The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Reputation Acquisition in Debt Markets
Open accessAbstract
This paper studies reputation formation and the evolution over time of the incentive effects of reputation to mitigate conflicts of interest between borrowers and lenders. Borrowers use the proceeds of their loans to fund projects. In the absence of reputation effects, borrowers have incentives to select excessively risky projects. If there is sufficient adverse selection, reputation will not initially provide improved incentives to borrowers with short credit histories. Over time, if a good reputation is acquired, reputation will provide improved incentives. General characteristics of markets in which reputation takes time to work are identified.
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Citations
Cites
Credit Rationing in Markets with Imperfect Information
Stiglitz, J. E., & Weiss, A. (1981) · Columbia University · doi:10.7916/d8v12ft1 · Cited by 12,769
Financial intermediation and delegated monitoring
Diamond, D. W. (1984) · The Review of Economic Studies · doi:10.2307/2297430 · Cited by 8,476
Self-citationThe Role of Market Forces in Assuring Contractual Performance
Klein, B., & Leffler, K. B. (1981) · Journal of Political Economy · doi:10.1086/260996 · Cited by 3,653
Managerial Incentive Problems: A Dynamic Perspective
Holmstrom, B. (1999) · Review of Economic Studies · doi:10.1111/1467-937x.00083 · Cited by 3,172
Cited by
A Survey of Corporate Governance
Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb04820.x · Cited by 16,243
Trade Credit: Theories and Evidence
Petersen, M. A., & Rajan, R. G. (1997) · Review of Financial Studies · doi:10.1093/rfs/10.3.661 · Cited by 2,593
Grandstanding in the venture capital industry
Gompers, P. A. (1996) · Journal of Financial Economics · doi:10.1016/0304-405x(96)00874-4 · Cited by 1,347
The value of reputation on eBay: A controlled experiment
Resnick, P., Zeckhauser, R., Swanson, J., & Lockwood, K. (2006) · Experimental Economics · doi:10.1007/s10683-006-4309-2 · Cited by 1,118
The importance of relationships to the availability of credit
Cole, R. A. (1998) · Journal of Banking & Finance · doi:10.1016/s0378-4266(98)00007-7 · Cited by 849
Metadata
- Authors
- Diamond, D. W.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 1989-08
- Volume
- 97
- Issue
- 4
- Pages
- 828-862
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2104640390
- Cited by
- 1,621
- References
- 4
- FWCI
- 27.84
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
