publication . Doctoral thesis . 2004

Who receives bank loans? A study of lending officers' assessments of loans to growing small and medium-sized enterprises

Bruns, Volker;
Open Access English
  • Published: 01 Jan 2004
  • Publisher: Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Företagsekonomi
  • Country: Sweden
Abstract
This thesis 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 invest...
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