Why Are Small Business Owners Discouraged From Borrowing?

Authors

Emily Breit, Fort Hays State UniversityFollow

Award Level

1st Place - Empirical Faculty/Staff

Classification

Empirical Faculty/Staff

Abstract

We investigate how gender and minority status affect the likelihood that small business owners are discouraged from seeking credit. Our analysis utilizes a nationwide survey of small businesses conducted by the Federal Reserve. The results indicate that female and minority owners are about 6.5% and 9.1% more likely to be discouraged from seeking credit at a bank than for their male and white/non-Hispanic counterparts. Our findings complement previous studies on discrimination in lending and illustrate a negative drag on the U.S. economy.

Department/Program

Economics, Finance, & Accounting

Submission Type

in-person poster

DOI

10.58809/VYSL2860

Date

4-28-2016

Rights

Copyright the Author(s)

Comments

For questions contact ScholarsRepository@fhsu.edu

Recommended Citation

Breit, Emily (2016) "Why Are Small Business Owners Discouraged From Borrowing?," SACAD: John Heinrichs Scholarly and Creative Activity Days: Vol. 2016, Article 8.
DOI: 10.58809/VYSL2860
Available at: https://scholars.fhsu.edu/sacad/vol2016/iss2016/8