Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/316624 
Year of Publication: 
2023
Citation: 
[Journal:] East Asian Economic Review (EAER) [ISSN:] 2508-1667 [Volume:] 27 [Issue:] 4 [Year:] 2023 [Pages:] 347-376
Publisher: 
Korea Institute for International Economic Policy (KIEP), Sejong-si
Abstract: 
This study empirically examines the impacts of policy funds from three different aspects using data on Daegu City's local government loans. First, we estimate the influence of policy funds on mitigating financial constraints affecting the investment decisions of Small- and Medium-sized Enterprises (SMEs), yielding inconclusive results indicating no significant discernible effects of policy funds. Second, we scrutinize the ramifications of policy funds on enterprise's management stability, revealing that these funds contribute to stabilizing the operations of small-scale enterprises. Third, we explore whether policy funds engender an unintended consequence of bolstering distressed enterprises, presenting empirical evidence that suggests a delayed exit of such enterprises.
Subjects: 
Policy Funds
SMEs
Investment
Management Stability
JEL: 
G20
G30
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.