Spanish SMEs´ subsidised and guaranteed credit during economic crisis : a regional perspective
The aim of this study is to analyse the effects of two Spanish public programmes that provide financial support to small and medium enterprises: a) subsidised credit by the Official Credit Institute and b) bank credit guaranteed by a mutual guarantee society. The study was conducted from a regiona...
Guardado en:
| Autores principales: | , |
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| Lenguaje: | Inglés |
| Publicado: |
Regional Studies Association
2018
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| Materias: | |
| Acceso en línea: | http://repositoriodigital.uns.edu.ar/handle/123456789/4422 |
| Aporte de: |
| Sumario: | The aim of this study is to analyse the effects of two Spanish public programmes that provide
financial support to small and medium enterprises: a) subsidised credit by the Official Credit Institute
and b) bank credit guaranteed by a mutual guarantee society. The study was conducted from a regional
perspective and compares the effects of the two programmes during normal times with the effects
during economic crisis. The results show that during stable (non-crisis) periods, these programmes
affect the growth of assets, sales, and sales to assets ratio. However, during recession, the effects
extend to include the growth of employment and sales-employee ratio. Moreover, there are significant
regional differences in the impacts of the financial aid programmes. |
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