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The International Evidence on Discouraged Small Businesses

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  • Sugato Chakravarty

    ()
    (Purdue University)

  • Meifang Xiang

    ()
    (University of Wisconsin-Whitewater)

Abstract

We use a unique firm-level survey database compiled by the World Bank to examine the drivers of discouraged small businesses in various developing economies around the world. We confirm that older and larger firms are less likely to be discouraged and that the level of competition and the relationships of the firms with banks have a significant impact on the probability of a firm in being discouraged. Further analysis suggests that the drivers of borrower discouragement might work differently for firms operating in relatively developed versus underdeveloped economies.

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File URL: ftp://128.210.123.107/csr/wpaper/InternationalEvidenceonDiscouragedSmallBusinesses_JEF.pdf
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Bibliographic Info

Paper provided by Purdue University, Department of Consumer Sciences in its series Working Papers with number 1013.

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Length: 52 pages
Date of creation: Sep 2012
Date of revision:
Publication status: forthcoming paper in the Journal of Empirical Finance
Handle: RePEc:csr:wpaper:1013

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Keywords: Discouraged borrowers; Banking; Emerging markets; Credit rationing; Relationships; Adverse selection;

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Cited by:
  1. Sara Carter & Samuel Mwaura, 2014. "The Financing of Diverse Enterprises: Evidence from the SME finance monitor," Research Papers, University of Warwick, Warwick Business School, Enterprise Research Centre 0018, University of Warwick, Warwick Business School, Enterprise Research Centre.

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