Lending Behavior toward Family Firms
Sufficient capital is the basic requirement necessary to operate the business, to fund innovation, to drive growth and to successfully hand over the business to next generations. Thomas Pijanowski investigates the impact of family firms on bank loan officers’ judgment and decision making in the context of lending. Using an experimental conjoint approach and building upon behavioral economics he examines the question of whether and why loan officers deal heterogeneously with different types of family firms in the context of their credit availability decisions. The outcome of this research project holds some important implications for practitioners.
Contents
- Research Regarding Lending Behavior toward Family Firms
- Theoretical Model
- Method, Results and Conclusion
Target Groups
- Researchers and students in the field of business management with a focus on family business research
- Managers and owners of family firms, banks and bank loan officers
The Author
Dr. Thomas Pijanowski wrote his dissertation under the supervision of Prof. Dr. Andreas Hack and Prof. Dr. Arist von Schlippe at the Witten Institute for Family Business (WIFU) at Witten/Herdecke University.
About the Editors
The series Familienunternehmen und KMU is edited by Prof. Dr. Andreas Hack, Prof. Dr. Andrea Calabrò, Prof. Dr. Hermann Frank, Prof. Dr. Franz W. Kellermanns Ph.D. and Prof. Dr. Thomas Zellweger.