A tale of two markets: Labor market mobility and bank information sharing

被引：0
|
作者：
Chu, Yinxiao [1 ]
Li, Zhao [2 ]
Wei, Jianxing [1 ]
Wu, Weixing [1 ]
机构：
[1] Univ Int Business & Econ, Sch Banking & Finance, 10 Huixin East St, Beijing 100029, Peoples R China
[2] Zhongnan Univ Econ & Law, Sch Finance, 182 Nanhu Ave, Wuhan 430073, Peoples R China
来源：
JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 2022年 / 141卷
基金：
中国国家自然科学基金;
关键词：
Credit market; Loan officer; Labor mobility; Information sharing; TRADE SECRETS; ADVERSE SELECTION; LEVEL EVIDENCE; CREDIT; COMPETITION; INCENTIVES; AGREEMENTS; DISTANCE; ENTRY; LAW;
D O I：
10.1016/j.jedc.2022.104381
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We develop a theory of bank information sharing, highlighting the interactions between credit and labor markets. A better-informed relationship bank competes with a less informed foreign bank for borrowers under asymmetric information about borrowers' creditworthiness. Credit market competition triggers competition for the relationship bank's loan officers, who possess valuable information about the borrowers' creditworthiness. The relationship bank can share credit information to soften the labor market competition, despite intensifying the credit market competition. When labor market mobility is moderate, information sharing emerges as the optimal strategy of the relationship bank. (C) 2022 Elsevier B.V. All rights reserved.
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页数：17
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