Cost of capital and public loan guarantees to small firms
Sign Up to like & getrecommendations! Published in 2017 at "Small Business Economics"
DOI: 10.1007/s11187-017-9845-y
Abstract: In this paper, we study the determinants of the spread charged by banks under a UK policy intervention scheme, aimed at supporting access to the credit market for small firms through guarantee backed loans. We… read more here.
Keywords: small firms; guarantees small; cost capital; public loan ... See more keywords
Government guarantees of loans to small businesses: Effects on banks’ risk-taking and non-guaranteed lending
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Financial Intermediation"
DOI: 10.1016/j.jfi.2018.05.003
Abstract: Abstract We analyzed the loan guarantees that the Japanese government provided for banks’ loans to small and medium-sized enterprises (SMEs). We modeled and estimated how much and under what conditions loan guarantees affected banks’ risk-taking… read more here.
Keywords: banks risk; non guaranteed; risk taking; guaranteed loans ... See more keywords
Loan guarantees and credit supply
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Financial Economics"
DOI: 10.1016/j.jfineco.2020.08.008
Abstract: Abstract The efficiency of federal lending guarantees depends on whether guarantees increase lending supply or simply act as a subsidy to lenders. We use notches in the guarantee rate schedule for Small Business Administration (SBA)… read more here.
Keywords: guarantee; credit supply; guarantees credit; loan ... See more keywords