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Evaluation of programs of financial support for small and medium enterprises in Spain

Author

Listed:
  • Anatoliy A. Chugunov

    (Odessa National Polytechnic University, Odessa, Ukraine)

  • Anastasiia V. Prydius

    (Odessa National Polytechnic University, Odessa, Ukraine)

Abstract

In this research, we evaluate the effect of the participation in the public programs in terms of growth in assets of the firm, sales, number of employees, efficiency and productivity, by comparing granted firms with non-granted firms. The main objective of this study is to provide an empirical evidence regarding the impact of two of the most important Spanish financial policies for SMEs, which are subsidised credit offered by the Official Credit Institute (ICO) and credit guaranteed by a Mutual Guarantee Society (MGS).

Suggested Citation

  • Anatoliy A. Chugunov & Anastasiia V. Prydius, 2015. "Evaluation of programs of financial support for small and medium enterprises in Spain," Economics: time realities Экономика: реалии времени, CyberLeninka;Одесский национальный политехнический университет, issue 3 (19), pages 118-127.
    • Handle: RePEc:scn:032811:16538406
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