Access to Credit by Small Businesses: How Relevant Are Race, Ethnicity, and Gender?
- (pp. 532-37)
AbstractThis paper employs data from the 1998 and 2003 Survey of Small Business Finances to analyze whether, after controlling for observable factors that influence loan decisions, there is a significant difference in the loan approval rate and the interest rate charged on approved loans for businesses owned by minority or white females and firms owned by white males.
CitationAsiedu, Elizabeth, James A. Freeman, and Akwasi Nti-Addae. 2012. "Access to Credit by Small Businesses: How Relevant Are Race, Ethnicity, and Gender?" American Economic Review, 102 (3): 532-37. DOI: 10.1257/aer.102.3.532
- G21 Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- J15 Economics of Minorities, Races, and Immigrants; Non-labor Discrimination
- J16 Economics of Gender; Non-labor Discrimination
- L25 Firm Performance: Size, Diversification, and Scope
- G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms