G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w29311
来源IDWorking Paper 29311
Big Loans to Small Businesses: Predicting Winners and Losers in an Entrepreneurial Lending Experiment
Gharad T. Bryan; Dean Karlan; Adam Osman
发表日期2021-09-27
出版年2021
语种英语
摘要We experimentally study the impact of substantially larger enterprise loans in Egypt. Larger loans generate small average impacts, but machine learning using psychometric data reveals that ”top-performers” (those with the highest predicted treatment effects) substantially increase profits, while profits drop for poor-performers. The large differences imply that lender credit allocation decisions matter for aggregate income, yet we find that existing practice leads to substantial misallocation. We argue that some entrepreneurs are over-optimistic and squander the opportunities presented by larger loans by taking on too much risk, and show the promise of allocations based on entrepreneurial type relative to firm characteristics.
主题Microeconomics ; Households and Firms ; Industrial Organization ; Firm Behavior ; Other ; Accounting, Marketing, and Personnel ; Development and Growth ; Development
URLhttps://www.nber.org/papers/w29311
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/586984
推荐引用方式
GB/T 7714
Gharad T. Bryan,Dean Karlan,Adam Osman. Big Loans to Small Businesses: Predicting Winners and Losers in an Entrepreneurial Lending Experiment. 2021.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w29311.pdf(1947KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Gharad T. Bryan]的文章
[Dean Karlan]的文章
[Adam Osman]的文章
百度学术
百度学术中相似的文章
[Gharad T. Bryan]的文章
[Dean Karlan]的文章
[Adam Osman]的文章
必应学术
必应学术中相似的文章
[Gharad T. Bryan]的文章
[Dean Karlan]的文章
[Adam Osman]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w29311.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。