Agarwal, Sumit; Chomsisengphet, Souphala; Liu, Chunlin - In: Journal of Economic Psychology 32 (2011) 4, pp. 632-650
In this paper, we empirically assess the role of individual social capital on personal bankruptcy and default outcomes in the consumer credit market. After controlling for a borrower's risk score, debt, income, wealth, and legal and economic environments, we find that default/bankruptcy risk...