Credit Participation and Credit Source Selection of Vietnam Small and Medium Enterprises
<p>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...
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Universitas Indonesia
2014-11-01
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Online Access: | http://journal.ui.ac.id/index.php/tseajm/article/view/3929 |
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doaj-eb2481f414f945cc8cbac6f2afe30f5b2021-03-15T09:52:42ZengUniversitas IndonesiaSouth East Asian Journal of Management1978-19892355-66412014-11-018210412810.21002/seam.v8i2.39292855Credit Participation and Credit Source Selection of Vietnam Small and Medium EnterprisesNguyen Anh Hoang0Toshitsugu Otake1Ritsumeikan Asia Pacific UniversityRitsumeikan Asia Pacific University<p>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 the<br />common use of informal credit market in developing countries.</p><p> </p>http://journal.ui.ac.id/index.php/tseajm/article/view/3929Behavioral FinanceCredit ParticipationCredit Source SelectionFormal CreditInformal CreditVietnam |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Nguyen Anh Hoang Toshitsugu Otake |
spellingShingle |
Nguyen Anh Hoang Toshitsugu Otake Credit Participation and Credit Source Selection of Vietnam Small and Medium Enterprises South East Asian Journal of Management Behavioral Finance Credit Participation Credit Source Selection Formal Credit Informal Credit Vietnam |
author_facet |
Nguyen Anh Hoang Toshitsugu Otake |
author_sort |
Nguyen Anh Hoang |
title |
Credit Participation and Credit Source Selection of Vietnam Small and Medium Enterprises |
title_short |
Credit Participation and Credit Source Selection of Vietnam Small and Medium Enterprises |
title_full |
Credit Participation and Credit Source Selection of Vietnam Small and Medium Enterprises |
title_fullStr |
Credit Participation and Credit Source Selection of Vietnam Small and Medium Enterprises |
title_full_unstemmed |
Credit Participation and Credit Source Selection of Vietnam Small and Medium Enterprises |
title_sort |
credit participation and credit source selection of vietnam small and medium enterprises |
publisher |
Universitas Indonesia |
series |
South East Asian Journal of Management |
issn |
1978-1989 2355-6641 |
publishDate |
2014-11-01 |
description |
<p>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 the<br />common use of informal credit market in developing countries.</p><p> </p> |
topic |
Behavioral Finance Credit Participation Credit Source Selection Formal Credit Informal Credit Vietnam |
url |
http://journal.ui.ac.id/index.php/tseajm/article/view/3929 |
work_keys_str_mv |
AT nguyenanhhoang creditparticipationandcreditsourceselectionofvietnamsmallandmediumenterprises AT toshitsuguotake creditparticipationandcreditsourceselectionofvietnamsmallandmediumenterprises |
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