{"id":"https://openalex.org/W3169109447","doi":"https://doi.org/10.1287/mnsc.2021.4043","title":"Competition and Agency Problems Within Banks: Evidence from Insider Lending","display_name":"Competition and Agency Problems Within Banks: Evidence from Insider Lending","publication_year":2021,"publication_date":"2021-05-28","ids":{"openalex":"https://openalex.org/W3169109447","doi":"https://doi.org/10.1287/mnsc.2021.4043","mag":"3169109447"},"language":"en","primary_location":{"id":"doi:10.1287/mnsc.2021.4043","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2021.4043","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5044580739","display_name":"Mattia Girotti","orcid":"https://orcid.org/0000-0002-0468-0088"},"institutions":[{"id":"https://openalex.org/I201298700","display_name":"Banque de France","ror":"https://ror.org/0088v6m32","country_code":"FR","type":"other","lineage":["https://openalex.org/I201298700"]}],"countries":["FR"],"is_corresponding":true,"raw_author_name":"Mattia Girotti","raw_affiliation_strings":["Banque de France, 75049 Paris, France;"],"raw_orcid":"https://orcid.org/0000-0002-0468-0088","affiliations":[{"raw_affiliation_string":"Banque de France, 75049 Paris, France;","institution_ids":["https://openalex.org/I201298700"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5035654537","display_name":"Federica Salvad\u00e8","orcid":"https://orcid.org/0000-0001-7153-7508"},"institutions":[{"id":"https://openalex.org/I2802331213","display_name":"Paris School of Business","ror":"https://ror.org/01y414495","country_code":"FR","type":"education","lineage":["https://openalex.org/I2802331213"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Federica Salvad\u00e8","raw_affiliation_strings":["Paris School of Business, 75013 Paris, France"],"raw_orcid":"https://orcid.org/0000-0001-7153-7508","affiliations":[{"raw_affiliation_string":"Paris School of Business, 75013 Paris, France","institution_ids":["https://openalex.org/I2802331213"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5044580739"],"corresponding_institution_ids":["https://openalex.org/I201298700"],"apc_list":null,"apc_paid":null,"fwci":1.3709,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.82985049,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":99},"biblio":{"volume":"68","issue":"5","first_page":"3791","last_page":"3812"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9994000196456909,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9994000196456909,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.996399998664856,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9621999859809875,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/insider","display_name":"Insider","score":0.8391483426094055},{"id":"https://openalex.org/keywords/competitor-analysis","display_name":"Competitor analysis","score":0.7336596846580505},{"id":"https://openalex.org/keywords/profitability-index","display_name":"Profitability index","score":0.7060412168502808},{"id":"https://openalex.org/keywords/competition","display_name":"Competition (biology)","score":0.6725881695747375},{"id":"https://openalex.org/keywords/agency","display_name":"Agency (philosophy)","score":0.6220901012420654},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.6155354976654053},{"id":"https://openalex.org/keywords/agency-cost","display_name":"Agency cost","score":0.503025472164154},{"id":"https://openalex.org/keywords/principal\u2013agent-problem","display_name":"Principal\u2013agent problem","score":0.48495247960090637},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.3909264802932739},{"id":"https://openalex.org/keywords/financial-system","display_name":"Financial system","score":0.38024866580963135},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.34882688522338867},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3318459093570709},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.26924341917037964},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.07295677065849304}],"concepts":[{"id":"https://openalex.org/C2778971194","wikidata":"https://www.wikidata.org/wiki/Q1664551","display_name":"Insider","level":2,"score":0.8391483426094055},{"id":"https://openalex.org/C127576917","wikidata":"https://www.wikidata.org/wiki/Q624630","display_name":"Competitor analysis","level":2,"score":0.7336596846580505},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.7060412168502808},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.6725881695747375},{"id":"https://openalex.org/C108170787","wikidata":"https://www.wikidata.org/wiki/Q3951828","display_name":"Agency (philosophy)","level":2,"score":0.6220901012420654},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6155354976654053},{"id":"https://openalex.org/C36673458","wikidata":"https://www.wikidata.org/wiki/Q392896","display_name":"Agency