Asymmetry Information and Diversification Effect on Loan Pricing in Asia Pacific Region 2006-2010

Technology-driven information sharing and conditional financial development in Africa

“…The latter has principally been concerned with the influence of stronger creditors' rights in, inter alia: (i) bank risk-taking by Houston et al (2010) and Acharya et al (2011); (ii) bankruptcy with notable works from Claessens and Klapper (2005), Djankov et al (2007) and Brockman and Unlu (2009) and (iii) capital structure by El Ghoul et al (2012). The former strand has been concerned with assessing how reducing information asymmetry: enhances the availability of credit (Djankov et al, 2007;Brown et al, 2009;Triki & Gajigo, 2014); reduces defaulting rates (Jappelli & Pagano, 2002); decreases the cost of credit (Brown et al, 2009); affects antitrust intervention (Coccorese, 2012); influences corrupt lending (Barth et al, 2009) and affects bank loans that are syndicated (Ivashina, 2009;Tanjung et al, 2010).…”

“…Second, on the measurement of financial development, it is interesting to note that the broad and African-specific literature on information asymmetry (Ivashina, 2009;Tanjung et al, 2010;Houston et al, 2010) and information sharing have specifically been oriented towards the measurement of constraints in access to finance. We steer clear of the mainstream literature by employing all financial dimensions documented by the Financial Development and Structure Database of the World Bank.…”

At What Levels of Financial Development Does Information Sharing Matter?

“…The former orientation has for the most part focused on the influence that stronger creditors' rights have on, inter alia: capital structure (El Ghoul et al 2012); bankruptcy (Claessens and Klapper 2005;Djankov et al 2007); and more risk-taking by financial institutions (Houston et al 2010;Acharya et al 2011). This last orientation has revolved around investigating how sharing information consolidates credit availability (Djankov et al 2007;Brown et al 2009;Triki and Gajigo 2014), mitigates rates of default (Jappelli and Pagano 2002), reduces credit cost (Brown et al 2009), affects syndicated bank loans (Ivashina 2009;Tanjung et al 2010), impacts antitrust intervention (Coccorese 2012), and affects corrupt lending (Barth et al 2009).…”

The Role of ICT in Reducing Information Asymmetry for Financial Access

“…The former has fundamentally focused on the influence of consolidated creditors' rights in among others: bankruptcy (see Djankov et al, 2007;Claessens & Klapper, 2005;Brockman & Unlu, 2009) and risk-taking by financial institutions (Acharya et al, 2011;Houston et al, 2010). The latter perspective has focused on examining how reduced IA: increases access to finance (see Triki & Gajigo, 2014;Brown et al, 2009;Djankov et al, 2007); reduces the cost of credit (Brown et al, 2009); mitigates rate of default (Jappelli & Pagano, 2002); influences syndicated bank loans (Tanjung et al, 2010;Ivashina, 2009); affects corruption in lending (Barth et al, 2009) and impacts antitrust intervention (Coccorese, 2012).…”

“…On the one hand, both general and African-related information asymmetry and information sharing literatures have engaged for the most part, measurements of constraints in financial access (see Ivashina, 2009;Houston et al, 2010;Tanjung et al, 2010). On the basis that the fundamental role of introducing ISO in Africa has been to enhance financial intermediation efficiency and activity, we measure financial access as the ability of banks to transform deposits in credit.…”