Learning‐by‐lending and learning‐by‐repaying: A two‐sided learning model for defaults on Small Business Administration loans
Pankaj C. Patel and
Mike G. Tsionas
Managerial and Decision Economics, 2022, vol. 43, issue 4, 906-919
Drawing on a sample of Small Business Administration (SBA) loans, we develop and test for a two‐sided dynamic learning model to assess the degree of learning‐by‐lending in bank branches and learning‐by‐repaying for borrowers. The results show that learning‐by‐lending is negligible; however, learning‐by‐repaying is small but meaningful, with a shallow learning curve slope of 0.2. The findings have implications for two‐sided learning and for policymakers aiming to lower defaults in SBA loans.
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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:43:y:2022:i:4:p:906-919
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