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Many financially distressed students who qualify for federal assistance plans with interest moratorium and principal forgiveness instead accrue interest over long periods of nonpayment. This loan mismanagement is associated with higher delinquency. Mismanagement varies significantly across student gender and race: it is more prominent among male and non-white students. Mismanagement also varies across loan servicers, depending on proxies for student-adverse servicer policies. We consider explanations based on student selection and servicer treatment for loan mismanagement. Student financial literacy plays an important role but variation in treatment on the part of loan servicers appears more important. Authors have furnished an Internet Appendix , which is available on the Oxford University Press Web site next to the link to the final published paper online [ABSTRACT FROM AUTHOR]

Blockchain technology offers features of immutability, decentralization, transparency, and fault tolerance which hold great potential for transforming the traditional educational credit management processes. This paper presents a framework for implementing the Academic Bank of Credit using blockchain for transparent student mobility within or between HEIs through a structured credit recognition, accumulation, transfer, and redemption system. The proof of concept of the proposed framework is implemented using Ethereum smart contracts in accordance with the ERC-20 token standard, to create, redeem, and manage academic credits on a decentralized and immutable system of blockchain. The framework incorporates features of access revocation and unique identity generation and authentication in the credit bank. The cost computation examines the framework for the practical adoption of blockchain-based solutions. The data integrity and confidentiality offered by the framework for transparent credit transfer are examined by the security measures. The findings highlight the potential of blockchain to revolutionize traditional credit management, improve administrative efficiency, and provide a secure and transparent foundation for credit transfers. [ABSTRACT FROM AUTHOR]

This paper considers the impact of the composition of the top management team on the credit default risk of the firm. Finance theory suggests that shareholders prefer higher levels of risk than the risk-averse executives managing the firm. Increasing the influence of female executives may reduce credit default risk, as female executives have been shown to be associated with lower firm risk. Alternatively, as diversity has been shown to improve the quality of group decision-making, a higher but optimal credit default risk may result. This paper uses a matched sample of 6,652 firm-year observations of publicly traded American firms over the period 2010–2020 to investigate the relationship between gender power within the top management team and credit default risk as measured by the Altman Z-score. This paper finds a convex relationship between the Altman Z-score and the influence of female executives. In other words, top management teams where power is shared between female and male executives accept higher levels of credit default risk than teams dominated by just female (or just male) executives. However, this paper also finds that an excessively high credit risk is negatively associated with the influence of female executives. [ABSTRACT FROM AUTHOR]

The article presents a new perspective on the economic and financial history of Latin America, examining the evolution of British, German, French, and Spanish banking in the region. It highlights the importance of local entrepreneurs and governments as clients in credit management. The Spanish experience of banknote issuance in the 19th century is also analyzed, focusing on the transformation from state banking to private banking. The role of the Banco de la Provincia de Buenos Aires in the transition from colonial rule to the new state in Argentina is emphasized. The article concludes by highlighting the relevance of economic history in long-term economic growth. [Extracted from the article]

The research was conducted to see how cost of funds (COC), and non-performing loans (NPL) on profitability is measured by return on assets (ROA). The research method used is descriptive and verification methods. Secondary data is sourced from Regional Development Banks of West Java and Banten Provinces in Indonesia quarterly financial reports for 2014 - 2022, while the data analysis technique uses multiple linear regression analysis. The results of the research are that COF and NPL has a negative and significant effect on ROA. Simultaneously, COF and NPL have a significant effect on ROA. The results of this research are useful for bank management in determining funding strategies with low cost of funds, and credit management strategies so that non-performing remains healthy. [ABSTRACT FROM AUTHOR]

