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Vive la Différence: Social Banks and Reciprocity in the Credit Market
Szafarz, Ariane; Cornée, Simon - Centre Emile Bernheim, Solvay Brussels School of … - 2012
Social banks are financial intermediaries paying attention to non-economic (i.e. social, ethical, and environmental) criteria. This paper investigates the behavior of social banks in the European credit market. We use a unique hand-collected dataset on 389 business loans granted by a French...
Persistent link: https://www.econbiz.de/10010675885
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Do small family businesses have a peculiar attitude toward growth? Evidence from French SMEs.
Hamelin, Anaïs - Centre Emile Bernheim, Solvay Brussels School of … - 2009
This paper uses a very large sample of French SMEs to study growth of family owned firms. Firms range from total-family to minority control. The estimated relationship accounts for firm characteristics of size and, age, sector, and financial solvency. The results show that firms with greater...
Persistent link: https://www.econbiz.de/10004969792
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Who Funds Technology-Based Small Firms? Evidence from Belgium
van Pottelsberghe de la Potterie, Bruno; Bozkaya, ANT - Centre Emile Bernheim, Solvay Brussels School of … - 2004
Using an original survey sample of 103 unquoted Belgian technology-based small firms (TBSFs), we examine the capital structure of start-up companies during their consecutive development stages. We find that internal funds, either alone as personal savings or in combination with family and...
Persistent link: https://www.econbiz.de/10005558862
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Women’s Access to Credit in France: How Microfinance Institutions Import Disparate Treatment from Banks
Szafarz, Ariane; Cozarenco, Anastasia - Centre Emile Bernheim, Solvay Brussels School of … - 2013
This paper compares the loans granted to male and female entrepreneurs by a French microfinance institution (MFI). The sample period is split in two: before and after the MFI implemented France's regulatory EUR 10,000 loan ceiling. In the first period, the MFI does not co-finance projects with...
Persistent link: https://www.econbiz.de/10010736404
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Microcredit in Developed Countries: Unexpected Consequences of Loan Ceilings
Szafarz, Ariane; Cozarenco, Anastasia - Centre Emile Bernheim, Solvay Brussels School of … - 2014
In most developed countries, regulators have imposed loan ceilings to subsidized microfinance institutions (MFIs). Micro-entrepreneurs in need of above-ceiling loans are left with the co-financing option, which means securing the aboveceiling share of the loan with a regular bank, and getting a...
Persistent link: https://www.econbiz.de/10010791581
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Gender Biases in Bank Lending: Lessons from Microcredit in France
Szafarz, Ariane; Cozarenco, Anastasia - Centre Emile Bernheim, Solvay Brussels School of … - 2015
The evidence on gender discrimination in lending remains controversial. To capture gender biases in banks’ loan allocations, we observe the impact on the applicants of a microfinance institution (MFI) and exploit the natural experiment of a regulatory change imposing a strict EUR 10,000 loan...
Persistent link: https://www.econbiz.de/10011185443
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It Takes Two to Tango: Entrepreneurship and Creativity in Troubled Times – Vietnam 2012
Dang Le Nguyen, Vu; Napier, Nancy K.; Vuong, Quan Hoang - Centre Emile Bernheim, Solvay Brussels School of … - 2012
entrepreneurship and creativity in business conducted within a turbulent environment. Our initial hypothesis is that a typical … also examines many previous findings on both entrepreneurship and creativity and suggests a highly possible “organic growth …” of creativity in an entrepreneurial environment and reinforcing value of entrepreneurship when creativity power is …
Persistent link: https://www.econbiz.de/10010968964
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Labor Regulations and European Private Equity
Bozkaya, ANT; R. Kerr, William - Centre Emile Bernheim, Solvay Brussels School of … - 2009
European nations substitute between employment protection regulations and labor market expenditures (e.g. unemployment insurance benefits) for providing worker insurance. Employment regulations more directly tax firms making frequent labor adjustments than other labor insurance mechanisms....
Persistent link: https://www.econbiz.de/10008544626
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Surveying technology-based small firms: a perspective from Belgium
ROMAIN, Astrid Romain; van Pottelsberghe de la … - Centre Emile Bernheim, Solvay Brussels School of … - 2003
affecting entrepreneurship and on the financial architecture of the firms. The survey data of 103 TBSFs shows that 82 percent of … development. Several strengths and weaknesses of the Belgian framework conditions for entrepreneurship are identified. The results …
Persistent link: https://www.econbiz.de/10005558845
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Défis du financement agricole et rural, rôle pour la microfinance et implications pour les politiques publiques en Afrique subsaharienne. Pistes de recherche basées sur le cas du B...
Niyongazabo, Ephrem - Centre Emile Bernheim, Solvay Brussels School of … - 2008
En Afrique subsaharienne, les zones agricoles et rurales abritent plus de trois quarts de la population et contribuent pour la grande part à l’emploi, au PIB, aux recettes d’exportations et à l’offre alimentaire. Dès lors, le financement des activités qui se développent dans ces zones...
Persistent link: https://www.econbiz.de/10005357834