The remainder of the paper is organized as follows. In Section 2
we present hypotheses about the value of business credit information
sharing, its influencing factors, and its economic consequences.
In Section 3 we describe the institutional background and the data.
In Section 4 we report our findings on the value of business credit
information sharing and on the factors that influence its strength.
In Section 5weinvestigate the link between ex ante prediction accuracy
and ex post default risk in a spatial and industry analysis. In Section
6 we summarize additional empirical checks that confirm the
robustness of our findings. Section 7 concludes.