Hossain, Monzur; Yoshino, Naoyuki; Tsubota, Kenmei - 2023
A sustainable financing strategy for SMEs should aim to enhance a low-cost collateral-free supply of loans to SMEs with … good track records of repayments to banks. This paper suggests two alternative financing mechanisms to overcome certain … involve borrower selection bias and moral hazard problems, an alternative model has been proposed with a digital financing …