Access to Finance

Access to finance programmes can help improve firm performance.

Evidence sources

We found 27 evaluations which met the Centre's minimum standards. These are listed below:

Ref no.Reference
542Angelucci, M., Karlan, D., and Zinman, J. (2014). Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco. 
546Brander, J.A., Du, Q., and Hellmann, T.F. (2010). The Effects of Government-Sponsored Venture Capital: International Evidence.
548Chandler, V. (2012). The economic impact of the Canada small business financing program. Small Bus. Econ. Group 39, 253–264.
558 Gilje, E. (2012). Does Local Access to Finance Matter? Evidence from U.S. Oil and Natural Gas Shale Boom. Job Market Paper.
562McKenzie, D., and Woodruff, C. (2008). Symposium on Access to Finance: Experimental Evidence on Returns to Capital and Access to Finance in Mexico. World Bank Economic Review 22, 457–482
564Oh, I., Lee, J.D., Heshmati, A., and Choi, G.G. (2009). Evaluation of credit guarantee policy using propensity score matching. Small Bus Econ 33, 335–351.
565Ono, A., Uesugi, I., and Yasuda, Y. (2013). Are lending relationships beneficial or harmful for public credit guarantees? Evidence from Japan’s Emergency Credit Guarantee Program. Journal of Financial Stability 9, 151–167.
570Uesugi, I., Sakai, K., and Yamashiro, G.M. (2010). The Effectiveness of Public Credit Guarantees in the Japanese Loan Market. Journal of the Japanese and International Economies 24, 457–480.
572Zecchini, S. and Ventura, M. (2009). The Impact of Public Guarantees on Credit to SMEs. Small Bus. Econ. 32, 191–206.
573Hasumi, R., Hirata, H., and Ono, A. (2011). Differentiated Use of Small Business Credit Scoring by Relationship Lenders and Transactional Lenders: Evidence from Firm-Bank Matched Data in Japan (Rochester, NY: Social Science Research Network).
583Craig, B.R., Jackson, W.E., and Thomson, J.B. (2007). Small firm finance, credit rationing, and the impact of SBA-guaranteed lending on local economic growth. J. Small Bus. Manag. 45, 116–132.
584D’Ignazio, A., and Menon, C. (2012). The Causal Effect of Credit Guarantees for SMEs: Evidence from Italy. Spatial Economics Research Centre, LSE.
588Johnson, J. (2009). Rural Economic Development in the United States An Evaluation of the US Department of Agriculture’s Business and Industry Guaranteed Loan Program. Econ. Dev. Q. 23, 229–241.
590Lelarge, C., Sraer, D., and Thesmar, D. (2008). Entrepreurship and Credit Constraints - Evidence from a French Loan Guarantee Program (Institut National de la Statistique et des Etudes Economiques, DESE).
592Oh, I., and Lee, J.D. (2011). Comparison of Effects from Different Institutions: Public Credit Guarantee in Korea. Asian Econ. Journal, 25, 331–353.
599Uesugi, I., Sakai, K., and Yamashiro, G.M. (2006). Effectiveness of Credit Guarantees in the Japanese Loan Market. Working Paper, pp 25.
617Guiso, L., Sapienza, P. and Zingales, L. (2002). Does Local Financial Development Matter? The Quarterly Journal of Economics, MIT Press, 119, 929-969.
619Kerr, W.R., Lerner, L. and Schoar, A. (2014). The Consequences of Entrepreneurial Finance: Evidence from Angel Financings. Review of Financial Studies, 27(1), 20–55.
620Jayaratne, J. and Strahan, P. (1996). The Finance-Growth Nexus: Evidence from Bank Branch Deregulation. The Quarterly Journal of Economics, 111 (3), 639-670.
622Bruhn, M. and Love, I. (2009). The Economic Impact of Expanding Access to Finance in Mexico. World Bank Policy Research Working Paper 4981.
623Zecchini, S. and Ventura, M. (2006). The Role of State-Funded Credit Guarantee Schemes for SMEs: Italy's Experience. Mimeo.
648Brander, J.A., Egan, E. and Hellmann, T.F. (2010). Government Sponsored Versus Private Venture Capital: Canadian Evidence. In International Differences in Entrepreneurship. Lerner, J. and Schoar, A. (eds). University of Chicago Press. Ch 9, pp 275-320.
650 Grilli, L. and Murtinu S. (2012). Government, venture capital and the growth of European high-tech entrepreneurial firms, Working Paper, pp45
651Kortum, S. and Lerner, J. (2000). Assessing The Contribution Of Venture Capital To Innovation. Rand Journal of Economics, 31(4), 674-692.
737 Leleux, B. and Surlemont, B. (2003). Public versus private venture capital: seeding or crowding out? A pan-European analysis. Journal of Business Venturing, 18, 81-104.
740Lerner, J. (1999). The Government as Venture Capitalist: The Long-Run Effects of the SBIR Program. Journal of Business, 72, 285-318.
742Grilli, L. and Murtinu, S. (YEAR) Turning European New Technology-Based Firms into “Gazelles”: The Role of Public (and Private) Venture Capital. Working Paper, pp41.

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