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dc.titleBlue-Collar Crime and Finance
dc.contributor.authorBernales, Alejandro
dc.contributor.authorBeuermann, Diether
dc.contributor.authorCumming, Douglas
dc.contributor.authorOlid, Christian
dc.contributor.orgunitCountry Department Caribbean Group
dc.coverageTrinidad and Tobago
dc.coverageJamaica
dc.coverageGuyana
dc.coverageBahamas
dc.coverageBarbados
dc.coverageSuriname
dc.coverageThe Caribbean
dc.date.available2022-02-15T17:02:00
dc.date.issue2022-02-15T00:02:00
dc.description.abstractRelatively 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.
dc.format.extent75
dc.identifier.doihttp://dx.doi.org/10.18235/0001745
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Blue-Collar_Crime_and_Finance_en_en.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFinance
dc.subjectSmall Business
dc.subjectCrime and Violence
dc.subjectInterest Rate
dc.subjectBank Loan
dc.subjectSaving and Loan
dc.subjectLabor Force
dc.subjectEconomy
dc.subject.jelcodeG21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages
dc.subject.jelcodeK14 - Criminal Law
dc.subject.keywordsExternal Financing;Credit Risk;Information Leakages;CEO's Work Experience
dc.typeWorking Papers
idb.identifier.pubnumberIDB-WP-01005
idb.operationRG-P1730
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