECO/ECO2017-86903-P info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ 2.097 2020 ECONOMICS 171 / 376 = 0.455 2020 Q2 T2 0.843 2020 Finance 2020 Q1 Economics and Econometrics 2020 Q1 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Ruano, Sonia Salas-Fumás, Vicente Universidad de Zaragoza (orcid)0000-0001-8405-1056 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 196, 109524 (2020), [4 pp] Econ. lett. ECONOMICS LETTERS 0165-1765 256475 http://zaguan.unizar.es/record/107321/files/texto_completo.pdf Postprint 924769 http://zaguan.unizar.es/record/107321/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:107321 articulos driver 2022-04-26-08:59:47 ARTICLE