Borrower discouragement occurs when eligible firms avoid applying for credit due to anticipated rejection. Using data from the World Bank’s Enterprise Surveys and cultural measures from the World Values Survey, we show that intra-cultural variation in individualism increases discouragement, thereby advancing insights about cultural effects on economic behavior and access to credit.
Bertrand, J., Febo, V. (2026). Intra-cultural variation in individualism and credit discouragement. ECONOMICS LETTERS, 259, 1-3 [10.1016/j.econlet.2025.112796].
Intra-cultural variation in individualism and credit discouragement
Febo, Valentina
2026
Abstract
Borrower discouragement occurs when eligible firms avoid applying for credit due to anticipated rejection. Using data from the World Bank’s Enterprise Surveys and cultural measures from the World Values Survey, we show that intra-cultural variation in individualism increases discouragement, thereby advancing insights about cultural effects on economic behavior and access to credit.File in questo prodotto:
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PP_Febo.pdf
embargo fino al 19/12/2026
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Postprint / Author's Accepted Manuscript (AAM) - versione accettata per la pubblicazione dopo la peer-review
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