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Monitoring Costs, Credit Constraints and Entrepreneurship

Banerji, Sanjay - 2012

The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...

Persistent link: https://www.econbiz.de/10013104968

Are Women More Credit Constrained? Experimental Evidence on Gender and Microenterprise Returns

de Mel, Suresh; McKenzie, David J.; Woodruff, Christopher M. - 2021

In a recent randomized experiment we found mean returns to capital of between 5 and 6 percent per month in Sri Lankan microenterprises, much higher than market interest rates. But returns were found to be much higher among men than among women, and indeed were not different from zero for women....

Persistent link: https://www.econbiz.de/10013324928

Financial Constraints and Small and Medium Enterprises : A Review

Bakhtiari, Sasan - 2020

Development. We examine the role of financial constraints in SME growth, with emphasis on business cycles and credit access. We …

Persistent link: https://www.econbiz.de/10012842053

Access to Finance Among Small and Medium-Sized Enterprises and Job Creation in Africa

Brixiova, Zuzana - 2020

In the past decade inclusive growth, that is job-rich growth, has topped the policy agenda in developing countries. This paper investigates how the access to finance affects employment in small and medium-sized enterprises (SMEs) in Sub-Saharan Africa. It first presents a model where firm...

Persistent link: https://www.econbiz.de/10012822842

Finance and Growth at the Firm Level : Evidence from SBA Loans

Brown, J. David - 2015

We analyze linked databases on all Small Business Administration (SBA) loans, on all SBA lenders, and on all U.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on firm age, size, industry, year, and employment history,...

Persistent link: https://www.econbiz.de/10013016226

Innovative Firms or Innovative Owners? Determinants of Innovation in Micro, Small, and Medium Enterprises

de Mel, Suresh - 2015

Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across … and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have … restricted standard analysis of the determinants of innovation to consideration of the role of firm characteristics. We develop a …

Persistent link: https://www.econbiz.de/10012749897

The Link between R&D, Innovation and Productivity : Are Micro Firms Different?

Baumann, Julian - 2016

We analyze the link between R&D, innovation, and productivity in MSMEs with a special focus on micro firms with fewer … than 10 employees; usually constituting the majority of firms in industrialized economies. Using the German KfW SME panel … the probability of reporting innovation, with a larger effect size for product than for process innovations. Moreover …

Persistent link: https://www.econbiz.de/10012999002

Innovation and Smes Patent Propensity in Korea

Han, Junghee - 2015

automotive parts industry, is negatively related with propensity to patent innovation. Also, unlike expectations, the InnoBiz …

Persistent link: https://www.econbiz.de/10013029129

Funding Self-Employment : The Role of Consumer Credit

Kneiding, Christoph - 2011

This paper investigates whether self-employed households use consumer loans – in particular instalment loans and overdrafts – to finance business activities. Controlling for financial and non-financial household variables we show that self-employed households particularly use personal...

Persistent link: https://www.econbiz.de/10013118523

The Demand for, and Consequences of, Formalization Among Informal Firms in Sri Lanka

de Mel, Suresh - 2012

The majority of firms in most developing countries are informal. We conducted a field experiment in Sri Lanka which provided incentives for informal firms to formalize. Offering only information about the registration process and reimbursement for direct registration costs had no impact on...

Persistent link: https://www.econbiz.de/10013107733