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Asymmetric informat...
Asymmetric information and distance : An empirical assessment of geographical credit rationing
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- Carling, Kenneth (författare)
- Högskolan Dalarna,Statistik
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- Lundberg, Sofia, 1969- (författare)
- Umeå universitet,Centrum för regionalvetenskap (CERUM),CERUM, Umeå university
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(creator_code:org_t)
- Elsevier BV, 2005
- 2005
- Engelska.
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Ingår i: Journal of Economics and Business. - : Elsevier BV. - 0148-6195 .- 1879-1735. ; 57:1, s. 39-59
- Relaterad länk:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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https://urn.kb.se/re...
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Abstract
Ämnesord
Stäng
- Does the geographical proximity between the borrowing firm and the lending bank, matter in credit risk management? If so, the bank might expose itself to a greater risk by lending to distant firms and should therefore respond by rationing them harder. In this paper, we incorporate geographical credit rationing in a simple theoretical model, and derive implications, which are empirically testable. We use data on corporate loans granted between the years of 1994 and 2000 by a leading Swedish bank, and find no evidence of geographical credit rationing.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
- SAMHÄLLSVETENSKAP -- Social och ekonomisk geografi -- Ekonomisk geografi (hsv//swe)
- SOCIAL SCIENCES -- Social and Economic Geography -- Economic Geography (hsv//eng)
Nyckelord
- Asymmetric information
- Credit rationing
- Duration model
- Economics
- Nationalekonomi
- General Microdata Analysis - others
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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