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Brown, J. David; Earle, John S. - Institute for the Study of Labor (IZA) - 2013

Small Business Administration (SBA) loans have long been one of the most significant policy interventions in the U.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list of all SBA loans linked to annual data on all U.S....

Persistent link: https://www.econbiz.de/10010884334

Reputation and Credit Market Formation: How Relational Incentives and Legal Contract Enforcement Interact

Fehr, Ernst; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2009

incentives and exacerbates another moral hazard problem in credit markets – the choice of inefficient high-risk projects. …

Persistent link: https://www.econbiz.de/10004976880

The Determinants of Foreign Direct Investment Flows to the Federal Region of Kurdistan

Heshmati, Almas; Davis, Rhona - Institute for the Study of Labor (IZA) - 2007

The flow of foreign direct investment (FDI) has increased dramatically in the last two decades. However, the distribution of FDI is highly unequal and the competition among countries to attract foreign investors is fierce. This report investigates the determinants of FDI inflows to developing...

Persistent link: https://www.econbiz.de/10005762073

The Effect of Credit Guarantees on R&D Investment of SMEs in Korea

Heshmati, Almas - Institute for the Study of Labor (IZA) - 2013

policy measures are proposed to promote a better balance between public and private investments to reduce the risk of …

Persistent link: https://www.econbiz.de/10010884264

Bad Bank(s) and Recapitalization of the Banking Sector

Schäfer, Dorothea; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2009

addition, the risk of moral hazard is curtailed. The comparison of the proposed design with the bad bank plan of the German …-out unit, a so-called bad bank. The key element of the plan is the valuation of troubled assets at their current market value … recapitalize the good bank by taking an equity stake in it. In extreme cases, this would mean a takeover of the bank by the …

Persistent link: https://www.econbiz.de/10008632733

Win Some Lose Some? Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco

Angelucci, Manuela; Karlan, Dean; Zinman, Jonathan - Institute for the Study of Labor (IZA) - 2013

Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high interest rates. We use a clustered randomized trial, and household surveys of eligible borrowers and their businesses, to estimate impacts from an expansion of group lending at...

Persistent link: https://www.econbiz.de/10010884156

Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

Coibion, Olivier; Gorodnichenko, Yuriy; Kudlyak, Marianna; … - Institute for the Study of Labor (IZA) - 2014

One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome households. Using household level data on...

Persistent link: https://www.econbiz.de/10010884200

Is Climbing Difficult? A Gendered Analysis on the Use of Financial Services in Ghana and South Africa

Annim, Samuel; Arun, Thankom Gopinath - Institute for the Study of Labor (IZA) - 2013

This paper examines the gender gaps in the use of higher-order financial services such as investment and insurance, draws on the FinMark national-level data from Ghana and South Africa. The main observation is that females in South Africa are more likely to use general financial and investment...

Persistent link: https://www.econbiz.de/10010884363

Cross-National Differences in Wealth Portfolios at the Intensive Margin: Is There a Role for Policy?

Doorley, Karina; Sierminska, Eva - Institute for the Study of Labor (IZA) - 2014

Using harmonized wealth data and a novel decomposition approach in this literature, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that the association between household wealth portfolios at...

Persistent link: https://www.econbiz.de/10010959745

Is Rationing in the Microfinance Sector Determined by the Microfinance Type? Evidence from Ghana

Diaz-Serrano, Luis; Sackey, Frank Gyimah - Institute for the Study of Labor (IZA) - 2015

This study sets out to examine the extent to which access to credit and credit rationing are influenced by the microfinance type based on the major factors determining micro, small and medium enterprises' access to credit from microfinance institutions in the era of financial liberalization. The...

Persistent link: https://www.econbiz.de/10011265661

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