Publications [#311504] of Aaron Chatterji

Journal Articles

1. Chatterji, AK; Seamans, RC, Entrepreneurial finance, credit cards, and race, Journal of Financial Economics, vol. 106 no. 1 (October, 2012), pp. 182-195, Elsevier BV, ISSN 0304-405X [doi]
   (last updated on 2026/01/13)

   Abstract:
   This paper examines the impact of financial deregulation on entrepreneurship. We assess the impact of credit card deregulation on transitions into self-employment using state-level removal of credit card interest rate ceilings following the US Supreme Court's 1978 Marquette decision as a quasi-natural experiment. We find that credit card deregulation increases the probability of entrepreneurial entry, with a particularly strong effect for black entrepreneurs. We demonstrate that these effects are magnified in states with a history of racial discrimination and link the results to discrimination-based barriers to entry. © 2012 Elsevier B.V.