Democratizing Entry: Banking Deregulations, Financing Constraints, and Entrepreneurship

By William R. Kerr, Ramana Nanda. 2009

615 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/63ae3a7c6beb9448896aa75d962817e6d749e792

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Citations in the corpus

Financial Development in 205 Economies, 1960 to 2010 (2013, positive): “Not only do they allow new, efficient firms to enter, they also force old, inefficient firms to leave, as evidenced by data [Kerr and Nanda (2009)].”
Does Banking Competition Affect Innovation (2015, background): “These studies find that deregulation spurs entrepreneurship (Black and Strahan, 2002), makes state business cycles smaller and more alike (Morgan, Rime, and Strahan, 2004), allows firm entry and access to bank credit (Cetorelli and Strahan, 2006), promotes creative destruction (Kerr and Nanda, 2009)”
Finance and Inequality: Theory and Evidence (2009, positive): “Kerr and Nanda (2007) find that interstate deregulation increased the number of new starts-ups by six percentage points and expanded the number of facilities of existing firms by four percentage points, with their findings holding across all sectors in the economy.”
Do non‐competition agreements lead firms to pursue risky R&D projects? (2014, background): “6 Specifically, all changes in banking deregulation laws (Kerr and Nanda, 2009), antitakeover laws (Atanassov, 2013), labor market laws (Autor, 2003), and trade secrecy laws (Png, 2012) occurred in most U.”
Entrepreneurial finance, credit cards, and race☆ (2012, background): “…bank deregulation and entrepreneurship (Black and Strahan, 2002; Cetorelli and Strahan, 2006; Bertrand, Schoar, and Thesmar, 2007; Huang, 2008; Kerr and Nanda, 2009) and shows that the removal of financial constraints increases entrepreneurial entry.1 Our paper adds to this literature by…”
A Darker Side to Decentralized Banks: Market Power and Credit Rationing in SME Lending (2012, background): “†Rodrigo Canales, rodrigo.canales@yale.edu; Ramana Nanda, RNanda@hbs.edu; 1 Electronic copy available at: http://ssrn.com/abstract=1623445”
What Drives the Dynamics of Business Growth (2016, background): “Kerr and Nanda (2009, 2010) also find that banking deregulation has a strong impact on entry and exit (much stronger than on the entrants’ average size and post entry growth rate).”
Digital financial capability and entrepreneurial performance (2021, background): “Concerning financial behaviors, the key argument is whether they help mitigate liquidity or credit constraint (Aghion, Fally, & Scarpetta, 2007; Blanchflower & Oswald, 1998; Evans & Jovanovic, 1989; Kerr & Nanda, 2009).”
The Consequences of Entrepreneurial Finance: Evidence from Angel Financings (2014, background): “…findings suggest that in addition to having a causal impact on the venture they fund, angels engage in an efficient selection and screening process which sorts proposals into relevant bins: complete losers, truly exceptional opportunities, potential winners, and so on (e.g., Kerr and Nanda, 2009).”
Does financing spur small business productivity? Evidence from a natural experiment (2015, positive): “Existing literature that has utilized banking deregulations have analyzed entrepreneurship and startup activity (Black and Strahan (2002), Kerr and Nanda (2009)), growth within a country (Jayaratne and Strahan (1996), Guiso, Sapienza, and Zingales (2004)), access to credit (Cetorelli and Strahan…”
Banking Deregulation and Innovation (2013, result): “Our study relates to the literature that examines the real effects of financial development (e.g., Jayaratne and Strahan, 1996; Black and Strahan, 2002; Kerr and Nanda, 2009; Beck et al., 2008; Beck, Demirgüç-Kunt, and Maksimovic, 2004).”
Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States (2010, background): “…examined the impact of these reforms on aggregate economic activity (e.g., Jayaratne and Strahan, 1996; Black and Strahan, 2002; Huang, 2008; and Kerr and Nanda, 2009), we provide the first evaluation of how branch deregulation altered the distribution of income, which has been a central – if…”
Did bank distress stifle innovation during the Great Depression (2014, background): “Consistent with the view that rising costs of financial intermediation especially harm smaller enterprises (Bernanke, 1983; Kerr and Nanda, 2009), we find that private firms in our post period experienced declines in R&D output relative to publicly traded firms.”