House Prices, The Supply of Collateral and the Enterprise Economy
Bibliographic Data
| ID | 9705553 |
|---|---|
| Authors | Jane Black (University of Exeter), David de Meza (0000-0002-5638-8310, University of Exeter), David Jeffreys (University of Exeter) |
| Year | 1996 |
| Volume | 106 |
| Issue | 434 |
| Pages | 60 |
| Publication date | 1996-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2234931 |
| OpenAlex | W2058346523 |
| Language | EN |
| Citations received | 53 |
| References cited | 4 |
This paper investigates the extent to which the supply of collateral affects business formation in the UK. Bank loans are typically secured on the entrepreneur's house. Using a variety of data and formulations, evidence is found that a 10% rise in the value of unreleased net housing equity increases the number of new VAT registrations by some 5%. Since we find that businesses formed in response to increases in the value of housing assets seem to be of at least average quality as measured by survival chances, there appears to be a large pool of untapped entrepreneurial talent
Business · Collateral · Economics · Equity (law · Market economy · Monetary economics · Net worth · Quality (philosophy · Value (mathematics · Corporate Finance and Governance · Finance · Firm Innovation and Growth · Private Equity and Venture Capital
What Makes an Entrepreneur?
Latent entrepreneurship across nations
Self-employment in OECD countries
Asset Tangibility and Financial Performance
Putting the Young in Business
Female Entrepreneurship, Agglomeration, and a New Spatial Mismatch
Pushed out or pulled in? Self-employment among ethnic minorities in England and Wales
Schooling, Capital Constraints, and Entrepreneurial Performance
Financing Constraints, Home Equity and Selection into Entrepreneurship
Financial openness, financial frictions and optimal monetary policy
The operation of the insolvency system in the U.K
Factors influencing take-up rates on the Loan Guarantee Scheme
Financial structure and the growing small firm
Union power, entrepreneurial risk, and entrepreneurship
Home ownership in recession
Declining Self-Employment in Japan Revisited
Self-Employment Status
Unfair credit allocations
Racial and Gender Discrimination in the Micro Firms Credit Market
Small business survival and inheritance
Job Creation by the Self-employed
New Ventures and their Credit Terms
Targeting Firm Births and Economic Regeneration in a Lagging Region
Self-employment amongst migrant groups
Determinants of capital structure in Irish SMEs
Funding Gaps? Access To Bank Loans By High-Tech Start-Ups
Self-employment Wealth and Job Creation
Windfalls, Wealth, and the Transition to Self-Employment
Capital is not enough
Public policies to enhance regional entrepreneurship
The Rise in Self-Employment Amongst U.K. Males
Does Your Home Make You Wealthy
Unveiling the impact of housing debt on entrepreneurship
House prices and business cycles
Working to maintain homeownership
Financial liberalization, credit constraints, and collateral
Residential land use regulation and the US housing price cycle between 2000 and 2009
Homeownership, housing capital gains and self-employment
Clusters of entrepreneurship
Mortgage debt and entrepreneurship
Urban house prices and investments in small and medium-sized industrial firms
Capital shocks, the great recession, and UK regional divergence
The post-crisis growth in the self-employed
Housing Assets and Small Business Investment
Spatial Variations in the Determinants and Effects of Firm Births and Deaths
The Borrower's Curse
Are Business Startups Debt-Rationed
Survival of the Fittest? An Analysis of Self‐Employment Duration in Britain
Access to Financial Capital among U.S. Businesses
Introduction
Overlending
Unlocking housing capital
The Importance of Housing for Self-employment
| Unique citing works | 53 |
|---|---|
| Citations per year | 1,66 |
| Citation span | 1994 - 2025 (32) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 53 |