| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29311 |
| 来源ID | Working 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 |
| URL | https://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 | ||
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。
