The Effects of Policy Funds on the Investment and Management Stabilization Financing of Small- and Medium-sized Enterprises

Autor:	Jinhwa Chung, Bohyun Kim, Seongman Moon
Jazyk:	angličtina
Rok vydání:	2023
Předmět:	policy funds smes investment management stability Economics as a science HB71-74
Zdroj:	East Asian Economic Review, Vol 27, Iss 4, Pp 347-376 (2023)
Druh dokumentu:	article
ISSN:	2508-1640 2508-1667
DOI:	10.11644/KIEP.EAER.2023.27.4.428
Popis:	This study empirically examines the impacts of policy funds from three different aspects using data on Daegu City’s local government loans. First, we estimate the influence of policy funds on mitigating financial constraints affecting the investment decisions of Small- and Medium-sized Enterprises (SMEs), yielding inconclusive results indicating no significant discernible effects of policy funds. Second, we scrutinize the ramifications of policy funds on enterprise’s management stability, revealing that these funds contribute to stabilizing the operations of small-scale enterprises. Third, we explore whether policy funds engender an unintended consequence of bolstering distressed enterprises, presenting empirical evidence that suggests a delayed exit of such enterprises.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/6628b87042e6418a8050ff866b47fce5 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF