How does bank competition affect credit risk? Evidence from loan-level data
Martín-Oliver, Alfredo ; Ruano, Sonia ; Salas-Fumás, Vicente (Universidad de Zaragoza)
Resumen: 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.
Idioma: Inglés
DOI: 10.1016/j.econlet.2020.109524
Año: 2020
Publicado en: ECONOMICS LETTERS 196, 109524 (2020), [4 pp]
ISSN: 0165-1765
Factor impacto JCR: 2.097 (2020)
Categ. JCR: ECONOMICS rank: 171 / 376 = 0.455 (2020) - Q2 - T2
Factor impacto SCIMAGO: 0.843 - Finance (Q1) - Economics and Econometrics (Q1)
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2017-86903-P
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Organización de Empresas (Dpto. Direcc.Organiza.Empresas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. If you remix, transform, or build upon the material, you may not distribute the modified material.
Exportado de SIDERAL (2022-04-26-08:59:47)
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Idioma: Inglés
DOI: 10.1016/j.econlet.2020.109524
Año: 2020
Publicado en: ECONOMICS LETTERS 196, 109524 (2020), [4 pp]
ISSN: 0165-1765
Factor impacto JCR: 2.097 (2020)
Categ. JCR: ECONOMICS rank: 171 / 376 = 0.455 (2020) - Q2 - T2
Factor impacto SCIMAGO: 0.843 - Finance (Q1) - Economics and Econometrics (Q1)
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2017-86903-P
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Organización de Empresas (Dpto. Direcc.Organiza.Empresas)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. If you remix, transform, or build upon the material, you may not distribute the modified material. Exportado de SIDERAL (2022-04-26-08:59:47)
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Record created 2021-09-13, last modified 2022-04-26