IDEAS home Printed from https://ideas.repec.org/a/taf/bushst/v54y2012i3p424-440.html
   My bibliography  Save this article

Development credit corporations: Not-for-profit development finance institutions in the postwar United States

Author

Listed:
  • David Koistinen

Abstract

Development credit corporations (DCCs) were innovative not-for-profit organisations first set up in the United States in the years after World War II. DCCs borrowed from financial institutions and lent on a long-term basis to small companies that needed funds to expand or maintain their operations but did not qualify for long-term credit from conventional lenders. DCCs were private-sector bodies created at the state level under charters issued by state governments. The organisations were established in more than half the American states. DCCs continue to function in the contemporary era, and have thus proved to be a permanent fixture in the landscape of development entities and not-for-profit financial institutions.

Suggested Citation

  • David Koistinen, 2012. "Development credit corporations: Not-for-profit development finance institutions in the postwar United States," Business History, Taylor & Francis Journals, vol. 54(3), pages 424-440, June.
    • Handle: RePEc:taf:bushst:v:54:y:2012:i:3:p:424-440
    DOI: 10.1080/00076791.2011.638490
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00076791.2011.638490
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00076791.2011.638490?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Majewski,John, 2000. "A House Dividing," Cambridge Books, Cambridge University Press, number 9780521590235, October.
    2. Coopey, Richard & Clarke, Donald, 1995. "3i: Fifty Years Investing in Industry," OUP Catalogue, Oxford University Press, number 9780198289449.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arvind Ashta & Surender Mor, 2022. "Is Microcredit a Reverse Innovation?," FIIB Business Review, , vol. 11(2), pages 225-234, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sukkoo Kim, 2007. "Institutions and U.S. Regional Development: A Study of Massachusetts and Virginia," NBER Working Papers 13431, National Bureau of Economic Research, Inc.
    2. Howells, John, 2003. "Financial techniques, institutions and innovation," Working Papers 2003-3, University of Aarhus, Aarhus School of Business, Department of Management.
    3. Klein, Daniel & Majewski, John, 2003. "America’s Toll Roads Heritage: The Achievements of Private Initiative in the 19th Century," Ratio Working Papers 30, The Ratio Institute.
    4. Anna Kovner & Josh Lerner, 2015. "Doing Well by Doing Good? Community Development Venture Capital," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 24(3), pages 643-663, September.
    5. Murray, Gordon, 2020. "Ten Meditations on (Public) Venture Capital – Revisited," MPRA Paper 104389, University Library of Munich, Germany.
    6. John Joseph Wallis, 2010. "The Other Foundings: Federalism and the Constitutional Structure of American Government," NBER Chapters, in: Founding Choices: American Economic Policy in the 1790s, pages 177-213, National Bureau of Economic Research, Inc.
    7. Howard Bodenhorn & David Cuberes, 2010. "Financial development and city growth: Evidence from Northeastern American cities, 1790-1870," Working Papers 2010/35, Institut d'Economia de Barcelona (IEB).
    8. Bernardo Bátiz-Lazo & Mark Billings, 2012. "New perspectives on not-for-profit financial institutions: Organisational form, performance and governance," Business History, Taylor & Francis Journals, vol. 54(3), pages 309-324, June.
    9. Kenney, Martin & Dossani, Rafiq, 2001. "Creating an Environment: Developing Venture Capital in India," UCAIS Berkeley Roundtable on the International Economy, Working Paper Series qt6z47h77n, UCAIS Berkeley Roundtable on the International Economy, UC Berkeley.
    10. Robert Wright, 2002. "Reforming the US IPO market: lessons from history and theory," Accounting History Review, Taylor & Francis Journals, vol. 12(3), pages 419-437.
    11. Stanley Engerman & Kenneth L. Sokoloff, 2004. "Digging the Dirt at Public Expense: Governance in the Building of the Erie Canal and Other Public Works," NBER Working Papers 10965, National Bureau of Economic Research, Inc.
    12. Robert E. Wright, 2010. "Rise of the Corporation Nation," NBER Chapters, in: Founding Choices: American Economic Policy in the 1790s, pages 217-258, National Bureau of Economic Research, Inc.
    13. Dan Bogart & John Majewski, 2008. "Two Roads to the Transportation Revolution: Early Corporations in the United Kingdom and the United States," NBER Chapters, in: Understanding Long-Run Economic Growth: Geography, Institutions, and the Knowledge Economy, pages 177-204, National Bureau of Economic Research, Inc.
    14. Peter Sunley & Britta Klagge & Christian Berndt & Ron Martin, 2005. "Venture capital programmes in the UK and Germany: In what sense regional policies?," Regional Studies, Taylor & Francis Journals, vol. 39(2), pages 255-273.
    15. Mark Hayes, 2015. "Keynes, the Pope and the IMF," Working Papers PKWP1502, Post Keynesian Economics Society (PKES).
    16. Rouse, Marybeth & Batiz-Lazo, Bernardo & Carbo Valverde, Santiago, 2020. "All about the state-Fifty years of innovative technology to deliver an inclusive financial sector," MPRA Paper 102159, University Library of Munich, Germany.
    17. Naomi R. Lamoreaux, 2014. "Revisiting American Exceptionalism: Democracy and the Regulation of Corporate Governance in Nineteenth-Century Pennsylvania," NBER Working Papers 20231, National Bureau of Economic Research, Inc.
    18. Sun Go & Peter H. Lindert, 2007. "The Curious Dawn of American Public Schools," NBER Working Papers 13335, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:bushst:v:54:y:2012:i:3:p:424-440. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FBSH20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.