IDEAS home Printed from https://ideas.repec.org/a/sae/ecdequ/v16y2002i2p185-190.html
   My bibliography  Save this article

Rejoinder to Charles D. Tansey: Moving Toward a More Effective Small Business Administration

Author

Listed:
  • Timothy Bates

    (Wayne State University)

Abstract

Former Small Business Administration (SBA) Deputy Administrator Charles Tansey defends the SBA’s record, countering criticisms appearing in the author’s August 2000 Economic Development Quarterly article. He defends the venture capital incentives contained in the SBA’s New Market Venture Capital program. Yet these incentives are based on a debenture financing scheme that failed when used previously to support venture capital investing in the SBA’s Small Business Investment Company program. Tansey defends the SBA’s record of expanding loan guarantees to minority business borrowers in the 1990s. These guarantees, however, have increasingly flowed to high-net-worth Asian immigrant borrowers rather than the minority groups most prone to have limited access to financing. The SBA is wedded to outdated strategies and concepts that have lost their applicability to 21st-century problems. A pragmatic rethinking of the agency’s financing mission is overdue.

Suggested Citation

  • Timothy Bates, 2002. "Rejoinder to Charles D. Tansey: Moving Toward a More Effective Small Business Administration," Economic Development Quarterly, , vol. 16(2), pages 185-190, May.
    • Handle: RePEc:sae:ecdequ:v:16:y:2002:i:2:p:185-190
    DOI: 10.1177/0891242402016002009
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0891242402016002009
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0891242402016002009?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Timothy Bates, 2000. "Financing the Development of Urban Minority Communities: Lessons of History," Economic Development Quarterly, , vol. 14(3), pages 227-242, August.
    2. Ken Cavalluzzo & Linda Cavalluzzo & John D. Wolken, 1999. "Competition, small business financing, and discrimination: evidence from a new survey," Proceedings 757, Federal Reserve Bank of Chicago.
    3. Ken Cavalluzzo & Linda Cavalluzzo & John D. Wolken, 1999. "Competition, small business financing, and discrimination: evidence from a new survey," Finance and Economics Discussion Series 1999-25, Board of Governors of the Federal Reserve System (U.S.).
    4. Bates, Timothy, 1997. "Financing small business creation: The case of Chinese and Korean immigrant entrepreneurs," Journal of Business Venturing, Elsevier, vol. 12(2), pages 109-124, March.
    5. Timothy Bates, 2002. "Government as Venture Capital Catalyst: Pitfalls and Promising Approaches," Economic Development Quarterly, , vol. 16(1), pages 49-59, February.
    6. Charles D. Tansey, 2002. "Response to August 2000 Forum Article by Timothy Bates on Financing for the Development of Urban Minority Communities," Economic Development Quarterly, , vol. 16(2), pages 180-184, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Timothy Bates & Alicia Robb, 2013. "Greater Access to Capital Is Needed to Unleash the Local Economic Development Potential of Minority-Owned Businesses," Economic Development Quarterly, , vol. 27(3), pages 250-259, August.
    2. P. Köllinger & M. Minniti, 2006. "Not for Lack of Trying: American Entrepreneurship in Black and White," Small Business Economics, Springer, vol. 27(1), pages 59-79, August.
    3. Wei Fan & Michelle J. White, 2001. "Personal Bankruptcy and the Level of Entrepreneurial Activity," Center for Financial Institutions Working Papers 01-11, Wharton School Center for Financial Institutions, University of Pennsylvania.
    4. Christian Weller, 2010. "Have Differences in Credit Access Diminished in an Era of Financial Market Deregulation?," Review of Social Economy, Taylor & Francis Journals, vol. 68(1), pages 1-34.
    5. Wei Fan & Michelle J. White, 2002. "Personal Bankruptcy and the Level of Entrepreneurial Activity," NBER Working Papers 9340, National Bureau of Economic Research, Inc.
    6. Salvatore Capasso & George Mavrotas, 2003. "Loan Processing Costs and Information Asymmetries-Implications for Financial Sector Development and Economic Growth," WIDER Working Paper Series DP2003-84, World Institute for Development Economic Research (UNU-WIDER).
    7. Timothy Bates & Alicia Robb, 2015. "Has the Community Reinvestment Act increased loan availability among small businesses operating in minority neighbourhoods?," Urban Studies, Urban Studies Journal Limited, vol. 52(9), pages 1702-1721, July.
    8. Michael E. Cummings & Alan Gamlen, 2019. "Diaspora engagement institutions and venture investment activity in developing countries," Journal of International Business Policy, Palgrave Macmillan, vol. 2(4), pages 289-313, December.
    9. Wendy Edelberg, 2007. "Racial dispersion in consumer credit interest rates," Finance and Economics Discussion Series 2007-28, Board of Governors of the Federal Reserve System (U.S.).
    10. Muravyev, Alexander & Talavera, Oleksandr & Schäfer, Dorothea, 2009. "Entrepreneurs' gender and financial constraints: Evidence from international data," Journal of Comparative Economics, Elsevier, vol. 37(2), pages 270-286, June.
    11. Baycan Levent, Tuzin & Masurel, Enno & Nijkamp, Peter, 2002. "Entrepreneurial process and performance: the case of the Turkish female entrepreneurs in Amsterdam," ERSA conference papers ersa02p397, European Regional Science Association.
    12. repec:hrs:journl::v:3:y:2011::i:2:p:179-197 is not listed on IDEAS
    13. Mueller, Elisabeth, 2008. "How does owners' exposure to idiosyncratic risk influence the capital structure of private companies?," Journal of Empirical Finance, Elsevier, vol. 15(2), pages 185-198, March.
    14. William James Adams & Ben R. Craig & James B. Thompson, 2006. "Does Small Business Administration guaranteed lending improve economic performance in lowincome areas?," Proceedings: Community Affairs Dept. Conferences, Federal Reserve Bank of Kansas City, issue Jul, pages 55-85.
    15. Alicia M. Robb, 2002. "Small Business Financing: Differences Between Young and Old Firms," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 7(2), pages 45-64, Summer.
    16. Nadia Simoes & Nuno Crespo & Sandrina B. Moreira, 2016. "Individual Determinants Of Self-Employment Entry: What Do We Really Know?," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 783-806, September.
    17. Liliana Sousa, 2013. "Community Determinants Of Immigrant Self-Employment: Human Capital Spillovers And Ethnic Enclaves," Working Papers 13-21, Center for Economic Studies, U.S. Census Bureau.
    18. Sazzad Parwez, 2017. "Community-based entrepreneurship: evidences from a retail case study," Journal of Innovation and Entrepreneurship, Springer, vol. 6(1), pages 1-16, December.
    19. Fairchild, Gregory B., 2008. "Residential segregation influences on the likelihood of black and white self-employment," Journal of Business Venturing, Elsevier, vol. 23(1), pages 46-74, January.
    20. Blanchflower, David G. & Shadforth, Chris, 2007. "Entrepreneurship in the UK," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 3(4), pages 257-364, July.
    21. Ken Cavalluzzo & John Wolken, 2005. "Small Business Loan Turndowns, Personal Wealth, and Discrimination," The Journal of Business, University of Chicago Press, vol. 78(6), pages 2153-2178, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ecdequ:v:16:y:2002:i:2:p:185-190. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.