This paper seeks to understand household business decisions in response to increased credit access in an environment … overcome the fixed costs of entering entrepreneurship when they have increased access to credit. In the presence of labor … increase household access to credit in the world. I find that, consistent with the model, expanded access to credit raises …

Do policies that promote credit access have an impact on targeted borrowers? To address this question, we develop a … to an improvement in the credit score of small businesses. However, the effect vanishes in markets with high demand …-adjusted bank competition, due to weaker bank incentives for information production. In order to improve credit allocation across …

of SME credit worthiness. We use credit history in addition to financial ratios and “hybrid” indicators that have been … built by mixing credit history with financial statement data. We develop a failure prediction logit model on 187 Italian … SMEs. The use of short-term credit lines is the most important variable. Contrary to common understanding, capitalization …

We examine the impact of credit default swaps (CDS) on lending relationships and credit market efficiency. CDS insulate … threats, which can have positive implications for borrower incentives and credit availability ex ante. However, lenders may … credit constraints and be detrimental to welfare. Our analysis yields a number of empirical implications, some of which have …