The Long-Term Impact of Disaster Loans: The Case of Small Businesses after Hurricane Katrina
The Long-Term Impact of Disaster Loans: The Case of Small Businesses after Hurricane Katrina
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DOI：
10.3390/su10072364
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发表时间：
2018-07-01
期刊：
影响因子：
3.9
通讯作者：
Marshall, Maria I.
中科院分区：
文献类型：
--
作者：
Hiramatsu, Tomoko;Marshall, Maria I.
The US government provided $2.6 billion of small business administration (SBA) disaster loans to individuals and businesses in Mississippi after Hurricane Katrina in 2005. However, existing literature has not fully explored the firm-level effects of post-disaster loan aid, specifically, the effect on small businesses. The objective of this article is to examine whether SBA disaster loans played a significant role in the performance of small businesses after Hurricane Katrina. Data from a sample of 287 small businesses in Mississippi that were operating before Hurricane Katrina and still operating in 2013 were used in the analysis. Two hypotheses were tested: (1) small business owners that received SBA disaster loans have higher revenue change compared to before Katrina than those who did not receive the loan; (2) small business owners that received SBA disaster loans perceived their businesses to have higher revenue than before Katrina. Receiving a SBA disaster loan played a positive and statistically significant role in determining the actual revenue change and owners' perception of revenue.
