Spanish SMEs´ subsidised and guaranteed credit during economic crisis : a regional perspective
Briozzo, Anahí Eugenia
Cardone-Riportella, Clara Laura
Palabras clavePublic policies; Subsidised credit; Guaranteed credit; Impact evaluation; Economic crisis; Regional policies.
EditorialRegional Studies Association
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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.
Referencia bibliográficaBriozzo, A., Cardone Riportella, C. (2016). Spanish SMEs´ subsidised and guaranteed credit during economic crisis: a regional perspective. Regional studies. vol. 50, no. 3, pp. 496-512. Disponible en: http://repositoriodigital.uns.edu.ar/handle/123456789/4422.
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