Effects of the Community Reinvestment Act on small business lending
Effects of the Community Reinvestment Act on small business lending
复制标题
《社区再投资法》对小企业贷款的影响
DOI：
10.1080/07352166.2020.1808005
复制
发表时间：
2018
影响因子：
2.1
通讯作者：
Raphael W. Bostic
中科院分区：
文献类型：
--
作者：
Lei Ding;Hyojung Lee;Raphael W. Bostic
摘要本研究探讨了社区再投资法（CRA）在促进小企业向低收入社区贷款方面的有效性。利用外源性的政策冲击，导致社区层面的CRA资格的变化，我们确定了小企业贷款的变化，成为CRA资格和CRA不合格的大片，并比较这些与对照组构建在两种方式。我们的差异中的差异分析的结果一致显示，与CRA资格相关的贷款数量增加，这与CRA促进低收入社区小企业贷款的观点一致。
ABSTRACT This study examines the effectiveness of the Community Reinvestment Act (CRA) in facilitating small business lending to lower-income neighborhoods. Taking advantage of an exogenous policy shock that resulted in neighborhood-level changes in CRA eligibility, we identify changes in small business lending in tracts that became CRA eligible and CRA ineligible and compare these with control groups constructed in two ways. The results of our difference-in-differences analysis uniformly show increases in the number of loans associated with CRA eligibility, which is consistent with a view that the CRA promotes small business lending in lower-income neighborhoods.