RT info:eu-repo/semantics/article
T1 Public financing and entrepreneurship: behaviour and regional heterogeneity of SMEs
T2 Financiación pública y emprendimiento: comportamientos y heterogeneidad regional de las pequeñas y medianas empresas
A1 García Tabuenca, Luis Antonio
A1 Crespo Espert, José Luis
A1 Cuadrado Roura, Juan R.
K1 Public financing
K1 Business efficiency
K1 Entrepreneurial activity
K1 Regional differences
K1 Financiación pública
K1 Eficiencia empresarial
K1 Actividad emprendedora
K1 Diferencias regionales
K1 Economía
K1 Economics
K1 Geografía
K1 Geography
K1 Sociología
K1 Sociology
AB The existence of restrictions for small- and medium-sized enterprises (SMEs) to access long-term credit has led governments to establish institutional systems to facilitate such access and reduce the cost of credit, with the condition that its feasibility is justified (and assessed) and there are no distortions as regards competition. Very few empirical in-depth studies exist regarding this field of academic research, and scarce attention has been paid from a regional perspective. Due to the characteristics of the business structures in the different regions, as wellas the existence of agglomeration economies and the regional dispersion of the entrepreneurship rate, this paper analyses the effects of the productive financing support model, provided by the Government of Spain, through the Instituto de Crédito Oficial (ICO) [Official Credit Institute], on the behaviours and performances of the beneficiary companies. In the last decade, this source of financing has assigned 30,000 million euro. The results show the general acceptance of this policy due to its adaptation to the interests of the companies and its contribution to the improvement of the economic-financial efficiency indicators. Regionally, no substantial differences have been observed, but the results of this research show a greater contribution to the dynamism of the more progressive regions.
PB Asociación Española de Ciencia Regional (AECR)
SN 2340-2717
YR 2009
FD 2009
LK http://hdl.handle.net/10017/29883
UL http://hdl.handle.net/10017/29883
LA eng
DS MINDS@UW
RD 16-abr-2024