Personal Credit, New Firm Formation and Entrepreneurial Firm Growth

个人信用、新企业组建和创业型企业成长

• 批准号: 0965328
• 负责人: Gordon Phillips
• 金额: $ 49.16万
• 依托单位: National Bureau of Economic Research Inc
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2010
• 资助国家: 美国
• 起止时间: 2010-06-15 至 2016-05-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=0965328&HistoricalAwards=false
• 关键词: Personal; Credit; New; Firm; Formation

This project examines the relationship between individual personal credit, entrepreneurship and business formation. An important part of innovation policy targets small firms, but little is known about the links between individual finances and firm startups. The contribution of this research is to create a new dataset that combines data on individual credit reports with new firm startups. The research assesses the role of individual credit in influencing new firm start-up and longer term success. Intellectual Merit: The contribution of the research is to advance understanding of the role of credit access and personal credit scores on individual decisions regarding personal and small business finance. This research provides new insights into the importance of personal credit and human capital in understanding: a) individual decisions at the personal level such as delinquency, personal default and bankruptcy b) the formation, success and failure of small businesses that are partially funded by personal finance with personal guarantees, c) the link between human capital accumulation and the availability of credit from banks and other sources, and d) the effect of job churn on individual bankruptcy and new firm formation. This project also deepens understanding about the ways in which an important policy lever, Small Business Administration (SBA) loans, affects the subsequent growth of small entrepreneurial firms.Broader Impact: The results of the research should inform innovation policies regarding access to credit by small firms and new firm formation. The research also creates an important new dataset for many researchers to study the links between access to credit and firm dynamics.

这个项目考察了个人信用、创业精神和企业形成之间的关系。创新政策的一个重要部分是针对小公司，但人们对个人财务和公司初创企业之间的联系知之甚少。这项研究的贡献是创建一个新的数据集，将个人信用报告的数据与新的公司初创公司相结合。这项研究评估了个人信用在影响新公司创业和长期成功方面的作用。智力价值：这项研究的贡献是促进对信用获取和个人信用评分在个人决策中关于个人和小企业融资的作用的理解。这项研究为理解个人信用和人力资本的重要性提供了新的见解：a)个人层面的个人决策，如拖欠、个人违约和破产；b)部分由个人融资和个人担保提供资金的小企业的形成、成功和失败；c)人力资本积累和从银行和其他来源获得信贷之间的联系；以及d)工作流失对个人破产和新公司形成的影响。该项目还加深了对一个重要的政策杠杆--小企业管理局(SBA)贷款--如何影响小企业随后的成长的理解。广泛影响：研究结果应该为关于小企业获得信贷和新公司成立的创新政策提供参考。这项研究还为许多研究人员创建了一个重要的新数据集，以研究获得信贷与企业动态之间的联系。