Sökning: onr:"swepub:oai:DiVA.org:sh-51551" >
Local individualism...
Local individualism culture and lower third-party guarantee loan defaults : evidence from SBA loans in the US
-
- Patel, P. C. (författare)
- Villanova University, USA,Villanova Univ, Villanova Sch Business, Villanova, PA USA.;Villanova Univ, Villanova Sch Business, 800 E Lancaster Ave, Villanova, PA 19085 USA.
-
- Mostaghel, Rana, 1981- (författare)
- Mälardalens universitet,Industriell ekonomi och organisation
-
- Oghazi, Pejvak, 1979- (författare)
- Södertörns högskola,Företagsekonomi,Södertörn Univ, Sch Social Sci, Stockholm, Sweden.;Hanken Sch Econ, Helsinki, Finland.
-
Villanova University, USA Villanova Univ, Villanova Sch Business, Villanova, PA USA;Villanova Univ, Villanova Sch Business, 800 E Lancaster Ave, Villanova, PA 19085 USA. (creator_code:org_t)
- Routledge, 2023
- 2023
- Engelska.
-
Ingår i: Applied Economics. - : Routledge. - 0003-6846 .- 1466-4283. ; 55:59, s. 7033-7047
- Relaterad länk:
-
https://urn.kb.se/re...
-
visa fler...
-
https://doi.org/10.1...
-
https://urn.kb.se/re...
-
visa färre...
Abstract
Ämnesord
Stäng
- Building on the literature on individualistic culture and entrepreneurship, we use variation in a US county’s frontier experience (rugged individualism) as a proxy for local individualism to explain variation in SBA loan default rates. For every 10-year increase in frontier experience in a county (ranging from 0 to 63 years between 1790 and 1890), the hazard of default was 0.964 times lower, a small but economically meaningful effect. The effects are more salient for sole proprietors and robust to economic shocks from neighbouring shale boom counties and placebo tests. The results indicate that expanding the eligibility requirements for SBA loans to include individuals from US counties with individualistic cultures may be beneficial.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Nyckelord
- individualistic culture
- small business
- Small Business Administration
- third-party guarantee loan default
- Politics, Economy and the Organization of Society
- Politik, ekonomi och samhällets organisering
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
Hitta via bibliotek
Till lärosätets databas