Brault, Julien; Signore, Simone - 2019
This paper provides a pan-European assessment of EU credit guarantees to SMEs. Synthesizing past research, it … investigates the firm-level economic impact of over 360,000 guaranteed loans under the EU MAP and CIP programmes from 2002 to 2016 … intangible assets (by one third of the initial share in Italy and the Nordic countries), sales (by 6 to 35%), employment (by 8 to …