Record Details

Credit Participation and Credit Source Selection of Vietnam Small and Medium Enterprises

South East Asian Journal of Management

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Field Value
 
Title Credit Participation and Credit Source Selection of Vietnam Small and Medium Enterprises
 
Creator Nguyen Anh Hoang; Ritsumeikan Asia Pacific University
Toshitsugu Otake; Ritsumeikan Asia Pacific University
 
Subject Finance
Behavioral Finance; Credit Participation; Credit Source Selection; Formal Credit; Informal Credit; Vietnam
 
Description This study is an attempt to investigate the motivation behind the decision to participate in the credit market of SMEs from perspectives of behavioral finance and social capital theories. In addition, the study also examines the effect of behavioral finance and social capital factors on the credit source selection among SMEs. This study’s design strategy involves conducting questionnaire surveys to SMEs owners and statistical techniques to analyze the determinants of credit participation and credit source selection of borrowers. The findings showed that personal traits of SMEs owners/managers in terms of behavioral finance factors such as debt and risk attitudes, present biased and overconfidence and firms networking also have impacts on the firms’ credit participation and credit source selection. The research is one of the few studies that consider the influence of behavioral finance factors on firms financing decision. Furthermore, our result also contributes to explain thecommon use of informal credit market in developing countries. 
 
Publisher Department of Management, Faculty of Economics and Business, Universitas Indonesia
 
Contributor —
 
Date 2014-11-11
 
Type Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journal.ui.ac.id/index.php/tseajm/article/view/3929
 
Source The South East Asian Journal of Management; Vol 8, No 2 (2014): October 2014; 104-128
 
Language en
 
Coverage South East Asia
June–August 2013
263 SME Firms