Funding Self-Employment – The Role of Consumer Credit

Funding Self-Employment – The Role of Consumer Credit

This article investigates whether self-employed households use consumer loans – in particular, instalment loans and overdrafts – to finance business activities. Controlling for financial and nonfinancial household variables, we show that self-employed households particularly use personal overdrafts...

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Bibliographic Details
Main Authors: Kneiding, Christoph, Kritikos, Alexander S.
Format: Journal Article
Language:en_US
Published: Taylor and Francis 2013
Subjects:
small business finance
consumer credit
financial intermingling
household business interface
Online Access:http://hdl.handle.net/10986/13344
id okr-10986-13344
recordtype oai_dc
spelling okr-10986-133442021-04-23T14:03:08Z Funding Self-Employment – The Role of Consumer Credit Kneiding, Christoph Kritikos, Alexander S. small business finance consumer credit financial intermingling household business interface This article investigates whether self-employed households use consumer loans – in particular, instalment loans and overdrafts – to finance business activities. Controlling for financial and nonfinancial household variables, we show that self-employed households particularly use personal overdrafts significantly more often than employee households. When analysing the correlation between consumer loan take-ups 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. 2013-05-09T15:59:21Z 2013-05-09T15:59:21Z 2012-02-15 Journal Article Applied Economics 0003-6846 http://hdl.handle.net/10986/13344 en_US Applied Economics;45(13) http://creativecommons.org/licenses/by-nc-nd/3.0/igo CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Taylor and Francis Journal Article
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language en_US
topic small business finance
consumer credit
financial intermingling
household business interface
spellingShingle small business finance
consumer credit
financial intermingling
household business interface
Kneiding, Christoph
Kritikos, Alexander S.
Funding Self-Employment – The Role of Consumer Credit
relation Applied Economics;45(13)
description This article investigates whether self-employed households use consumer loans – in particular, instalment loans and overdrafts – to finance business activities. Controlling for financial and nonfinancial household variables, we show that self-employed households particularly use personal overdrafts significantly more often than employee households. When analysing the correlation between consumer loan take-ups 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.
format Journal Article
author Kneiding, Christoph
Kritikos, Alexander S.
author_facet Kneiding, Christoph
Kritikos, Alexander S.
author_sort Kneiding, Christoph
title Funding Self-Employment – The Role of Consumer Credit
title_short Funding Self-Employment – The Role of Consumer Credit
title_full Funding Self-Employment – The Role of Consumer Credit
title_fullStr Funding Self-Employment – The Role of Consumer Credit
title_full_unstemmed Funding Self-Employment – The Role of Consumer Credit
title_sort funding self-employment – the role of consumer credit
publisher Taylor and Francis
publishDate 2013
url http://hdl.handle.net/10986/13344
_version_ 1764423248059039744

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