cost","level":4,"score":0.503025472164154},{"id":"https://openalex.org/C200707436","wikidata":"https://www.wikidata.org/wiki/Q1053211","display_name":"Principal\u2013agent problem","level":3,"score":0.48495247960090637},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3909264802932739},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.38024866580963135},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.34882688522338867},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3318459093570709},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.26924341917037964},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.07295677065849304},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1287/mnsc.2021.4043","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2021.4043","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bfr:banfra:831","is_oa":false,"landing_page_url":null,"pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:inm:ormnsc:v:68:y:2022:i:5:p:3791-3812","is_oa":false,"landing_page_url":"http://doi.org/10.1287/mnsc.2021.4043","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/17","score":0.5199999809265137,"display_name":"Partnerships for the goals"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":48,"referenced_works":["https://openalex.org/W1479784943","https://openalex.org/W1547944138","https://openalex.org/W1970594241","https://openalex.org/W1984003494","https://openalex.org/W2014648357","https://openalex.org/W2016273655","https://openalex.org/W2028876866","https://openalex.org/W2047747706","https://openalex.org/W2053579300","https://openalex.org/W2060570428","https://openalex.org/W2066310392","https://openalex.org/W2074485686","https://openalex.org/W2108089027","https://openalex.org/W2110821787","https://openalex.org/W2137271626","https://openalex.org/W2142831770","https://openalex.org/W2143838375","https://openalex.org/W2166373223","https://openalex.org/W2204579274","https://openalex.org/W2412394290","https://openalex.org/W2587647374","https://openalex.org/W2752617332","https://openalex.org/W2789058688","https://openalex.org/W2797018151","https://openalex.org/W2900175526","https://openalex.org/W3121179614","https://openalex.org/W3121676193","https://openalex.org/W3121715484","https://openalex.org/W3121890145","https://openalex.org/W3121996436","https://openalex.org/W3122105346","https://openalex.org/W3122112604","https://openalex.org/W3122588894","https://openalex.org/W3122898822","https://openalex.org/W3123056013","https://openalex.org/W3123314201","https://openalex.org/W3123724460","https://openalex.org/W3124242212","https://openalex.org/W3124332395","https://openalex.org/W3124651765","https://openalex.org/W3124772597","https://openalex.org/W3124862789","https://openalex.org/W3124980879","https://openalex.org/W3125184495","https://openalex.org/W3125694183","https://openalex.org/W3125730051","https://openalex.org/W3125921912","https://openalex.org/W4229845641"],"related_works":["https://openalex.org/W2357819076","https://openalex.org/W1148619223","https://openalex.org/W2365157403","https://openalex.org/W4381510579","https://openalex.org/W2583179119","https://openalex.org/W2137356506","https://openalex.org/W2137547527","https://openalex.org/W1966118514","https://openalex.org/W3129078052","https://openalex.org/W2584138259"],"abstract_inverted_index":{"This":[0,102],"paper":[1,103],"studies":[2],"whether":[3],"greater":[4,61],"competition":[5,62],"can":[6],"mitigate":[7],"agency":[8,18,92],"problems":[9],"within":[10,20],"banks.":[11],"We":[12,37,94],"measure":[13],"the":[14,17,24,29,69],"intensity":[15],"of":[16,26,46,71,91],"conflict":[19],"a":[21,44],"bank":[22,30,78],"by":[23,63,106],"volume":[25],"loans":[27,42],"that":[28,40,57,96],"lends":[31],"to":[32,60,83],"its":[33],"insiders":[34],"(e.g.,":[35],"executives).":[36],"first":[38],"check":[39],"these":[41],"are":[43,81],"form":[45],"private":[47],"benefit.":[48],"By":[49],"exploiting":[50],"interstate":[51],"branching":[52],"deregulation,":[53],"we":[54],"then":[55],"show":[56],"banks":[58],"react":[59],"reducing":[64],"insider":[65],"lending,":[66],"especially":[67],"when":[68],"entry":[70],"new":[72],"competitors":[73],"may":[74],"more":[75],"strongly":[76],"affect":[77],"profitability.":[79],"Results":[80],"robust":[82],"using":[84],"various":[85],"identification":[86],"approaches":[87],"and":[88],"alternative":[89],"indicators":[90],"conflict.":[93],"conclude":[95],"competitive":[97],"pressure":[98],"reduces":[99],"managerial":[100],"self-dealing.":[101],"was":[104],"accepted":[105],"Gustavo":[107],"Manso,":[108],"finance.":[109]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":1},{"year":2018,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}