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Is Group Lending A Good Enforcement Scheme for Achieving High Repayment Rates?: Evidence from Field Experiments in Vietnam
https://doi.org/10.20561/00038100
https://doi.org/10.20561/0003810056ffd344-df64-4bb4-8268-8f3a24ec10e0
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
本文 (253.0 kB)
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| Item type | アジ研テクニカルレポート / IDE Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2006-07-25 | |||||
| タイトル | ||||||
| タイトル | Is Group Lending A Good Enforcement Scheme for Achieving High Repayment Rates?: Evidence from Field Experiments in Vietnam | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||
| 資源タイプ | technical report | |||||
| ID登録 | ||||||
| ID登録 | 10.20561/00038100 | |||||
| ID登録タイプ | JaLC | |||||
| 著者 |
Kono, Hisaki
× Kono, Hisaki |
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| 著者別名 | ||||||
| 高野, 久紀 | ||||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | Microfinance institutions employ various kinds of incentive schemes but estimating the effect of each scheme is not easy due to endogeneity bias. We conducted field experiments in Vietnam to capture the role of joint liability, monitoring, cross-reporting, social sanctions, communication and group formation in borrowers’ repayment behavior. We find that joint liability contracts cause serious free-riding problems, inducing strategic default and lowering repayment rates. When group members observe each others’ investment returns, participants are more likely to choose strategic default. Even after introducing a cross-reporting system and/or penalties among borrowers, the default rates and the ratios of participants who chose strategic default under joint liability are still higher than those under individual lending. We also find that joint liability lending often failed to induce mutual insurance among borrowers. Those who had been helped or who had repaid a little in the previous round were more likely to default strategically and repay a little again in the current round and those who paid large amounts were always the same individuals. | |||||
| 権利 | ||||||
| 権利情報 | Copyrights 日本貿易振興機構（ジェトロ）アジア経済研究所 / Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) http://www.ide.go.jp | |||||
| 収録情報 |
IDE Discussion Paper en : IDE Discussion Paper 巻 61, 発行日 2006-05-01 |
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| 出版者 | ||||||
| 出版者 | Institute of Developing Economies (IDE-JETRO) | |||||
| 著者版フラグ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| 日本十進分類法 | ||||||
| 主題Scheme | NDC | |||||
| 主題 | 338 | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:F15 - Economic Integration | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:O30 - General | |||||
| 地域/国名 | ||||||
| 位置情報（自由記述） | ベトナム | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Microfinance | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Joint liability | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Free-riding | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Vietnam | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | マイクロファイナンス | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | ベトナム | |||||
| フォーマット | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | application/pdf | |||||
| DIG_NO | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | IDP000061_001 | |||||