Small and medium enterprise (SME) development is essential for India's economic expansion. SME is an important participant in the development of accessories that supports major industries. The current study is focused on the variables impacting performance measurement in SMEs, despite the fact that many small and medium businesses are experiencing significant losses and closures as a result of poor performance. The next goal is to determine the connection between small and medium business performance management and financial management practices. This study uses SME performance measurement as a dependent variable. Risk management, working capital management and credit management are three independent factors that can be used to assess SME financial management practices. The questionnaire that was used for each item was based on the earlier research. A five-point Likert scale was used to score each item scale used in this investigation. Working people in a few districts in South Tamil Nadu, India and used online structured questionnaires to gather data. The present sample size of the study is 157. The statistical data analysis has been carried out employing jamovi 1.8. For factor loading, reliability, sample size, model fit, regression analysis for hypothesis testing and structural education modelling were used. Policymakers and SME entrepreneurs who are familiar with performance measurement of many elements can benefit from the study's findings. The study found a relationship between SMEs' performance measurement and financial management practices. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this study is to examine how lenders alter their behavior when faced with real earnings management. Design/methodology/approach: This study uses the incremental R-square approach as in Kim and Kross (2005) to examine how much lenders rely on income statement and balance sheet ratios as the degree of real earnings management increases. Findings: As real earnings management affects mostly the income statement, the authors find that lenders rely less on income statement ratios in making credit decisions in the presence of real earnings management. The authors also find that lenders do not alter their reliance on balance sheet ratios when faced with real earnings management. Originality/value: This paper is the first to study how lenders alter their reliance on financial statements in making credit decisions in the presence of real earnings management. The findings of this paper could help the regulators set standards to improve the usefulness of financial statements. The findings of this paper could also help practitioners (borrowers and lenders) understand how real earnings management affects credit decisions. [ABSTRACT FROM AUTHOR]

Policy design approaches currently pay insufficient attention to feedback that occurs during the design process. Addressing this endogenous policy design feedback gap is pressing as policymakers can adopt 'low-fidelity' design approaches featuring compressed and iterative feedback-rich design cycles. We argue that within-design feedback can be oriented to the components of policy designs (instruments and objectives) and serve to reinforce or undermine them during the design process. We develop four types of low-fidelity design contingent upon the quality of feedback available to designers and their ability to integrate it into policy design processes: confident iteration and stress testing, advocacy and hacking, tinkering and shots in the dark, or coping. We illustrate the utility of the approach and variation in the types, use, and impacts of within-design feedback and low-fidelity policy design through an examination of the UK's Universal Credit policy. [ABSTRACT FROM AUTHOR]

This article delves into the pro-cyclicality of loan loss provisions (LLPs) and earnings management, along with equity management, in Portuguese banks against the backdrop of implementing the IFRS 9's expected credit loss (ECL) model. It concentrates on how LLPs mirror economic cycles and financial management practices, providing valuable insights into the operational dynamics of the Portuguese banking sector, marked by distinct economic and regulatory challenges. The research examined a sample of five Portuguese commercial banks, chosen from a group of seventeen in the Portuguese Banking Association. Data spanning from 2013 to 2022 were manually gathered. A multiple linear regression model was employed to scrutinize the relationship between LLPs and variables indicative of economic cycles and the earnings and equity management. The methodology use was a multiple linear regression model. The analysis indicates a pro-cyclicality in LLPs within the Portuguese context, with a positive response of LLPs to economic indicators like unemployment. Contrarily, the extent of earnings and equity management under the ECL model was less marked compared to the incurred credit loss (ICL) model, suggesting the impact of more stringent regulatory measures. The research corroborates the pro-cyclicality of LLPs in Portuguese banks under the ECL framework, underscoring the necessity for ongoing monitoring and refinement of models for forecasting and recognizing credit losses. The findings point to an area for improvement in financial management practices, despite regulatory enhancements, to promote transparency and ensure financial stability. [ABSTRACT FROM AUTHOR]

Small and micro-enterprises are usually majority-owned by entrepreneurs. Using a unique sample of loan applications from such firms, we study the role of owners' gender in bank credit decisions and post-credit-decision firm outcomes. We find that, ceteris paribus, female entrepreneurs are more prudent loan applicants than are males because they are less likely to apply for credit or to default after loan origination. The relatively more aggressive behavior of male applicants pays off, however, in terms of higher average firm performance after loan origination. [ABSTRACT FROM AUTHOR]

We document four secular trends about U.S. mortgage origination by traditional and FinTech lenders after the 2008-2009 financial crisis. First, since 2011, the overall number, size, and approval rate of small and medium-sized loans have been decreasing over time, relative to large loans. Second, the largest lenders redistribute their lending the most. Third, this loan-size redistribution of credit increases in the size of the lender. Fourth, the effects are stronger for mortgages further away from the conforming loan limit(s) in both directions. We argue that the supply of credit drives these secular trends, and we assess several potential economic mechanisms. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Estudios Cooperativos is the property of Universidad Complutense de Madrid and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Acta Scientiarum Polonorum. Oeconomia is the property of Wydawnictwo SGGW and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

