众筹贷款、自营职业和创业业绩

IF 7.8 1区管理学 Q1 BUSINESS

Entrepreneurship Theory and Practice Pub Date : 2024-09-07 DOI:10.1177/10422587241270596

Douglas Cumming, Ahmed Sewaid

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引用次数: 0

摘要

获得资金对于维持创业活动至关重要。根据资源依赖理论，我们认为众筹平台拒绝贷款的负面影响比传统金融机构拒绝贷款的影响更为严重。数据显示，众筹贷款尝试失败会导致脱离自营职业的概率增加 14.80%。这一影响是循环信贷额度的 1.62 倍，是非循环信贷额度的 3.08 倍。我们强调，对于边缘借款人以及受信贷和收入限制的创业者来说，这些效应会被放大。此外，我们还表明，成功的众借会提高自营职业者的未来收入和获得传统信贷额度的机会。本文讨论了众借对政策和实践的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Crowdlending, Self-Employment, and Entrepreneurial Performance

Access to finance is crucial for sustaining entrepreneurial activity. Elaborating on resource dependence theory, we argue that the adverse impact of a loan rejection by a crowdlending platform is more severe than that of a rejection by a traditional financial institution. The data indicate that a failed crowdlending loan attempt is associated with a 14.80% increase in the probability of transitioning out of self-employment. This effect is 1.62 times that of revolving lines of credit and 3.08 times that of non-revolving lines of credit. We highlight that these effects are amplified for marginal borrowers and credit- and income-constrained entrepreneurs. In addition, we show that successful crowdlending enhances self-employed individuals’ future income and future access to traditional lines of credit. Implications for policy and practice are discussed.

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来源期刊

Entrepreneurship Theory and Practice BUSINESS-

CiteScore

19.00

自引率

12.40%

发文量

期刊介绍： Entrepreneurship Theory and Practice (ETP) is an interdisciplinary scholarly journal dedicated to conceptual and empirical research that advances, tests, or extends theory relating to entrepreneurship in its broadest sense. Article Topics: Topics covered in ETP include, but are not limited to: New Venture Creation, Development, Growth, and Performance Characteristics, Behaviors, and Types of Entrepreneurs Small Business Management Family-Owned Businesses Corporate, Social, and Sustainable Entrepreneurship National and International Studies of Enterprise Creation Research Methods in Entrepreneurship Venture Financing Content: The journal publishes articles that explore these topics through rigorous theoretical development, empirical analysis, and methodological innovation. ETP serves as a platform for advancing our understanding of entrepreneurship and its implications for individuals, organizations, and society.