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Readings

For a broad list of CID publications, visit CID's Publications site.

Note that while we found all of these papers useful in the development of our approach, some use debatable psychometric instruments and/or empirical methods.

General discussions of the barriers to SME finance & the ‘missing middle’

“Beyond Finance: getting capital to small and medium enterprises to fuel faster development” by David de Ferranti and Anthony J. Ody. Brookings Policy Brief #159.

“Transatlantic innovations in affordable capital for small- and medium-sized enterprises” by Glenn Yago, Daniela Roveda and Jonathan White. German Marshall Fund of the United States & Milken Foundation.

“Meso-finance: filling the gap for small businesses in developing countries” by Thierry Sanders and Carolien Wegener. NCDO position paper.

“Manufacturing firms in developing countries: how well they do, and why” by James Tybout. Journal of Economic Literature, March 2000, 38: 11-14.

“Small and medium-sized enterprises: Access to finance as a growth constraint” by Thorsten Beck and Asli Demirguc-Kunt. Journal of Banking and Finance, 2006, 30: 2931-2943.

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Evidence of returns to expanded finance among SMEs

“Returns to capital in microenterprises: evidence from a field experiment” by Suresh de Mel, David McKenzie and Christopher Woodruff. Quarterly Journal of Economics, Nov. 2008 123(4): 1329-1372.

 “Do firms want to borrow more? Testing credit constraints using a directed lending program” by Abhijit Banerjee and Esther Duflo. BREAD working paper, number 2003-005.

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Some psychometric studies of developing country entrepreneurs

“Psychological approaches to entrepreneurial success: A general model and an overview of findings” by Andreas Rauch and Michael Frese. 2000, international review of industrial and organizational psychology, 101-142.

“Innovative firms or innovative owners? Determinants of innovation in micro, small, and medium enterprises” by Suresh de Mel, David McKenzie and Christopher Woodruff. IZA discussion paper 3962.

“What makes an entrepreneur?” By Simeon Djankov, Yingyi Qian, Gérard Roland and Ekaterina Zhuravskaya.

“Psychological success factors of small and micro business owners in southern Africa: a longitudinal approach” by Stefanie Krauss. Available from the author upon request.

“The big 5 and venture survival: is there a linkage?” by Mark Ciavarella, Ann Buchholtzb, Christine Riordan, Robert Gatewood, and Garnett Stokes. 2003, Journal of business venturing 19: 465-483.

“What determines entrepreneurial success? A psychometric study of rural entrepreneurs in India” by Viral Acharya, Abhilasha Rajan and Antoinette Schoar.

“Let's put the person back into entrepreneurship research: A meta-analysis on the relationship between business owners' personality traits, business creation, and success” by Andreas Rauch and Michael Frese. October 2007. European Journal of Work and Organizational Psychology 16(4): 353 – 385.

“Who are the microenterprise owners?” by Suresh de Mel, David McKenzie and Christopher Woodruff. World Bank policy research working paper 4635.

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Papers on the use of psychometrics in pre-employment screening

“The validity and utility of selection methods in personnel psychology: practical and theoretical implications of 85 years of research findings” by Frank Schmidt and John Hunter. 1992, Psychological bulletin 124(2): 262-274.

“Validity of an honesty test in predicting theft among convenience store employees” by John Bernardin and Donna Cooke. Oct. 1993, the academy of management journal 26(5): 1097-1108.

“Recruitment and selection practices survey report” by Sheila Rioux and Paul Bernthal. August 1999, HR benchmark group 2(2).

“Bandwidth-fidelity dilemma in personality measurement for personnel selection” by Deniz Ones and Chockalingam Viswesvaran. Journal of organizational behavior, Nov 1996, 17(6): 609-626.

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  • General discussions of the barriers to SME finance & the ‘missing middle’
  • Evidence of returns to expanded finance among SMEs
  • Some psychometric studies of developing country entrepreneurs
  • Papers on the use of psychometrics in pre-employment screening