Loan managers' decisions and trust in entrepreneurs in different institutional contexts

Moro, Andrea and Fink, Matthias and Maresch, Daniela and Fredriksson, Antti (2018) Loan managers' decisions and trust in entrepreneurs in different institutional contexts. Entrepreneurship & Regional Development, 30 (1-2). pp. 146-172. ISSN 1464-5114

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Official URL: http://dx.doi.org/10.1080/08985626.2017.1400115

Abstract

Loan managers’ trust in entrepreneurs can be a useful tool for overcoming entrepreneurial firms’ opaqueness. Nevertheless, the possibility for loan managers to leverage trust can be affected by differences in the regulative institutions within the banks (type of bank) and by place-bound normative institutions (social context). By relying on semi-structured interviews and a survey of 450 bank-entrepreneur relationships, this study finds that a positive impact of trust in lending relationships is sensitive to different place-bound normative institutions and to the regulative institutions within the banks. The results are robust with respect to potential endogeneity issues.

Item Type: Journal Article
Keywords: Bank credit, relationship lending, small and medium enterprises, trust, institutional embeddedness
Faculty: Faculty of Arts, Law & Social Sciences
Depositing User: Matthias Fink
Date Deposited: 26 Feb 2018 09:58
Last Modified: 17 May 2019 01:02
URI: http://arro.anglia.ac.uk/id/eprint/702730

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