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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

How Successful are Banking Sector Reforms in Emerging Market Economies? Evidence from Impact of Monetary Policy on Levels and Structures of Firm Debt in India

Bhaumik, Sumon K. - 2016

that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings …

Persistent link: https://www.econbiz.de/10012988130

The Returns to Entrepreneurship : Evidence from Matched Person-Firm Data

van Praag, Mirjam - 2017

Empirical studies show low pecuniary returns of switching from wage employment to entrepreneurship. We reconsider the pecuniary gains of this switching by employing a two-stage procedure, where the randomness in the timing of inheritance transfers is used as an exclusion restriction to identify...

Persistent link: https://www.econbiz.de/10012947121

Mortgage Finance and Culture

Rodríguez-Planas, Núria - 2018

Using a nationally representative sample of 12,344 immigrants from 41 different countries of ancestry living in Spain in 2007, we find that the higher the housing-loan penetration in the country of ancestry, the higher the likelihood of having a mortgage in Spain. Similarly, the higher the...

Persistent link: https://www.econbiz.de/10012926734

Do SBA Loans Create Jobs?

Brown, J. David - 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/10013077297

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

Fehr, Ernst - 2009

The evidence suggests that relational contracting and legal rules play an important role in credit markets but on the basis of the prevailing field data it is difficult to pin down their causal impact. Here we show experimentally that relational incentives are a powerful causal determinant for...

Persistent link: https://www.econbiz.de/10013157034

Does the Community Reinvestment Act Increase Small Business Lending in Lower Income Neighborhoods?

Kim, Mee Jung; Lee, Kyung Min; Earle, John S. - 2022

We estimate the impact of the Community Reinvestment Act (CRA) on small business lending in lower-income neighborhoods. Using 2004-2016 panel data on census tracts, we apply a combined regression discontinuity and fixed effect method. We find that the number of small business loans increases by...

Persistent link: https://www.econbiz.de/10013406859

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

Brown, J. David - 2015

lenders. The estimation results imply an increase of 3-4 jobs for each million dollars of loans, suggesting that credit …

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

Effects of Labor Reallocation on Productivity and Inequality : Insights from Studies on Transition

Tyrowicz, Joanna - 2016

From a theoretical perspective the link between the speed and scope of rapid labor reallocation and productivity growth or income inequality is ambiguous. Do reallocations with more flows tend to produce higher productivity growth? Does such a link appear at the expense of higher income...

Persistent link: https://www.econbiz.de/10012982122

Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Pesaran, M. Hashem - 2011

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...

Persistent link: https://www.econbiz.de/10013119292

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