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Job Creation, Small vs. Large vs. Young, and the Sba
Brown, J. David - 2015
Analyzing a list of all Small Business Administration (SBA) loans in 1991 to 2009 linked with annual information on all U.S. employers from 1976 to 2012, we apply detailed matching and regression methods to estimate the variation in SBA loan effects on job creation and firm survival across firm...
Persistent link: https://www.econbiz.de/10013011462
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The Decline of Big-Bank Lending to Small Business : Dynamic Impacts on Local Credit and Labor Markets
Chen, Brian S. - 2018
2014. We explore the dynamic adjustment process following this credit supply shock. In counties where the largest banks had … a high market share, the aggregate flow of small business credit fell, interest rates rose, fewer businesses expanded …, unemployment rose, and wages fell from 2006 to 2010. While the flow of credit recovered after 2010 as other lenders slowly filled …
Persistent link: https://www.econbiz.de/10012932738
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Firm Size Distortions and the Productivity Distribution : Evidence from France
Garicano, Luis - 2014
framework incorporates such regulations into the Lucas (1978) model and applies this to France where many labor laws start to …
Persistent link: https://www.econbiz.de/10013064453
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Covid-19 and SME Failures
Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021
We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...
Persistent link: https://www.econbiz.de/10013244116
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Contractual Tradeoffs and Smes Choice of Organizational Form, a View from U.S. And French History, 1830-2000
Lamoreaux, Naomi R. - 2014
Today the vast majority of multi-owner firms in the United States are corporations, but that was not the case in the past. Before the advent of the income tax, tort litigation, and significant federal regulation, entrepreneurs more often than not chose to organize as partnerships, a form that...
Persistent link: https://www.econbiz.de/10012752127
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Measuring and Explaining Management Practices Across Firms and Countries
Bloom, Nicholas - 2014
US, France, Germany and the UK. These measures of managerial practice are strongly associated with firm …
Persistent link: https://www.econbiz.de/10012752282
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Predatory Lending and the Subprime Crisis
Agarwal, Sumit - 2013
We measure the effect of an anti-predatory pilot program (Chicago, 2006) on mortgage default rates to test whether predatory lending was a key element in fueling the subprime crisis. Under the program, risky borrowers and/or risky mortgage contracts triggered review sessions by housing...
Persistent link: https://www.econbiz.de/10013074282
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Prodigals and Projecture : An Economic History of Usury Laws in the United States from Colonial Times to 1900
Rockoff, Hugh - 2021
During the Colonial era usury laws in the United States were strict both in terms of the maximum rate that could be … percent, and both principal and interest were forfeited if usury could be proved against the lender. The laws were eased … abandoned its system of usury laws. By 1870, when a limited reaction set in, the liberalization had reached the point where the …
Persistent link: https://www.econbiz.de/10013247184
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Does Increasing Access to Formal Credit Reduce Payday Borrowing?
Miller, Sarah; Soo, Cindy - 2022
paper provides the first evidence of substitution between “alternative” and “traditional” credit by exploiting an unexpected … positive shock to traditional credit access among payday loan borrowers: the removal of a Chapter 7 bankruptcy flag. We find … that the removal of a bankruptcy flag on a credit report results in a sharp increase in access to traditional credit and …
Persistent link: https://www.econbiz.de/10013406323
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Are High-Interest Loans Predatory? Theory and Evidence from Payday Lending
Allcott, Hunt; Kim, Joshua J.; Taubinsky, Dmitry; … - 2023
It is often argued that people might take on too much high-cost debt because they are present focused and/or overoptimistic about how soon they will repay. We measure borrowers' present focus and overoptimism using an experiment with a large payday lender. Although the most inexperienced...
Persistent link: https://www.econbiz.de/10014256736