Arbeitspapier
The Effect of Credit Guarantees on R&D Investment of SMEs in Korea
Korean government has invested significant amount of resources through credit guarantee funds to promote SMEs survival, performance and R&D investment. This study attempts to identify determinants of provision of credit guarantees and estimate their effects on firms R&D expenditures. The relationship between duration of credit and firm's survival and performance is also investigated. Account is made for heterogeneity by various characteristics of firms when looking at credit guarantee and in-house R&D investment relationships. This study results in identification of factors that enhances efficiency of funds and their effects on firms' R&D investment behavior. It enables feedback effects on the public funds selection of firms guaranteed. A number of policy measures are proposed to promote a better balance between public and private investments to reduce the risk of business failure.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 7851
- Klassifikation
-
Wirtschaft
Estimation: General
Financial Institutions and Services: Government Policy and Regulation
Firm Performance: Size, Diversification, and Scope
Management of Technological Innovation and R&D
Technological Change: Government Policy
- Thema
-
Credit Guarantee
SMEs
public funds
R&D investment
firm performance
firm survival
Death Valley
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Heshmati, Almas
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Heshmati, Almas
- Institute for the Study of Labor (IZA)
Entstanden
- 2013
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