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Performance and access to government guarantees: the case of small business investment companies

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Author Info
Elijah Brewer, III
Hesna Genay
William E. Jackson, III
Paula R. Worthington
Abstract

This article analyzes the performance of small business investment companies (SBICs) that are chartered and regulated by the Small Business Administration (SBA). Our principal finding is that poor performance over the 1986-91 period is associated with high usage of funds from the SBA.

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File URL: http://www.chicagofed.org/publications/economicperspectives/1996/epsep96b.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.

Volume (Year): (1996)
Issue (Month): Sep ()
Pages: 16-32
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:fip:fedhep:y:1996:i:sep:p:16-32:n:v.20no.5

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Related research
Keywords: Small business;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Altman, Edward I., 1977. "Predicting performance in the savings and loan association industry," Journal of Monetary Economics, Elsevier, vol. 3(4), pages 443-466, October. [Downloadable!] (restricted)
  2. Gregory R. Gajewski, 1989. "Assessing the risk of bank failure," Proceedings, Federal Reserve Bank of Chicago, pages 432-456.
  3. Sinkey, Joseph F, Jr, 1975. "A Multivariate Statistical Analysis of the Characteristics of Problem Banks," Journal of Finance, American Finance Association, vol. 30(1), pages 21-36, March. [Downloadable!] (restricted)
  4. Asli Demirgüç-Kunt, 1989. "Deposit-institution failures: a review of empirical literature," Economic Review, Federal Reserve Bank of Cleveland, issue Q IV, pages 2-18. [Downloadable!]
  5. Robert B. Avery & Gerald A. Hanweck, 1984. "A dynamic analysis of bank failures," Research Papers in Banking and Financial Economics 74, Board of Governors of the Federal Reserve System (U.S.).
  6. Martin, Daniel, 1977. "Early warning of bank failure : A logit regression approach," Journal of Banking & Finance, Elsevier, vol. 1(3), pages 249-276, November. [Downloadable!] (restricted)
  7. James R. Barth & R. Dan Brumbaugh & Daniel Sauerhaft & George H.K. Wang, 1985. "Thrift institution failures: causes and policy issues," Proceedings, Federal Reserve Bank of Chicago, pages 184-216.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Elijah Brewer, III & Hesna Genay & William E. Jackson, III & Paula R. Worthington, 1996. "How are small firms financed? Evidence from small business investment companies," Economic Perspectives, Federal Reserve Bank of Chicago, issue Nov, pages 2-18. [Downloadable!]
  2. Elijah Brewer, III & Hesna Genay & William E. Jackson, III & Paula R. Worthington, 1997. "A Trojan horse or the golden fleece? small business investment companies and government guarantees," Working Paper Series, Issues in Financial Regulation WP-97-22, Federal Reserve Bank of Chicago. [Downloadable!]
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