TY  - GEN
AU  - Bernales, Alejandro
AU  - Beuermann, Diether
AU  - Cumming, Douglas
AU  - Olid, Christian
TI  - Blue-Collar Crime and Finance
PY  - 2022
Y1  - 2022/02/15
DO  - 10.18235/0001745
AB  - Relatively little is known about the effects of blue-collar crime (theft, robbery, vandalism or arson) on financial decisions. Previous literature has focused its attention either on 'regional' crime rates or the 'perception' of crime as business obstacles. Instead, we examine financing terms of 'individual' firms that 'effectively' experimented blue-collar crime events. We show that blue-collar crime worsens the access and conditions to external financing, which is unexpected since firms do not have to reveal to lenders that they suffered such crime incidents. We also find evidence that firm-information leakages may explain the negative effects of blue-collar crime on financing terms.
UR  - https://doi.org/10.18235/0001745
ER  -