Effect of credit guarantee policy on survival and performance of SMEs in Republic of Korea

被引：73
作者：
Kang, Jae Won [1 ]
Heshmati, Almas [2 ]
机构：
[1] Korea Inst Ind Technol Evaluat & Planning, Technol Strategy & Planning Div, Seoul 135080, South Korea
[2] Univ Kurdistan Hawler, Hawler, Fed Reg Kurdist, Iraq
来源：
SMALL BUSINESS ECONOMICS | 2008年 / 31卷 / 04期
关键词：
Credit guarantee; SMEs; Pseudo panel data; Survival; Performance;
D O I：
10.1007/s11187-007-9049-y
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study evaluates the effect of credit guarantee on SMEs at the firm level. To estimate the effect of credit guarantee, we analyze relations between credit guarantee, the survival of guaranteed firms, and their productive performance. The result indicates that credit guarantee frequency enabled guaranteed firms to achieve good performances in general. On the contrary, the effect of guarantee amounts is ambiguous in that there is difference between the contemporary effect and the lagged effect. Therefore, we conclude that credit guarantee satisfied partially its goal to alleviate SMEs' difficulty in acquiring finance and to stabilize employment.
引用
收藏
页码：445 / 462
页数：18
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