(Demo) The Externalities of Information: Lending to Peer Firms

When: 22 November 2017, 14:00 – 15:00 Where: HoF E.20 (“DZ Bank”) Speaker: Yangming Bao,  Goethe University Frankfurt and SAFE Authors: Yangming Bao Abstract: In this paper, I empirically analyze the externalities of information in bank lending behavior. Using syndicated loan data, I find that banks would accept 10 basis points lower loan rates when lending …