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Asymmetric information and distance: an empirical assessment of geographical credit rationing
Dalarna University, School of Technology and Business Studies, Statistics.ORCID iD: 0000-0003-2317-9157
CERUM, Umeå university.
2005 (English)In: Journal of Economics and Business, ISSN 0148-6195, E-ISSN 1879-1735, Vol. 57, no 1, 39-59 p.Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
Elsevier, 2005. Vol. 57, no 1, 39-59 p.
Keyword [en]
Asymmetric information; Credit rationing; Duration model
National Category
Economic Geography
Research subject
Komplexa system - mikrodataanalys, General Microdata Analysis - others
Identifiers
URN: urn:nbn:se:du-11414DOI: 10.1016/j.jeconbus.2004.07.002OAI: oai:DiVA.org:du-11414DiVA: diva2:575323
Available from: 2012-12-09 Created: 2012-12-09 Last updated: 2015-03-18Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
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  • nn-NB
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