Browsing by Subject "Credit rationing"

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    • Credit rationing or entrepreneurial risk aversion? A comment 
      Bonilla Meléndez, Claudio; Vergara, Marcos (2013)
      Cressy (2000) argues that the positive correlation between assets and the rate of business startups is due to DARA preferences. We show however that the required property is prudence, and prudence is consistent with DARA, ...