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Asymmetric information and distance: An empirical assessment of geographical credit rationing
Inst. Ekonomi och Samhälle, Högskolan Dalarna/Dep. of Economics, Dalarna University.
Umeå University, Faculty of Social Sciences, Centre for Regional Science (CERUM).
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
2005. Vol. 57, no 1, 39-59 p.
Keyword [en]
Asymmetric information, Credit rationing, Duration model
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-13798DOI: doi:10.1016/j.jeconbus.2004.07.002OAI: oai:DiVA.org:umu-13798DiVA: diva2:153469
Available from: 2007-05-16 Created: 2007-05-16 Last updated: 2017-12-14Bibliographically approved

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