Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/152403 
Erscheinungsjahr: 
2015
Quellenangabe: 
[Journal:] IZA Journal of Labor & Development [ISSN:] 2193-9020 [Volume:] 4 [Issue:] 7 [Publisher:] Springer [Place:] Heidelberg [Year:] 2015 [Pages:] 1-21
Verlag: 
Springer, Heidelberg
Zusammenfassung: 
In this paper we theoretically and empirically examine how the interaction between the formal court system and the informal loan network affects a household's decision to start a business. We find that when the formal court system is weak, expansion of informal credit network leads to the proliferation of business. However, with a sufficiently strong court system, expansion of the credit network has a negative effect on business prospects. This result is explained by the contradictions between formal laws and norms used by informal networks.
Schlagwörter: 
Informal network
Court
Formal institution
Entrepreneurship
JEL: 
K12
L26
O17
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by Logo
Dokumentart: 
Article

Datei(en):
Datei
Größe
435.44 kB





Publikationen in EconStor sind urheberrechtlich geschützt.