Does bank perception of abilities and human capital affect access to loans for business successors?
by Petra Moog, Birgit Felden
International Journal of Entrepreneurship and Small Business (IJESB), Vol. 14, No. 1, 2011

Abstract: Business successions require multiple kinds of abilities and human capital because they are usually complex and require control of all areas of running a business. Moreover, most successions require more financing than a start-up. There has been scarcely any empirical research on the connection between getting bank financing and the level of a successor's human capital and abilities. For this reason, the study tests the hypotheses that banks take keen interest in successors' abilities and human capital – along with other criteria – as proof of productivity and thus, affect the granting of loans for business successions. We use data of 61 banks to test the impact of human capital and abilities of successors on financing. We can show, that the banks perception of human capital and abilities does affect the access to loans in the case of business transfer.

Online publication date: Tue, 21-Oct-2014

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