Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/322466 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
UCD Centre for Economic Research Working Paper Series No. WP25/17
Verlag: 
University College Dublin, UCD School of Economics, Dublin
Zusammenfassung: 
We analyze how entrepreneurs' education affects the relationship between access to bank credit and real outcomes. For identification, we use a sharp discontinuity created by a bank's credit score and the associated loan origination decision, along with exogenous variations in educational attainment. Our findings show that loans granted to university-educated entrepreneurs result in higher ex-post income, wealth, firm growth, and performance. Innovation, asset intangibility, and the hiring of higher-paid employees almost fully account for these gains. These mechanisms accentuate technological differences across firms, leading to higher payoffs but also higher acrossfirm inequality over the medium to long run.
Schlagwörter: 
Education
Entrepreneurs
Bank credit
Firm performance
Pay inequality
JEL: 
G21
G32
I24
M54
Dokumentart: 
Working Paper

Datei(en):
Datei
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