Implications of Differences in Cognitive Capabilities between Individuals and Small Businesses for Financial Regulation
| dc.contributor.advisor | Fullbrunn, S. | |
| dc.contributor.author | RÖMER, Jessica | |
| dc.date.issued | 2020-08-20 | |
| dc.description.abstract | Individuals are better protected than businesses by means of regulations when they want to take a loan. This is based on the assumption that businesses make better financial decisions than consumers. While previous literature suggests that self-employed people have better cognitive capabilities than consumers, it is also reported that self-employed people face difficulties if they want to get a loan from which consumers are protected. This paper studies whether differences in financial literacy and numeracy exist between self-employed people and consumers, i.e. whether self-employed people have better cognitive capabilities that allow them to make better financial decisions. A dataset from the Netherlands (LISS Panel) and a dataset from Germany (SOEP) are used for this purpose. The paper provides evidence that differences in financial literacy and numeracy exist between self-employed people and consumers. Furthermore, the results show that financial literacy and numeracy have a positive effect on the probability to be self-employed. | en_US |
| dc.embargo.lift | 10000-01-01 | |
| dc.embargo.type | Permanent embargo | en_US |
| dc.identifier.uri | https://theses.ubn.ru.nl/handle/123456789/10161 | |
| dc.language.iso | en | en_US |
| dc.thesis.faculty | Faculteit der Managementwetenschappen | en_US |
| dc.thesis.specialisation | Financial Economics | en_US |
| dc.thesis.studyprogramme | Master Economics | en_US |
| dc.thesis.type | Master | en_US |
| dc.title | Implications of Differences in Cognitive Capabilities between Individuals and Small Businesses for Financial Regulation | en_US |