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Constrained firms, not subsistence activities : evidence on capital returns and accumulation in Peruvian microenterprises
Göbel, Kristin; Grimm, Michael; Lay, Jann - 2012
small enterprises ; credit constraints ; risk ; risk aversion ; firm growth ; Peru … sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …
Persistent link: https://www.econbiz.de/10009627349
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Credit-constrained in risky activities? : the determinants of capital stocks of micro and small firms in Western Africa
Grimm, Michael; Lange, Simon; Lay, Jann - 2011
of capital stocks of MSEs in poor economies focusing on credit constraints and risk. The analysis is based on a unique … capital stocks in the early lifetime of MSEs. Furthermore, the analyses show that risk plays a key role for capital … accumulation. Risk-averse individuals seem to adjust their initially low capital stocks upwards when enterprises grow older. MSEs …
Persistent link: https://www.econbiz.de/10010357150
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Credit-constrained in Risky Activities? The Determinants of the Capital Stocks of Micro and Small Firms in Western Africa
Grimm, Michael; Lange, Simon; Lay, Jann - 2012
determinants of the capital stocks of MSEs in poor economies focusing on credit constraints and risk. The analysis is based on a … capital stocks in the early lifetime of MSEs. Furthermore, the analyses show that risk plays a key role in capital … accumulation. Risk-averse individuals seem to adjust their initially low capital stocks upwards when enterprises grow older. MSEs …
Persistent link: https://www.econbiz.de/10010293539
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Constrained firms, not subsistence activities: Evidence on capital returns and accumulation in Peruvian microenterprises
Göbel, Kristin; Grimm, Michael; Lay, Jann - Banco Central de Reserva del Perú - 2013
sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …
Persistent link: https://www.econbiz.de/10010612063
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Constrained Firms, Not Subsistence Activities: Evidence on Capital Returns and Accumulation in Peruvian Microenterprises
Göbel, Kristin; Grimm, Michael; Lay, Jann - Institute for the Study of Labor (IZA) - 2012
sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …
Persistent link: https://www.econbiz.de/10010627842
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Constrained Firms, Not Subsistence Activities : Evidence on Capital Returns and Accumulation in Peruvian Microenterprises
Göbel, Kristin - 2012
sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …
Persistent link: https://www.econbiz.de/10013099706
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Credit-constrained in risky activities? The determinants of capital stocks of micro and small firms in Western Africa
Grimm, Michael; Lange, Simon; Lay, Jann - 2011
of capital stocks of MSEs in poor economies focusing on credit constraints and risk. The analysis is based on a unique … capital stocks in the early lifetime of MSEs. Furthermore, the analyses show that risk plays a key role for capital … accumulation. Risk-averse individuals seem to adjust their initially low capital stocks upwards when enterprises grow older. MSEs …
Persistent link: https://www.econbiz.de/10010329947
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Credit-constrained in risky activities? The determinants of capital stocks of micro and small firms in Western Africa
Grimm, Michael; Lange, Simon; Lay, Jann - Courant Research Centre PEG - 2011
of capital stocks of MSEs in poor economies focusing on credit constraints and risk. The analysis is based on a unique … capital stocks in the early lifetime of MSEs. Furthermore, the analyses show that risk plays a key role for capital … accumulation. Risk-averse individuals seem to adjust their initially low capital stocks upwards when enterprises grow older. MSEs …
Persistent link: https://www.econbiz.de/10009399659
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Kinship ties and entrepreneurship in Western Africa
Grimm, Michael; Gubert, Flore; Koriko, Ousman; Lay, Jann; … - Université Paris-Dauphine (Paris IX) - 2013
Small entrepreneurs in poor countries achieve relatively high marginal returns to capital but show only low re-investment rates. The literature is rather inconclusive about the possible causes. We explore whether ‘forced redistribution’, i.e. abusive demands by the kin, affects the...
Persistent link: https://www.econbiz.de/10010799294
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Does forced Solidarity Hamper Entrepreneurial Activity? Evidence from Seven West-African Countries
Grimm, Michael; Gubert, Flore; Koriko, Ousman; Lay, Jann; … - Université Paris-Dauphine (Paris IX) - 2015
Persistent link: https://www.econbiz.de/10011228178