Ex-ante moral hazard and repayment performance under group lending
Journal of East Asian studies Volume 6
Page 145-171
published_at 2008-03
Title
Ex-ante moral hazard and repayment performance under group lending
Creators
Wei Zhang
Source Identifiers
Creator Keywords
group lending
joint liability
ex-ante moral hazard
non-refinancing threat
This paper aims to investigate compared to individual liability lending, whether group lending has information advantage of overcoming ex-ante moral hazard and efficiency advantage of improving repayment performance. This paper is an attempt to contribute to the ex-ante moral hazard literature by formalizing the dynamic incentive of ”non-refinancing threat”. A main implication of this paper is that ”non-refinancing threat” has much effect on borrower's effort choice and repayment performance under both group lending and individual liability lending…
Languages
eng
Resource Type
journal article
Publishers
山口大学大学院東アジア研究科
Date Issued
2008-03
File Version
Version of Record
Access Rights
open access
Relations
[ISSN]1347-9415
[NCID]AA11831154
[isVersionOf]
[URI]http://www.eas.yamaguchi-u.ac.jp/journal/journal-portal_J.html
Schools
大学院東アジア研究科