Credit Constraints on Small Business: Theory Versus Evidence
Citation:
Robert Cressy, 'Credit Constraints on Small Business: Theory Versus Evidence', Senate Hall, 2003, International Journal of Entrepreneurship Education, 515-538Download Item:
Abstract:
We describe the prevailing theories of credit constraints, empirical tests of the theories and their policy implications. Theories and empirical tests are then evaluated in the context of small businesses and the likelihood of encountering credit constraints in practice is assessed. Private and public sector responses to perceived credit constraints are then evaluated on both theoretical and empirical grounds and broad conclusions reached about the relevance and effectiveness of policy initiatives. The paper is a written-up version of a lecture that I deliver as part of a course taught to second year students on the BSc degrees at Cass Business School, London. The only prerequisite for the course is that the students should have taken Elementary (Micro and Macro) economics.
Author: Cressy, Robert
Publisher:
Senate HallType of material:
Journal articleCollections
Series/Report no:
International Journal of Entrepreneurship EducationAvailability:
Full text availableISSN:
1649-2269Metadata
Show full item recordLicences: