دانلود مقاله ISI انگلیسی شماره 14718
ترجمه فارسی عنوان مقاله

مداخله دولتی بازارهای اعتباری شرکت کوچک در UK : ارزش پول و یا اتلاف منابع کمیاب؟

عنوان انگلیسی
Public intervention in UK small firm credit markets: Value-for-money or waste of scarce resources?
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
14718 2013 11 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Technovation, Volume 33, Issues 8–9, August–September 2013, Pages 265–275

ترجمه کلمات کلیدی
کسب و کار کوچک - برنامه های دولت - تامین مالی - تضمین وام -
کلمات کلیدی انگلیسی
Small business,Government programs,Financing,Loan guarantees,
پیش نمایش مقاله
پیش نمایش مقاله  مداخله دولتی بازارهای اعتباری شرکت کوچک در UK : ارزش پول و یا اتلاف منابع کمیاب؟

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.