Les garanties publiques du crédit aux PME sont-elles efficientes ? Les enseignements d'une enquête officielle internationale

Sebastian Schich

Revue d'économie financière, 2017, vol. N° 127, issue 3, 59-80

Abstract: While small firms are important potential drivers of real economic activity growth, they are considered as lacking access to finance. This situation has motivated policy intervention to facilitate their funding. Policy support for SMEs takes various forms and includes in particular the provision of partial guarantees by publicly supported credit guarantee arrangements for credit extended by banks to SMEs. Policy makers have recognised the need for evaluating the performance of such arrangements, especially as such evaluations can be helpful in changing the design of existing financial guarantee programmes, so as to make them operate more effectively. The results from an OECD/EC survey on evaluating publicly supported financial guarantee programmes for SMEs suggest however that there is considerable discrepancy in many countries between actual practises and what might be considered ?good practises? in assessing the performance of these arrangements. Many policy makers appear to trust in the net economic benefits generated by such support arrangements for SMEs to such an extent that they do not feel obliged to produce ?hard evidence? in support of this view. Classification JEL: G38, L53.

JEL-codes: G38 L53 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_127_0059 (application/pdf)
http://www.cairn.info/revue-d-economie-financiere-2017-3-page-59.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:refaef:ecofi_127_0059

Access Statistics for this article

More articles in Revue d'économie financière from Association d'économie financière
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().