Full metadata record
DC Field | Value | Language |
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dc.contributor.author | 정병욱 | - |
dc.date.accessioned | 2017-01-05T02:01:07Z | - |
dc.date.available | 2017-01-05T02:01:07Z | - |
dc.date.issued | 2008 | - |
dc.identifier.issn | 0022-2879 | - |
dc.identifier.other | OAK-4575 | - |
dc.identifier.uri | https://dspace.ewha.ac.kr/handle/2015.oak/233624 | - |
dc.description.abstract | A seller with some degree of market power in its product market can earn rents. In this context, there is a gain to granting credit to purchase of the product and thus to the establishment of a captive finance company. This paper examines the optimal behavior of such a durable good seller and its captive finance company. The model predicts a critical difference between the captive finance company's credit standard and that of independent lenders ("banks"), namely, that the captive finance company will adopt a more lenient credit standard. Thus, we should expect the likelihood of repayment of a captive loan to be lower than that of a bank loan, other things equal. This prediction is tested using a unique data set drawn from a major credit bureau in the United States, and the evidence supports the theoretical prediction. © 2008 The Ohio State University. | - |
dc.language | English | - |
dc.title | Emergence of captive finance companies and risk segmentation in loan markets: Theory and rvidence | - |
dc.type | Article | - |
dc.relation.issue | 1 | - |
dc.relation.volume | 40 | - |
dc.relation.index | SSCI | - |
dc.relation.index | SCOPUS | - |
dc.relation.startpage | 173 | - |
dc.relation.lastpage | 192 | - |
dc.relation.journaltitle | Journal of Money, Credit and Banking | - |
dc.identifier.doi | 10.1111/j.1538-4616.2008.00108.x | - |
dc.identifier.wosid | WOS:000252775900007 | - |
dc.identifier.scopusid | 2-s2.0-38749086048 | - |
dc.author.google | Barron J.M. | - |
dc.author.google | Chong B.-U. | - |
dc.author.google | Staten M.E. | - |
dc.contributor.scopusid | 정병욱(23481136800 ) | - |
dc.date.modifydate | 20211210153806 | - |