{"title":"SELF-REPORTED EMOTIONAL DISTRESS AND CREDIT DISCOURAGEMENT: RACIAL DIFFERENCES AMONG INDIVIDUAL MICROENTREPRENEURS IN BRAZIL","authors":"MARCELO PAIXÃO, IRENE ROSSETTO","doi":"10.1142/s1084946724500031","DOIUrl":null,"url":null,"abstract":"<p>Research has shown that credit discouragement is one of the most significant barriers deterring small businesses from accessing credit. Although credit discouragement is often associated with diminished expectations for successfully obtaining credit, the underlying causes of this phenomenon have not been explored fully. Adapting Loury’s (2021) feedback effect theory to the credit market, this study provides insights into the effect of race and emotional distress on credit discouragement among individual microentrepreneurs (IMEs) in Brazil. Using survey data collected in Rio de Janeiro and Salvador, the study confirms that Black and Brown IMEs who reported emotional distress in bank branches had a greater credit discouragement rate than those who did not. We also confirmed Brazil’s pigmentocratic pattern of inequality, with higher discouragement among Black IMEs compared to Brown and White IMEs.</p>","PeriodicalId":46653,"journal":{"name":"Journal of Developmental Entrepreneurship","volume":"1 1","pages":""},"PeriodicalIF":1.3000,"publicationDate":"2024-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Developmental Entrepreneurship","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1142/s1084946724500031","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
Research has shown that credit discouragement is one of the most significant barriers deterring small businesses from accessing credit. Although credit discouragement is often associated with diminished expectations for successfully obtaining credit, the underlying causes of this phenomenon have not been explored fully. Adapting Loury’s (2021) feedback effect theory to the credit market, this study provides insights into the effect of race and emotional distress on credit discouragement among individual microentrepreneurs (IMEs) in Brazil. Using survey data collected in Rio de Janeiro and Salvador, the study confirms that Black and Brown IMEs who reported emotional distress in bank branches had a greater credit discouragement rate than those who did not. We also confirmed Brazil’s pigmentocratic pattern of inequality, with higher discouragement among Black IMEs compared to Brown and White IMEs.
期刊介绍：
The Journal of Developmental Entrepreneurship (JDE) provides a forum for the dissemination of descriptive, empirical, and theoretical research that focuses on issues concerning microenterprise and small business development, especially under conditions of adversity. The intended audiences for JDE are scholars who study issues of developmental entrepreneurship and professionals involved in governmental and non-governmental efforts to facilitate entrepreneurship in economic and community development programs around the world. Articles will cover a broad range of topics, including: -Entrepreneurship and self-employment in developing contexts -Challenges and opportunities unique to minority and women entrepreneurs -Microenterprise funds and private-sector small business lending practices -Legislation, regulation, and tax policy that impact entrepreneurship and economic development -Processes that facilitate growth and development within emerging enterprises -Networks within and among entrepreneurial ventures -Marketing patterns and approaches in venture growth and development -International developmental entrepreneurship programs -Entrepreneurship in the informal economic sector -Education and training for aspiring entrepreneurs -Industry practices that adversely affect microenterprise development -Economic and social impacts of microenterprise activity
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