Why discouraged borrowers exist? An empirical (re)examination from less developed countries
نویسندگان
چکیده
منابع مشابه
Discouraged Bank Borrowers: A Real Options Perspective
A stylized empirical fact is the rather substantial portion of SMEs who although in need of bank credit, do not apply for a loan, due to fear of possible rejection. Non-applying in-need borrowers are known as 'discouraged borrowers'. We propose a new perspective for modelling discouraged potential bank borrowers, based on a Real Options explanation. A loan application decision is clearly not a ...
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ژورنال
عنوان ژورنال: Emerging Markets Review
سال: 2017
ISSN: 1566-0141
DOI: 10.1016/j.ememar.2017.08.003