John Wilson is Professor of Banking & Finance and the Director of Research at the School of Management, University of St Andrews. He is also Director of the Centre for Responsible Banking & Finance. He has published over 50 refereed journal articles and is the author/co-author of numerous books. These include: European Banking: Efficiency, Technology and Growth; Industrial Organisation: An Analysis of Competitive Markets; The Economics of Business Strategy; Industrial Organization: Competition Strategy and Policy, now in its fifth edition; and Banking: A Very Short Introduction. John edited a five volume Routledge Major Works in Banking. He also co-edited the first and second editions of the Oxford Handbook of Banking and the Handbook of Post Crisis Financial Modelling.
An empirical examination of discouraged borrowers in the UK. Research Paper No 69
Published: 24 May 2018
This paper investigates the differences between small and medium sized firms (SMEs) that apply for funding and those that are discouraged from applying for funding - so-called discouraged borrowers. The dynamics and determinants of borrower discouragement, together with its impact on the activities of SMEs are also investigated. Data from the Longitudinal Small Business Survey suggests that one in ten SMEs (9.3%) can be classified as being a discouraged borrower or as many as half a million UK SMEs could be discouraged borrowers.