Blockchain, bank credit and SME financing

Acharya, V., Naqvi, H.: The seeds of a crisis: a theory of bank liquidity and risk taking over the business cycle. J. Financ. Econ. 106(2), 349–366 (2012)

Berger, A.N., Frame, W.S., Ioannidou, V.: Tests of ex ante versus ex post theories of collateral using private and public information. J. Financ. Econ. 100(1), 85–97 (2011)

Besanko, D., Thakor, A.V.: Collateral and rationing: sorting equilibria in monopolistic and competitive credit markets. Int. Econ. Rev. 28(3), 671–689 (1987)

Bester, H.: Screening vs. rationing in credit markets with imperfect information. Am. Econ. Rev. 75, 850–855 (1985)

Bester, H.: The role of collateral in credit markets with imperfect information. Eur. Econ. Rev. 31, 887–899 (1987)

Bolton, P., Freixas, X., Shapiro, J.: The credit ratings game. J. Finance 67(1), 85–111 (2012)

Cenni, S., Monferrà, S., Salotti, V., Sangiorgi, M., Torluccio, G.: Credit rationing and relationship lending. Does firm size matter? J. Bank. Finance 53, 249–265 (2015)

Chan, Y.S., Kanatas, G.: Asymmetric valuation and the role of collateral in loan agreements. J. Money Credit Bank. 17, 84–95 (1985)

Cong, L.W., He, Z.: Blockchain disruption and smart contracts (No. w24399). National Bureau of Economic Research (2018). https://ssrn.com/abstract=3138382

Cong, L.W., He, Z., Li, J.: Decentralized mining in centralized pools (2018). http://www.law.nyu.edu/sites/default/files/upload_documents/SSRN-id3160046_1.pdf

Dai, J., Vasarhelyi, M.A.: Toward blockchain-based accounting and assurance. J. Inf. Syst. 31(3), 5–21 (2017)

Diffie, W.: The first ten years of public-key cryptography. Proc. IEEE 76(5), 560–577 (1988)

Fanning, K., Centers, D.P.: Blockchain and its coming impact on financial services. J. Corp. Account. Finance 27(5), 53–57 (2016). https://doi.org/10.1002/jcaf.22179

Nakamoto, S.: Bitcoin: a peer-to-peer electronic cash system (2008). https://bitcoin.org/bitcoin.pdf

Ono, A., Uesugi, I.: Role of collateral and personal guarantees in relationship lending: evidence from Japan’s SME loan market. J. Money Credit Bank. 41(5), 935–960 (2009)

Peters, G.W., Panayi, E.: Understanding modern banking ledgers through blockchain technologies: future of transaction processing and smart contracts on the internet of money. In: Tasca, P., Aste, T., Pelizzon, L., Perony, N. (eds.) Banking Beyond Banks and Money, pp. 239–278. Springer, New York (2016)

Pilkington, M.: Chapter 11: Blockchain technology: principles and applications. In: Xavier Olleros, F., Zhegu, M. (eds.) Research Handbook on Digital Transformations, p. 225 (2016). https://doi.org/10.4337/9781784717766.00019

Raskin, M., Yermack, D.: Digital currencies, decentralized ledgers, and the future of central banking (No. w22238). National Bureau of Economic Research (2016). https://doi.org/10.3386/w22238

Smith Jr., C.W., Warner, J.B.: On financial contracting: an analysis of bond covenants. J. Financ. Econ. 27(2), 473–521 (1979)

Spence, M.: Market Signalling: Information Transfer in Hiring and Related Processes. Harvard University Press, Cambridge (1973)

Steijvers, T., Voordeckers, W.: Collateral and credit rationing: a review of recent empirical studies as a guide for future research. J. Econ. Surv. 23(5), 924–946 (2009)

Stiglitz, J.E., Weiss, A.: Credit rationing in markets with imperfect information. Am. Econ. Rev. 71, 393–410 (1981)

Watson, H.: Credit markets and borrower effort. South. Econ. J. 50(3), 802–813 (1984)

Wette, H.C.: Collateral in credit rationing in markets with imperfect information: note. Am. Econ. Rev. 73, 442–445 (1983)

Wu, M.W., Shen, C.H.: Corporate social responsibility in the banking industry: motives and financial performance. J. Bank. Finance 37(9), 3529–3547 (2013)

Yermack, D.: Corporate governance and blockchains. Rev. Finance 21(1), 7–31 (2017)