(Dis)advantages of informal loans – Theory and evidence
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DOI: 10.1016/j.euroecorev.2017.12.005
Abstract: We study borrowers’ choice between formal and informal credit in a setting with imperfect debt enforcement. In contrast to formal loans (e.g., from banks), informal loans (e.g., from friends or relatives) can be enforced by… read more here.
Keywords: credit; informal loans; formal informal; formal loans ... See more keywords
Small Business Performance: Is It Access to Formal or Informal Credit that Matters?
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DOI: 10.1080/15228916.2020.1826854
Abstract: ABSTRACT While literature is clear on the role of finance in small business survival and growth, the relative importance of formal and informal credit in small business growth remains contentious. While earlier studies report the… read more here.
Keywords: credit; formal informal; small business; performance ... See more keywords