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Financial constraints and the decision to lease: Evidence from German SME
Slotty, Constantin - 2009
substitution of leasing and debt financing for lessee firms. However, we find no evidence that firms use leasing as an instrument …
Persistent link: https://www.econbiz.de/10010271459
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Funding self-employment: The role of consumer credit
Kneiding, Christoph; Kritikos, Alexander S. - 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 overdrafts...
Persistent link: https://www.econbiz.de/10010282216
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Costly contracts and consumer credit
Livshits, Igor; MacGee, James; Tertilt, Michèle - 2011
Financial innovations are a common explanation of the rise in consumer credit and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers' risk of default and a fixed cost to create each contract offered by...
Persistent link: https://www.econbiz.de/10010291903
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Do consumers choose the right credit contracts?
Agarwal, Sumit; Chomsisengphet, Souphala; Liu, Chunlin; … - 2005
A number of studies have pointed to various mistakes that consumers might make in their consumption-saving and financial decisions. We utilize a unique market experiment conducted by a large U.S. bank to assess how systematic and costly such mistakes are in practice. The bank offered consumers a...
Persistent link: https://www.econbiz.de/10010298314
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Credit cards: Facts and theories
Bertaut, Carol C.; Haliassos, Michael - 2005
We use data from several waves of the Survey of Consumer Finances to document credit and debit card ownership and use across US demographic groups. We then present recent theoretical and empirical contributions to the study of credit and debit card behavior. Utilization rates of credit lines and...
Persistent link: https://www.econbiz.de/10010298333
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Consumption Smoothing and the Structure of Labor and Credit Markets
Bertola, Giuseppe; Koeniger, Winfried - 2004
Smoother labor incomes alleviate credit constraints by reducing workers' desire to borrow, and prospects of upward income mobility have smaller beneficial effects for currently poor workers when borrowing constraints are binding. These simple theoretical insights are consistent with the...
Persistent link: https://www.econbiz.de/10010261817
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Elasticities of demand for consumer credit
Karlan, Dean S.; Zinman, Jonathan - 2005
The price elasticity of demand for credit has major implications for macroeconomics, finance, and development. We present estimates of this parameter derived from a randomized trial. The experiment was implemented by a consumer microfinance lender in South Africa and identifies demand curves...
Persistent link: https://www.econbiz.de/10010274421
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Studie zu Dispozinsen / Ratenkrediten - Forschungsvorhaben zur Bereitstellung wissenschaftlicher Entscheidungshilfe für das Bundesministerium für Ernährung, Landwirtschaft und Verb...
Dick, Christian D.; Knobloch, Michael; Al-Umaray, Kerim S. - 2012
Deutschland verfügen etwa 80 Prozent der Haushalte über einen Dispositionskredit. Bei beträchtlicher Variation liegt der … - In Germany, about 80 per cent of private households dispose of a bank account with an overdraft facility. On average, the …
Persistent link: https://www.econbiz.de/10010310619
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Credit card debt and payment use
Sprenger, Charles; Stavins, Joanna - 2008
Approximately half of credit card holders in the United States regularly carry unpaid credit card debt. These so-called revolvers exhibit payment behavior that differs from that of those who repay their entire credit card balance every month. Previous literature has focused on the adoption of...
Persistent link: https://www.econbiz.de/10010280914
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Leasing by small enterprises
Neuberger, Doris; Räthke-Döppner, Solvig - 2012
Using internal data of a leasing company in Germany, we examine the determinants of the probability and use of leasing … by small firms. We find that small and young firms are likely to be constrained on the leasing market but use leasing to …-economic characteristics of the entrepreneur matter. Older and higher qualified entrepreneurs have easier access to leasing than those who are …
Persistent link: https://www.econbiz.de/10010319296