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DTSTART:20240919T123000
DTEND:20240919T133000
DTSTAMP:20260423T221000
SUMMARY:DF Lunch Seminar with José Liberti (Northwestern University)
DESCRIPTION:Information Sharing Technology and Specialization in Credit Markets\n\nWith the Lunch Seminar series, the Department of Finance is bringing eminent and up-and-coming researchers from around the world to Luxembourg.\n\nAuthors\n\nJosé Liberti, Jason Sturgess, and Andrew Sutherland\n\nAbstract\n\nWe explore how information technology affects specialization in financial intermediation. Using U.S. credit bureau data on SME lending, we develop a specialization measure that captures comparative advantage based on the similarity of collateral types within lenders’ portfolios. We find lower delinquencies and less cyclical borrower turnover and credit originations in lenders’ specialized markets. We then use bureau coverage changes as an information innovation and trace these changes to increasing lender specialization and entry into related markets. Our findings illustrate how information technology innovations shape lender specialization, which has implications for credit availability, market structure, and financial stability.\n\nAbout the speaker\n\nJosé María Liberti is the Joseph Jr. and Carole Levy Chair in Entrepreneurship and a Clinical Professor of Finance at Kellogg School of Management, Northwestern University.\n\nLanguage\n\nEnglish.\n\nThis is a free seminar. Registration is mandatory.\n\nCold lunches are provided to registered participants.\n\nSupported by the Luxembourg National Research Fund (FNR) 17984041\n\nLocation: https://www.uni.lu/en/about/campuses/kirchberg-campus/\nRead more: https://www.uni.lu/fdef-en/events/df-lunch-seminar-with-jose-liberti-northwestern-university/
UID:UL-16040
LOCATION:Kirchberg Campus 6 - rue Richard Couden­­­hove-Kalergi 1359 Luxembourg Luxembourg
URL:https://www.uni.lu/fdef-en/events/df-lunch-seminar-with-jose-liberti-northwestern-university/
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