| 来源类型 | Article
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| 规范类型 | 其他
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| DOI | 10.1016/j.technovation.2012.11.002
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| ISBN | 0166-4972
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| Public intervention in UK small firm credit markets: value-for-money or waste of scarce resources? |
| Cowling, Marc; Siepel, Josh
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| 发表日期 | 2013-08
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| 出处 | Technovation
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| 出版者 | Elsevier
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| 出版年 | 2013
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| 页码 | 265-275
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| 语种 | 英语
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| 摘要 | Loan guarantee schemes are used in many countries to provide financial support to small firms by guaranteeing loans from commercial banks, but questions remain about whether public intervention in private credit markets to support entrepreneurial firms is justified. This paper examines whether the UK Small Firms Loan Guarantee Scheme (SFLG) provides value-for-money to the UK tax payer, presenting a regression based performance approach which then feeds into a formal cost–benefit analysis. Specifically, we consider whether firm performance post-investment is such that it justifies the governments’ presence in the lending market and the costs associated with it. Our findings suggest that entrepreneurial firms that are able to access new finance through SFLG achieve superior performance in the form of improved sales, job creation and exports and that this justifies public intervention in private credit markets. |
| 特色分类 | HJ7461 Expenditures. Government spending
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| URL | http://sro.sussex.ac.uk/id/eprint/39787/
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| 来源智库 | Science Policy Research Unit (United Kingdom)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/468189
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推荐引用方式
GB/T 7714 |
Cowling, Marc,Siepel, Josh. Public intervention in UK small firm credit markets: value-for-money or waste of scarce resources?. 2013.
|
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