Business Starters and Credit Rationing
研究了哪些创业起步者会遭遇信贷配给，同时分析谁申请贷款、谁被拒绝，发现创业者的承诺影响申请和批准，信号效果不一，且创业者对能否获批有较好判断。
This paper investigates which business starters experience credit rationing by simultaneously analyzing which business founders apply for credit and which are refused. We argue that credit denial depends largely on the entrepreneurs’ commitment and signals regarding the repayment of the loan and the success chances of the proposed business. Our empirical analysis is based on a sample of 1140 potential business starters in the Dutch county South Limburg. Our findings show that commitments drive the credit application and approval, while the effects of signals are mixed. The findings also suggest that business founders have a pretty good idea regarding whether their applications will be honored or not.