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Agricultural Lending Decision: A Multiattribute Analysis
Author(s) -
Stover Roger D.,
Teas R. Kenneth,
Gardner Roy J.
Publication year - 1985
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1241070
Subject(s) - loan , explanatory power , process (computing) , officer , set (abstract data type) , perspective (graphical) , decision process , agriculture , econometrics , computer science , business , actuarial science , operations research , economics , process management , mathematics , finance , artificial intelligence , geography , archaeology , philosophy , epistemology , programming language , operating system
This paper examines the agdcultural loan decision process from the perspective of the individual loan officer. An analysis of this process concerns the relative effects of various criteria on the loan application and the degree to which tradeoffs are made among them by the loan officer. The theoretical model is empirically tested using a set of factorially designed combinations of these variables. This format avoids several of the problems previously encountered when the iending process has been empirically examined. The model not only exhibits a high degree of explanatory power but also permits important insights into this process.