Entrepreneurship and Credit Constraints: Evidence from a French Loan Guarantee Program

By Claire Lelarge, David Sraer, David Thesmar. 2010

170 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/6b1f56efc0387305d7046df8af82f58e786b0800

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Citations in the corpus

Bank Financing for SMEs – Lessons from the Literature (2013, unknown): “17 There have been few rigorous impact assessments of partial credit guarantees, though the few that have been undertaken point to a somewhat positive effect, as by Lelarge, Sraer, and Thesmar (2010) in the case of the French credit guarantee scheme.”
Finance and Growth at the Firm Level: Evidence from SBA Loans (2016, unknown): “Two French studies, Lelarge, Sraer, and Thesmar (2010) and Bach (2014), take advantage of changes in industry sector eligibility for a French loan guarantee program to measure the impact of the program on debt, employment, capital growth, financial expenses, and bankruptcy.”
Financial Constraints and Small and Medium Enterprises: A Review* (2020, unknown): “Across the OECD, SMEs contribute between 50 to 60 per cent of all value added (OECD, 2019a) Count Percentage SME Country All Firms SMEs Germany 190,541 186,044 97.6 Switzerland 20,050 19,679 98.1 Austria 25,477 25,003 98.1 Russia 35,6867 352,735 98.8 Hungary 50,809 50,357 99.1 Iceland 2,106 2,090 99”
Firm Age, Investment Opportunities, and Job Creation (2016, unknown): “…the non-tradable sector, where technological advantage is less important and young firms are likely to face more severe financing constraints than older, more established firms (Evans and Jovanovic, 1989; Cagetti and De Nardi, 2006; Lelarge et al., 2010; Adelino et al., 2013; Schmalz et al., 2013).”
The Causal Effect of Credit Guarantees for SMEs: Evidence from Italy (2013, unknown): “Lelarge et al. (2008) studied the guarantee program Sofaris (also known as Ose Garantie), carried out in France.”
Access to Financial Services (2009, background): “On the other hand, loan losses rose, suggesting that increased risk-taking resulted in high costs for taxpayers (Lelarge, Sraer, and Thesmar 2008).”
Did the paycheck protection program hit the target? (2020, unknown): “…examines the transmission and effects of loan guarantees or tax-based stimulus on credit supply, employment, and small business outcomes ( House and Shapiro, 2008; Lelarge et al., 2010; Bachas et al., 2020; Barrot et al., 2019; Mullins and Toro, 2017; Gonzalez-Uribe and Wang, 2019; Zwick, 2021 ).”