Discrimination in the small-business credit market
Discrimination in the small-business credit market
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DOI：
10.1162/003465303772815835
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发表时间：
2003-11-01
影响因子：
8
通讯作者：
Zimmerman, DJ
中科院分区：
文献类型：
--
作者：
Blanchflower, DG;Levine, PB;Zimmerman, DJ
我们使用 1993 年和 1998 年全国小企业财务调查的数据来检验小企业信贷市场中是否存在种族歧视。我们对按种族划分的贷款结果进行了计量经济学分析，发现即使在控制了信用度和其他因素的差异后，黑人拥有的小企业被拒绝信贷的可能性大约是黑人的两倍。一系列规范检查表明，这种差距不太可能用遗漏变量偏差来解释。这些结果表明，信贷供应方面的种族差异很可能是由歧视造成的。
We use data from the 1993 and 1998 National Surveys of Small Business Finances to examine the existence of racial discrimination in the small-business credit market. We conduct an econometric analysis of loan outcomes by race and find that black-owned small businesses are about twice as likely to be denied credit even after controlling for differences in creditworthiness and other factors. A series of specification checks indicates that this gap is unlikely to be explained by omitted variable bias. These results indicate that the racial disparity in credit availability is likely caused by discrimination.