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Does Participation in Productive Associations Signal Trust and Creditworthiness? : Evidence for Nicaragua / Angel-Urdinola, Diego F.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Angel-Urdinola, Diego F.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Collective.
- Collective action.
- Collective action problem.
- Communities & Human Settlements.
- Corporate Law.
- Debt Markets.
- Finance and Financial Sector Development.
- Housing and Human Habitats.
- Individuals.
- Insurance and Risk Mitigation.
- Labor Policies.
- Law and Development.
- Municipality.
- Principal-agent.
- Principal-agent problems.
- Proxy.
- Public firms.
- Social Protections and Labor.
- Unions.
- Local Subjects:
- Collective.
- Collective action.
- Collective action problem.
- Communities & Human Settlements.
- Corporate Law.
- Debt Markets.
- Finance and Financial Sector Development.
- Housing and Human Habitats.
- Individuals.
- Insurance and Risk Mitigation.
- Labor Policies.
- Law and Development.
- Municipality.
- Principal-agent.
- Principal-agent problems.
- Proxy.
- Public firms.
- Social Protections and Labor.
- Unions.
- Physical Description:
- 1 online resource (21 pages)
- Other Title:
- Does Participation in Productive Associations Signal Trust and Creditworthiness?
- Place of Publication:
- Washington, D.C., The World Bank, 2008
- System Details:
- data file
- Summary:
- This article studies the extent to which participation in productive associations in Nicaragua contributes to increase individuals' access to social programs and credit services. By participating in productive associations, individuals give a good signal to firms and are rewarded with better transactions and more access to the services they provide, ceteris paribus. Estimates using 2005 data indicate that households that participate in productive associations display higher access to credit and to social programs that promote investment. Additionally, participation in productive associations is weakly associated to more favorable credit outcomes among those households that receive loans, such as lower interest rates and a lower probability of wanting more credit than what was accessible to them.
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