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Erschienen in:
2009 | OriginalPaper | Buchkapitel
An Empirical Analysis of the Default Rate of Informal Lending—Evidence from Yiwu, China
verfasst von : Wei Lu, Xiaobo Yu, Juan Du, Feng Ji
Erschienen in: Cutting-Edge Research Topics on Multiple Criteria Decision Making
Verlag: Springer Berlin Heidelberg
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This study empirically analyzes the underlying factors contributing to the default rate of informal lending. This paper adopts snowball sampling interview to collect data and uses the logistic regression model to explore the specific factors. The results of these analyses validate the explanation of how the informal lending differs from the commercial loan. Factors that contribute to the default rate have particular attributes, while sharing some similarities with commercial bank or FICO credit scoring Index. Finally, our concluding remarks draw some inferences from empirical analysis and speculate as to what this may imply for the role of formal and informal financial sectors.