Buch, Englisch, 260 Seiten, Jönköping International Business School, Schweden
Autor: Dr. Volker Bruns
Herausgeber / Co-Autor: Volker Bruns
Erscheinungsdatum: 2004
ISBN: 9189164482
Aufrufe gesamt: 1343, letzte 30 Tage: 3
This study explores factors that influence lending officers’ assessments of credit
requests from growing small and medium-sized enterprises (SMEs). Building on
asymmetric information theory, factors identified in previous research are grouped
into the theoretical categories of risk-assessment, risk-alignment, and risk-shifting.
Hypotheses are developed as to what influences lending officers’ credit assessments.
In addition, it is hypothesized that risk-taking proclivity interacts with
other variables. A conjoint experiment involving 114 lending officers is used to
test the hypotheses, which are, by and large, supported by the data.
Furthermore, the study investigates how individual differences in experience
among lending officers affect the credit assessments, e.g., more experienced lending
officers use more sophisticated decision policies involving interactions. When
the results from the experiments were compared with the lending officers’ selfperceived
assessments, it was discovered that lending officers have limited insight
into their own credit assessments.
The findings of this study have implications for SMEs, lending officers, and
lending organizations. The results can assist SMEs to better tailor loan applications.
Banks can use the results to make comparisons with their existing credit guidelines,
which could assist them in improving their decision-making.
The three theoretical categories identified provide a foundation for future
research on bank lending to SMEs. The developed model can facilitate empirical
research on bank lending under asymmetric information by providing a structure
and categorizing previous research into relevant categories.
Publikationen: 5
Aufrufe seit 07/2007: 1828
Aufrufe letzte 30 Tage: 1