کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5095068 | 1478513 | 2008 | 23 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Cosigned vs. group loans
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
We analyze lending contracts when social sanctions are used to enforce repayments and borrowers differ in their abilities to impose sanctions. Symmetric group loans are preferred to cosigned loans when sanctioning abilities are similar; that is, when the power relation between borrowers is relatively equal. Conversely, cosigned loans are preferred when the power relation is unequal. We analyze why group lending arrangements offering different loan terms to members of the same group are difficult to implement. We also show that our comparison between symmetric group loans and cosigned loans is robust to endogenous matching.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Development Economics - Volume 85, Issues 1â2, February 2008, Pages 58-80
Journal: Journal of Development Economics - Volume 85, Issues 1â2, February 2008, Pages 58-80
نویسندگان
Philip Bond, Ashok S. Rai,