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|Title:||Funding self-employment: The role of consumer credit |
Kritikos, Alexander S.
|Issue Date:||2011 |
|Series/Report no.:||Discussion Papers, German Institute for Economic Research, DIW Berlin 1179|
|Abstract:||This paper investigates whether self-employed households use consumer loans - in particular instalment loans and overdrafts - to finance business activities. Controlling for financial and non-financial household variables we show that self-employed households particularly use personal overdrafts significantly more often than employee households. When analyzing the correlation between consumer loan takeups and consumption of self-employed in comparison to employee households, we find first evidence that overdrafts are used by self-employed to finance their business as well. This indicates that intermingling constitutes a financing strategy when regular business loans might not be accessible.|
|Subjects:||Small Business Finance|
|Document Type:||Working Paper|
|Appears in Collections:||DIW-Diskussionspapiere|
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