Lensink, Robert; Eijkel, Remco van; Hermes, Niels - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 2007
Abstract: This paper investigates the strategic monitoring behaviour within a group lending setting. We develop a theoretical model, showing that monitoring efforts of group members differ from each other in equilibrium, as a result of the asymmetry between these members in terms of the future...