Business Training with a Better-Informed Lender: Theory and Evidence from Microcredit in France
Renaud Bourlès
- Fonction : Auteur
- PersonId : 863175
Xavier Joutard
- Fonction : Auteur
- PersonId : 13324
- IdHAL : xavier-joutard
- IdRef : 094334374
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.
Domaines
Economies et financesFormat du dépôt | Fichier |
---|---|
Type de dépôt | Article dans une revue |
Résumé |
en
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.
|
Titre |
en
Business Training with a Better-Informed Lender: Theory and Evidence from Microcredit in France
|
Auteur(s) |
Renaud Bourlès
1, 2
, Anastasia Cozarenco
3, 4
, Dominique Henriet
1
, Xavier Joutard
5, 6
1
AMSE -
Aix-Marseille Sciences Economiques
( 526949 )
- 5-9 Boulevard Bourdet
CS 50498
13205 Marseille Cedex 1
- France
2
IUF -
Institut universitaire de France
( 56663 )
- Maison des Universités 103 Boulevard Saint-Michel 75005 Paris
- France
3
CERMi
( 234015 )
- Belgique
4
MRM -
Montpellier Research in Management
( 1100812 )
- MRM - CC 028 - Place Eugène Bataillon - 34095 Montpellier
- France
5
LEST -
Laboratoire d'Economie et de Sociologie du Travail
( 839 )
- 35 Avenue Jules Ferry - 13626 Aix en Provence cedex 1
- France
6
OFCE -
Observatoire français des conjonctures économiques (Sciences Po)
( 250936 )
- 10 place de Catalogne - 75014 Paris
- France
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Langue du document |
Anglais
|
Nom de la revue |
|
Page/Identifiant |
65-108
|
URL éditeur |
https://www.jstor.org/stable/48706310
|
Numéro |
148
|
Date de publication |
2022-12
|
Date de publication électronique |
2022-12
|
Mots-clés (JEL) |
|
Domaine(s) |
|
Projet(s) ANR |
|
Financement |
|
Mots-clés |
en
Business training, Microcredit, Informed lender
|
DOI | 10.2307/48706310 |
Origine :
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