The Price of UK Commercial Credit Lines: A Research Note
考察英国商业信贷定价，发现即使考虑风险因素，不同银行间定价差异仍大，且市场份额大的银行对中小企业收取更高利率溢价。
Abstract: The UK Cruickshank Report (2000) highlighted the potential for market power issues where bank concentration could lead to more expensive credit. Because of the many risk factors influencing the cost of credit, it is difficult to establish whether differences in pricing is a consequence of risk or is due to differential pricing practices among lenders. In this study, we find that even when risk factors are taken into account, considerable variation in pricing among UK lenders remains. Moreover, the lenders with the largest market share in SME finance over the 8 years surveyed, charged significantly higher interest premia.