To sustain growth in an aging economy, it is important to ease the financing of small firms by bank loans. Using bank internal data of small business loans in Germany, we examine the determinants of loan rates in the period 1995-2010. Beyond characteristics of the firm, the loan contract, and...

This study develops and estimates a model of residential segregation influences on demographic patterns in minority-owned firms. The prime hypothesis is that minority-owned firms in metropolitan areas with higher segregation will have a higher likelihood of hiring and servicing members of their...