While the underlying causal linkage between trade credit and corporate growth has mainly been explored, the primary factors that channel the relationship are limited. This article hypothesises a nonlinear relationship between trade credit and corporate growth due to the existing theoretical arguments on the benefit and cost of using suppliers' credit by corporations to enhance growth. Based on a panel of 23,023 non‐financial companies from the United Kingdom over a 10‐year period, evidence from this study reveals a nonlinear (concave) relation between trade credit and corporate growth: positive for low trade credit received and negative for high credit received. We also find trade credit to be sensitive to financial crisis, financial constraints and growth strategy. The predictability is stronger during a financial crisis, among financially constrained corporations and corporations pursuing an aggressive growth strategy. We also find growth to be higher in firms that move closer to achieving an optimal credit level. This relationship holds for both the above‐ and below‐optimal deviations. These findings have implications for a more balanced and nuanced view of trade credit management. [ABSTRACT FROM AUTHOR]

Copyright of Dilemas Contemporáneos: Educación, Política y Valores is the property of Dilemas Contemporaneos: Educacion, Politica y Valores and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study aimed to identify the procedures for monitoring bank credit and making credit decisions in banks, as well as knowing the impact of using bank credit follow-up procedures in making credit decisions in Yemeni banks. To achieve the objectives of the study, the descriptive analytical approach was adopted, where the required data were collected using a questionnaire that was distributed to the targeted sample of Yemeni banks. The study found that credit follow-up procedures positively affect the decision to grant credit in commercial banks, and that there are no significant differences between the averages of the respondents’ answers regarding the degree of influence of credit follow-up procedures on the decision to grant credit and the credit decision which is attributed to the personal characteristics of the respondents (years of experience, academic qualification, specialization, job position) in commercial banks in Aden Governorate, Yemen. [ABSTRACT FROM AUTHOR]

The Co-operative Union of Tobacco Producers of Greece (SEKE) made a series of key contributions to the reconstruction, and development, of Greek tobacco production and exports in the postwar period. Its strategies allowed tobacco growers to retain a larger part of the value that they produced. A historical analysis of SEKE's emergence and early trajectory allows a complex narrative of the postwar economic reconstruction to emerge, one in which we can appreciate the role of sub-state actors more clearly than has been the case thus far. By influencing the institutional framework regulating the tobacco sector, opening up new export markets, and investing in human capital, SEKE partially actualized the agrarian political program of the interwar period. As a large trading firm owned by agricultural cooperatives, SEKE's history forces us to revise the limited, often cynical view of Greek agrarian cooperativism as a mere mechanism for the enforcement of redistributive state policy and the management of credit from the Agricultural Bank. [ABSTRACT FROM AUTHOR]

PT. Pijer Podi Kekelengen People's Credit Bank is a financial institution that acts as an intermediary to collect funds from parties who have excess funds and distribute them to parties who lack funds. Credit is one of the products that people are interested in because it really helps to develop a business in terms of capital. As the number of loans increases, this is usually accompanied by problematic credit or non-performing loans on the loans provided. This research aims to determine credit guarantee strategies and credit management to build a healthy bank at PT. BPR PijerPodiKekelengen Cab. Simpang Selayang, Medan. The data collection method used to write this research is the interview method, the documentation method, and the observation method. The scope of this research is PT. BPR PijerPodiKekelengen Cab. Simpang Selayang, Medan. Methods of data analysis using qualitative methods. The subject of this research is credit guarantee and credit management strategy which aims to create a healthy bank at PT. BPR PijerPodiKekelengen Cab. Simpang Selayang, Medan. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Academic Finance is the property of Academic Finance Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Borrower drawdowns on credit commitments reduce a bank's capital buffer. Using Austrian credit register data and exploiting the 2008–09 financial crisis as an exogenous shock to bank health, we provide novel evidence that capital-constrained banks manage this risk by cutting credit commitments that are not fully used. Controlling for their capital position, we find that banks also respond to liquidity problems by cutting such commitments. However, banks manage the capital and liquidity risk posed by undrawn credit in a way that limits negative macroeconomic implications: credit cuts are targeted at financially less constrained firms, and we show that borrowers of more-affected banks can substitute lost credit with credit from other banks and do not suffer real effects. Additional findings suggest that voluntary agreements between constrained banks and strong firms to reduce spare borrowing capacity can explain why strong firms experience larger credit cuts. [ABSTRACT FROM AUTHOR]