Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/240726 
Year of Publication: 
2019
Series/Report no.: 
Texto para Discussão No. 2531
Publisher: 
Instituto de Pesquisa Econômica Aplicada (IPEA), Brasília
Abstract (Translated): 
This text evaluates the effect of the BNDES Finame credit program on the survival of Brazilian firms, separated according to their size, between 2002 and 2016. To this end, we employ the survival analysis method. In this work, we use the microdata bases of RAIS and BNDES financing operations. The results show that BNDES Finame has increased the average lifetime of micro, small and midsize companies. On the other hand, this credit program had no effect on the survival of large companies. In addition, the smaller the company, the greater the effect this type of credit has had on its lifetime. When it is analyzed other factors that have influence on the survival of micro-sized and small firms, it is found that participating in Simples Nacional rise their survival time, while the age - the older the company is - has a positive impact on the survival time of all companies.
Subjects: 
credit expansion
BNDES Finame
business survival
propensity score matching
survival analysis
JEL: 
C10
E50
H81
Document Type: 
Working Paper

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