Rights statement: This is the peer reviewed version of the following article: Patel, P. C., & Tsionas, M. G. (2021). Learning-by-lending and learning-by-repaying: A two-sided learning model for defaults on Small Business Administration loans. Managerial and Decision Economics, 1– 14. https://doi.org/10.1002/mde.3426 which has been published in final form at https://onlinelibrary.wiley.com/doi/10.1002/mde.3426 This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
Accepted author manuscript, 428 KB, PDF document
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Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Learning‐by‐lending and learning‐by‐repaying
T2 - A two‐sided learning model for defaults on Small Business Administration loans
AU - Patel, Pankaj C.
AU - Tsionas, Mike G.
N1 - This is the peer reviewed version of the following article: Patel, P. C., & Tsionas, M. G. (2021). Learning-by-lending and learning-by-repaying: A two-sided learning model for defaults on Small Business Administration loans. Managerial and Decision Economics, 1– 14. https://doi.org/10.1002/mde.3426 which has been published in final form at https://onlinelibrary.wiley.com/doi/10.1002/mde.3426 This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
PY - 2022/6/30
Y1 - 2022/6/30
N2 - Drawing on a sample of Small Business Administration (SBA) loans, we develop and test for a two-sided dynamic learning model to assess the degree of learning-by-lending in bank branches and learning-by-repaying for borrowers. The results show that learning-by-lending is negligible; however, learning-by-repaying is small but meaningful, with a shallow learning curve slope of 0.2. The findings have implications for two-sided learning and for policymakers aiming to lower defaults in SBA loans.
AB - Drawing on a sample of Small Business Administration (SBA) loans, we develop and test for a two-sided dynamic learning model to assess the degree of learning-by-lending in bank branches and learning-by-repaying for borrowers. The results show that learning-by-lending is negligible; however, learning-by-repaying is small but meaningful, with a shallow learning curve slope of 0.2. The findings have implications for two-sided learning and for policymakers aiming to lower defaults in SBA loans.
KW - Management of Technology and Innovation
KW - Management Science and Operations Research
KW - Strategy and Management
KW - Business and International Management
U2 - 10.1002/mde.3426
DO - 10.1002/mde.3426
M3 - Journal article
VL - 43
SP - 906
EP - 919
JO - Managerial and Decision Economics
JF - Managerial and Decision Economics
SN - 0143-6570
IS - 4
ER -