Entrepreneurial finance, credit cards, and race ¬リニ

Abstract

This paper examines the impact of financial deregulation on entrepreneurship. We assess the impact of credit card deregulation on transitions into self-employment using state-level removal of credit card interest rate ceilings following the US Supreme Court’s 1978 Marquette decision as a quasi-natural experiment. We find that credit card deregulation increases the probability of entrepreneurial entry, with a particularly strong effect for black entrepreneurs. We demonstrate that these effects are magnified in states with a history of racial discrimination and link the results to discriminationbased barriers to entry. & 2012 Elsevier B.V. All rights reserved.

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@inproceedings{Chatterji2015EntrepreneurialFC, title={Entrepreneurial finance, credit cards, and race ¬リニ}, author={Aaron K. Chatterji and Robert C. Seamans and Matthew Rhodes-Kropf and Manju Puri and Adriano A. Rampini and Alicia M. Robb and David Robinson and Jason Snyder and Victor Stango}, year={2015} }