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This paper provides evidence that commercial lenders in Peru free ride off their peers' screening efforts. Leveraging a discontinuity in the loan approval process of a large bank, the study finds that competing lenders responded to additional loan approvals by issuing approvals of their own....
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Some argue that informal business owners are viable entrepreneurs who do not register due to complex regulation. Others … municipalities with high pre-reform constraints to formal entrepreneurship. These results explain why Bruhn, 2008 and Bruhn, 2011 …
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Some argue that informal business owners are viable entrepreneurs who do not register due to complex regulation. Others … municipalities with high pre-reform constraints to formal entrepreneurship. These results explain why Bruhn (2008, 2011) finds no …
Persistent link: https://www.econbiz.de/10010679299