We analyze the role of debt in persuading an entrepreneur to pay out cash ows, rather than to divert them. In the Žrst part of the paper we study the optimal debt contract—speciŽcally, the trade-off between the size of the loan and the repayment—under the assumption that some debt contract is optimal. In the second part we consider a more general class of (nondebt) contracts, and derive suffic...

This study identifies the main areas and current dynamics of repayment behaviour with regards to microfinance suggests future research directions. We explored a selection 258 papers from Scopus database using bibliometric analysis find on in terms between 1996 early 2022. Based various citations publications, as well their location relevance within network, we identified most influential articl...

Abstract Subject and purpose of work: The present paper assesses the loan utilisation repayment behaviour loanee or indebted farmers in Haryana, India. Materials methods: study was conducted Haryana state. is based on primary data that have been collected through schedules from a sample 600 farmers. Proportionate sampling employed. Further, percentage used for analysis. Results: found about hal...

Abstract Relying on a large-scale experiment in Peru, this study evaluates the effects of an in-class intervention financial literacy and behaviour. As soon as programme is over, treated students record significant gains that do not hinder their academic performance. The also leads to immediate changes downstream behaviour measured by autonomy savviness. Credit bureau records gathered three yea...