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- ISIDORE Id: 10670/1.ef4217...
- halshs: halshs-03934370
- doi: 10.2307/48706310
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info:eu-repo/semantics/altIdentifier/doi/10.2307/48706310
info:eu-repo/semantics/OpenAccess
Mots-clés
Business training Microcredit Informed lender C - Mathematical and Quantitative Methods/C.C4 - Econometric and Statistical Methods: Special Topics/C.C4.C41 - Duration Analysis • Optimal Timing Strategies D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty/D.D8.D82 - Asymmetric and Private Information • Mechanism Design G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G21 - Banks • Depository Institutions • Micro Finance Institutions • MortgagesSujets proches
Skills training TradeCiter ce document
Renaud Bourlès et al., « Business Training with a Better-Informed Lender: Theory and Evidence from Microcredit in France », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.2307/48706310
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Résumé
In the microfinance sector, experienced lenders enjoy an information advantage over first-time entrepreneurs. Our study proposes an analysis of the business training provided on a par with microloans and its potential effect on borrowers’behavior. First, we present a simple theoretical mechanism showing that an information advantage concerning borrower risk can lead to a non-monotonic relationship between risk and business training provision. Second, using a hand-collected data set of loan applications to a French MFI, we empirically examine the relationship between business training provision and borrower risk, controlling for selection bias and endogeneity. The collected evidence supports the existence of a non-monotonic relationship and shows that business training significantly increases the survival time of loans. Our results are robust to alternative econometric models.
