Han, Liang; Fraser, Stuart; Storey, David J. - In: Journal of Banking & Finance 33 (2009) 2, pp. 415-424
This paper takes the concept of a discouraged borrower originally formulated by Kon and Storey [Kon, Y., Storey, D.J., 2003. A theory of discouraged borrowers. Small Business Economics 21, 37-49] and examines whether discouragement is an efficient self-rationing mechanism. Using US data it finds...