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Limited borrower information may create targeting distortions in credit markets. Community-based lending programs may reduce these distortions by exploiting information transmitted in local networks, but connections may create asymmetries in power. This paper analyzes how local leaders balance...
Persistent link: https://www.econbiz.de/10012154414
We use a natural experiment in Denmark to test the hypothesis that aspiring entrepreneurs face financial constraints because of low entrepreneurial quality. We identify 304 constrained entrepreneurs who start a business after receiving windfall wealth and examine the performance of these...
Persistent link: https://www.econbiz.de/10012142372
entrepreneurship empirically by means of investments made by active owners of closely held firms. Using detailed Swedish tax data, we …
Persistent link: https://www.econbiz.de/10013194527
Microfinance institutions (MFIs) have been successful in providing credit to millions of low-income borrowers in groups … examine microfinance interest rates and their determinants in order to understand how these rates might be lowered. Using high …
Persistent link: https://www.econbiz.de/10011294486
Digital technologies are rapidly making inroads into all realms of human life and the microfinance sector is one such … inclusion. This paper explores how these mechanisms - innovation, inclusion and efficiency - have been integral to microfinance … operations in the past, and how innovations in digital technology may be yet another opportunity for microfinance institutions to …
Persistent link: https://www.econbiz.de/10011919386
Uruguay implemented an ambitious financial inclusion program that included a fiscal stimulus through VAT rebates and subsidies for point of sale (POS) adoption. One of its main provisions banned cash payment of wages and social benefits and forced financial institutions to open wage-accounts...
Persistent link: https://www.econbiz.de/10014461503
This report constitutes the first deliverable of the project ENGIME Economic Growth and Innovation in Multicultural Environments, financed by the European Commission FP5 Key Action: Improving socio-economic knowledge base. Contract HPSE-CT2001-50007
Persistent link: https://www.econbiz.de/10011589927
Persistent link: https://www.econbiz.de/10011303244
Realisation that foreign startups have the potential to add new and innovative products and services to the market, bring in investment and create more jobs compared to traditional firms, a number of countries are providing fiscal and non-fiscal incentives, including startup visas, to attract...
Persistent link: https://www.econbiz.de/10011880517
The relationship between venture capital and growth is examined using an endogenous growth model incorporating dynamic contracts between entrepreneurs and venture capitalists. At each stage of financing, venture capitalists evaluate the viability of startups. If viable, venture capitalists...
Persistent link: https://www.econbiz.de/10011782639