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The reputation effect: A case study of credit contracts in transition countries
International Journal of Finance & Banking Studies
View Archive Info| Field | Value | |
| Title |
The reputation effect: A case study of credit contracts in transition countries
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| Creator |
Artige, Lionel; HEC Université de Liège
Nicolini, Rosella; Universitat Autònoma de Barcelona |
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| Subject |
Economics; Banking
International lending, screening devices, fixed-effect technique. |
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| Description |
This paper proposes an empirical analysis and focuses on the financing strategy adopted by the European Bank for Reconstruction and Development in the period 1991–2003. Our added value is an original exploration concerning the role of institutional memory. By exploiting information on the number and type of contracts by client, we test different indicators to approximate the client's reputation. Our results unambiguously show that the value of the first-investment project financed by the EBRD (as a proxy for reputation) was the most effective screening device for established clients.
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| Publisher |
SSBFNET
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| Contributor |
—
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| Date |
2015-03-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.ssbfnet.com/ojs/index.php/ijfbs/article/view/396
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| Source |
International Journal of Finance & Banking Studies (ISSN: 2147- 4486); Vol 4, No 1 (2015): JANUARY; 1-17
2147-4486 |
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| Language |
eng
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| Relation |
http://www.ssbfnet.com/ojs/index.php/ijfbs/article/view/396/279
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