The informational role of ownership networks in bank lending

• المؤلفون الرئيسيون: Gao, Haoyu, Ru, Hong, Yang, Xiaoguang
• مؤلفون آخرون: Nanyang Business School
• التنسيق: مقال
• اللغة: English
• منشور في: 2022
• الموضوعات: Business::Finance; Financial Intermediation; Private Information
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/163941

This paper documents novel large-sample evidence on the informational role of interfirm ownership networks in bank lending. Using comprehensive loan-level data in China, we find that banks internal loan ratings at issuance predict subsequent delinquent events more accurately when borrowers are conne...