Credit information sharing and non‐performing loans: The moderating role of creditor rights protection
研究了132个国家的数据，发现信用信息共享能降低不良贷款，但债权人权利保护会恶化不良贷款；两者结合则产生互补效应，共同减少不良贷款。
Abstract This study uses data from 132 countries to investigate the effect of credit information sharing on non‐performing loans (NPLs) as well as whether the effect is sensitive to creditor rights protection. The results show that credit information sharing improves NPLs, while creditor rights protection worsens NPLs. Generally, we observe that in the presence of creditor rights protection, the positive impact of credit information sharing on NPLs is higher. We also observe that in the presence of credit information sharing, creditor rights protection reduces NPLs. We, therefore, argue that there is complementary effect of credit information sharing and creditor rights protection on NPLs in the study countries. Further analysis involving breaking the data into income groups shows that credit information sharing slows down NPLs in high income, upper‐middle income and lower‐middle income countries. It does not significantly impact NPLs in low‐income countries.