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Measurement and determinants of access to loans

Hainz, Christa; Nabokin, Tatjana - 2013

limitations perception-based indicators or approximations of access to finance by the usage of finance are often used …, disregarding firm-specific differences in the demand for external finance. Using unique firm-level survey data, which provide … for future survey design. -- access to finance ; usage of finance ; credit demand, perceived access to finance …

Persistent link: https://www.econbiz.de/10009728261

Pricing in microinsurance markets

Biener, Christian - In: World development : the multi-disciplinary … 41 (2013), pp. 132-144

Persistent link: https://www.econbiz.de/10009709956

Microenterprise development programs in the United States and in the developing world

Schreiner, Mark; Woller, Gary Michael - In: World development : the multi-disciplinary … 31 (2003) 9, pp. 1567-1580

Persistent link: https://www.econbiz.de/10001842915

The importance of geographic access for the impact of microfinance

Alimukhamedova, Nargiza; Filer, Randall Keith; Hanousek, Jan - 2015

The geographic distance between a household and financial institutions may constitute a significant obstacle to achieving the benefits of modern financial institutions. We measure the impact of improved distance-related access to microcredits in Uzbekistan. Residents living closer to...

Persistent link: https://www.econbiz.de/10011292967

What should fiscal councils do?

Calmfors, Lars; Wren-Lewis, Simon - 2011

The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...

Persistent link: https://www.econbiz.de/10009011182

Revealing downturns

Schmalz, Martin C.; Zhuk, Sergey - 2018

When Bayesian risk-averse investors are uncertain about their assets' cash flows' exposure to systematic risk, stock prices react more to news in downturns than in upturns, implying higher volatility in downturns and negatively skewed returns. The reason is that, in good times, less desirable...

Persistent link: https://www.econbiz.de/10011794118

Racial disparities in access to small business credit : evidence from the paycheck protection program

Howell, Sabrina T.; Kuchler, Theresa; Snitkof, David; … - 2021

We explore the sources of racial disparities in small business lending by studying the $806 billion Paycheck Protection Program (PPP), which was designed to support small business jobs during the COVID-19 pandemic. PPP loans were administered by private lenders but federally guaranteed, largely...

Persistent link: https://www.econbiz.de/10012643529

Financial constraints and moral hazard : the case of franchising

Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - 2013

Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...

Persistent link: https://www.econbiz.de/10010210716

The effects of COVID-19 on U.S. small businesses: evidence from owners, managers, and employees

Alekseev, Georgij; Amer, Safaa; Gopal, Manasa; Kuchler, … - 2020

We analyze a large-scale survey of owners, managers, and employees of small businesses in the United States to understand the effects of the early stages of the COVID-19 pandemic on those businesses. The survey was fielded in late April 2020 among Facebook business page administrators, frequent...

Persistent link: https://www.econbiz.de/10012291877

Measuring the spillovers of venture capital

Schnitzer, Monika; Watzinger, Martin - 2017

We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger...

Persistent link: https://www.econbiz.de/10011718181