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Nontraditional Lenders in Agricultural Credit Markets
Author(s) -
Sherrick Bruce J.,
Sonka Steven T.,
Monke James D.
Publication year - 1994
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(199407/08)10:4<341::aid-agr2720100407>3.0.co;2-c
Subject(s) - underwriting , business , intermediation , agriculture , industrial organization , resource (disambiguation) , competitive advantage , financial intermediary , economics , finance , financial system , marketing , computer network , ecology , computer science , biology
Abstract The strategic behavior of nontraditional lenders in agricultural credit markets is examined, Summary survey findings related to several nontraditional agricultural credit suppliers are presented; resourcebased strategy concepts are introduced to evaluate the competitive implications of nontraditional lending programs. The potential advantages conferred by firms' resource bases are illustrated with descriptions of the difference among lenders of the functional areas of intermediation (funding, delivery, regulatory compliance, risk‐bearing capacity, underwriting) and how these relate to competitive advantages. Finally, managerial, sector‐level, and customer implications are discussed. ©1994 by John Wiley & Sons, Inc.