@TechReport{iza:izadps:dp8887,
            	author={Chakraborty, Tanika and Mukherjee, Anirban and Saha, Sarani},
            	title={Court-ship, Kinship and Business: A Study on the Interaction between the Formal and the Informal Institutions and Its Effect on Entrepreneurship},
            	year={2015},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={8887},
            	url={https://www.iza.org/publications/dp8887},
	abstract={In this paper we theoretically and empirically examine how the interaction between the formal court system and the informal loan network affects a household's decision to start a business. We find that when the formal court system is weak, expansion of informal credit network leads to the proliferation of business. However, with a sufficiently strong court system, expansion of credit network has a negative effect on business prospects. This result is explained by the contradictions between formal laws and norms used by informal networks. Our result remains robust after controlling for a variety of household and district level characteristics.},
	keywords={formal institution;court;informal network;entrepreneurship},
            }