Evaluation of programs of financial support for small and medium enterprises in Spain

Anatoliy A. Chugunov and Anastasiia V. Prydius
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Anatoliy A. Chugunov: Odessa National Polytechnic University, Odessa, Ukraine
Anastasiia V. Prydius: Odessa National Polytechnic University, Odessa, Ukraine

Economics: time realities Экономика: реалии времени, 2015, issue 3 (19), 118-127

Abstract: In this research, we evaluate the effect of the participation in the public programs in terms of growth in assets of the firm, sales, number of employees, efficiency and productivity, by comparing granted firms with non-granted firms. The main objective of this study is to provide an empirical evidence regarding the impact of two of the most important Spanish financial policies for SMEs, which are subsidised credit offered by the Official Credit Institute (ICO) and credit guaranteed by a Mutual Guarantee Society (MGS).

Keywords: small and medium enterprises (SMEs); small and medium businesses (SMEs); the problem of financing; investment; regression analysis; method of least squares (OLS); fixed effects model (FE model); average treatment effect (ATE) (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:scn:032811:16538406

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