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2015, we test whether young businesses are more likely to face credit rejections from lenders than their older peers. Our … the issue of sample selection bias potentially affecting our data. Additional tests also reveal that credit constraints … viability of credit and, thus, ensure the growth of young businesses in the Euro area. …
Persistent link: https://www.econbiz.de/10011845249
In this study, we aim to assess the relevance of credit composition to entrepreneurship empirically in light of the …-called neutrality principle or undertake an active credit policy. We employ a panel data model to quantify the effect of credit … composition on entrepreneurship in 54 high- and middle-income economies from 2001 to 2016. To capture credit composition, we …
Persistent link: https://www.econbiz.de/10014496880
availability of credit facilities with special reference to bank lending’s and venture capital investment …
Persistent link: https://www.econbiz.de/10013243151
Based on automated credit lines to more than two million vendors trading on Alibaba’s online retail platform, we show … how the take-up of FinTech credit varies with the entrepreneur’s bank distance. Proximity to the branches of the five … largest stateowned banks correlates positively with the take-up of FinTech credit and suggests more severe credit frictions …
Persistent link: https://www.econbiz.de/10012612853
Finance for micro, small, and medium-sized enterprises (MSMEs) has been a concern for all stakeholders including entrepreneurs, financial institutions, and government organizations. The key objective of the study was to identify various challenges faced by MSMEs in sourcing of finance during...
Persistent link: https://www.econbiz.de/10011522010
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Persistent link: https://www.econbiz.de/10013531938
We provide the first empirical evidence on the determinants of the lending decision of venture debt firms, specialized institutions that provide loans to finance growth of high-tech startups. Building on existing field interviews and case studies, we design a choice experiment of the lending...
Persistent link: https://www.econbiz.de/10013067562
document that what drives the result is a weaker increase in the amount of guaranteed credit extended to innovative industries …
Persistent link: https://www.econbiz.de/10013251566
growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … would bring about. We explore this growth mechanism using a large-scale program to expand the supply of credit to small and … medium enterprises in Brazil. Local credit supply shocks generate greater firm entry but also greater exit with no effect on …
Persistent link: https://www.econbiz.de/10014391287