@article{Kasarjyan:7796,
      recid = {7796},
      author = {Kasarjyan, Milada and Fritzsch, Jana and Buchenrieder,  Gertrud and Korff, Rudiger},
      title = {REPAYMENT PERFORMANCE UNDER JOINT LIABILITY BORROWING.  DOES SOCIAL CAPITAL MATTER?: EVIDENCE FROM ARMENIA},
      address = {2007},
      number = {689-2016-47221},
      series = {European Association of Agricultural Economists 104th  Seminar - 2007},
      pages = {8},
      year = {2007},
      abstract = {The aim of this paper is to test empirically the role of  both cognitive and structural social capital in explaining  the repayment performance of individual members under joint  liability borrowing in rural Armenia. Based on unique  primary data collected in 2006 in Ararat, Armavir and  Vayots Dzor provinces, overall 86 observations, we  estimated the Logit model to identify the determinants  associated with good or bad repayment behavior of  individual members. The results revealed that the members  with higher level of structural and cognitive social  capital as well as with higher farm productivity performed  better. This indicates the importance of social as well as  economic determinants for the decision and the ability of  borrower's to repay the credit.},
      url = {http://ageconsearch.umn.edu/record/7796},
      doi = {https://doi.org/10.22004/ag.econ.7796},
}