Microcredits help microenterprises get started. They are an innovative way to address financial exclusion and unemployment. But business performance is closely linked to entrepreneurial motivation. Renaud Bourlès and Anastasia Cozarenco show that businesses started by « necessity » are less likely to make profits than those that are the result of « opportunity ». So differentiating between entrepreneurial motivations is a challenge for public policies.
Read the new paper published by Economic Dialogues
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