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Shawn Cole
Shawn Cole is an Associate Professor in the Finance Unit at Harvard Business School. His research examines corporate and household finance in emerging markets, with a focus on banking, microfinance, insurance, and the relationship between financial development and economic growth. He has worked in India, the Philippines, Indonesia, Vietnam, and South Africa.
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Improving Access to Finance for Entrepreneurs in Developing Countries
One of the most important issues in developing countries is how to finance small and medium enterprises (SMEs). Although microcredit and new forms of financial inclusion are increasingly prominent in the literature, much empirical evidence shows that banks are still the main financial actors. This study focusses on loan officers’ risk propensity and finds among other conclusions, that performance incentives affect lending decisions.
