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Banks' risk assessment of Swedish SMEs
Jönköping University, Jönköping International Business School, JIBS, Accounting and Finance.
2008 (English)In: Venture Capital - An International Journal of Entrepreneurial Finance, ISSN 1464-5343 , Vol. 10, no 2, 171-194 p.Article in journal (Refereed) Published
Abstract [en]

Building on the literatures on asymmetric information and risk taking, this paper applies conjoint experiments to investigate lending officers' probabilities of supporting credit to established or existing SMEs. Using a sample of 114 Swedish lending officers, we test hypotheses concerning how information on the borrower's aility to repay the loan; alignment of risk preferences; and risk sharing affect their willingness to grant credit. Results suggest that features that reduce the risk to the bank and shift the tisk to the borrower have the largest impact. The paper highlieghts the interaction between factors that influence the credit decision. Implications for SMEs, banks and research are discussed.

Place, publisher, year, edition, pages
Routledge, part of the Taylor & Francis Group , 2008. Vol. 10, no 2, 171-194 p.
Keyword [en]
bank lending, bank loans, commercial lending, SMEs Swedish SMEs, Swedish banking system, credit risk, credit risk assessment, risk management, credit valuation, decision making credit decision process, credit evaluation process, conjoint experiment
National Category
Business Administration Economics and Business
Identifiers
URN: urn:nbn:se:hj:diva-7401OAI: oai:DiVA.org:hj-7401DiVA: diva2:133751
Available from: 2009-01-14 Created: 2009-01-14 Last updated: 2009-02-24Bibliographically approved

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