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The Effect of Credit Guarantees on R&D Investment of SMEs in Korea
Sogang University.ORCID iD: 0000-0002-7902-4683
2013 (English)Report (Other academic)
Abstract [en]

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.

Place, publisher, year, edition, pages
2013. , 25 p.
Series
IZA Discussion Paper, 7851
National Category
Social Sciences
Identifiers
URN: urn:nbn:se:hj:diva-24849OAI: oai:DiVA.org:hj-24849DiVA: diva2:753460
Available from: 2014-10-08 Created: 2014-10-08 Last updated: 2016-01-14Bibliographically approved

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Heshmati, Almas
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CiteExportLink to record
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Citation style
  • apa
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