and weak contract enforcement at home, domestic expansion of SMEs is constrained by the necessity of awarding trade credit …

This paper provides a pan-European assessment of EU credit guarantees to SMEs. Synthesizing past research, it … the financial growth and survivability of firms, through a comparison against SMEs that were not supported by these …

SMEs' growth in Italy, the Benelux and the Nordic countries (Denmark, Finland, Norway and Sweden) from 2002 to 2016. In … these macro-regions, the facilities supported 174,107 loans to SMEs, for a total of EUR 15.58bn. Using a sample of these …, assets intangibility and survival. The analysis compares beneficiary SMEs to similar firms that were not supported by the …

EU-guaranteed loans to SMEs disbursed in France during the years 2002 to 2016. The study estimates the average treatment …-in-difference estimation, coarsened exact matching and propensity score analysis. On average, French SMEs benefitting from EU-guaranteed loans … significance of the effect is typically stronger for smaller and younger firms. Beneficiary SMEs also experienced 5% lower default …