Does Risk Attitude Influence the Information Use by Credit Managers? A Survey Study Among Credit Managers in Swedish Suppliers. Patric Anderson, Economic Psychology Unit, Stockholm School of Economics, P.O. Box 6501, S-113 83 Stockholm, Sweden, e-mail ppa@hhs.se
This paper concerns attitude toward risk and information use in an area of financial decision making that has attracted considerable attention in the 1990's in Sweden, namely the granting of credit. The goal of the paper is to establish the relation between risk attitude and information use, the relation between experience and risk attitude, and the relation between experience and information use. A theoretical frame and an empirical investigation are presented. Experienced credit managers in Swedish supplying companies were selected to participate in a nation-wide survey. No relation between risk attitude and information use could be established, but there was a tendency among experienced credit managers to be risk takers. Differences in information use regarding experience were also reported. Besides the contributions to risk research, the findings has also relevance to financial decision making, management, and expert judgment.
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