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Cited by 398

The DOI matches its Crossref record; 24 of the 24 references it cites were found in a registry or an index.

The Borrower's Curse: Optimism, Finance and Entrepreneurship

de Meza, David, Southey, Clive·1996·The Economic Journal
DOI 10.2307/2235253
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Abstract

This paper argues that most of the facts characterising small-scale businesses, including high failure rates, reliance on bank credit rather than equity finance, relatively low interest rate margins, and credit rationing, can be explained by a tendency for those who are excessively optimistic to dominate new entrants. Drawing on findings in psychology, we model entrants as relatively naive optimisers. Banks on the other hand are viewed as well informed and efficient processors of information.

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Cites

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Metadata

Authors
de Meza, D., & Southey, C.
Venue
The Economic Journal
Publisher
Oxford University Press (OUP)
Published
1996-03
Volume
106
Issue
435
Pages
375
ISSN
0013-0133 (ISSN-L)
DOI
10.2307/2235253
OpenAlex
W1547558188
Cited by
398
References
24
FWCI
4.66
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The Borrower's Curse: Optimism, Finance and Entrepreneurship. https://app.cochat.ai/papers/10.2307/2235253
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de Meza, D., & Southey, C. (1996). The Borrower's Curse: Optimism, Finance and Entrepreneurship. The Economic Journal. https://doi.org/10.2307/2235253

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.