Abstract

CORZO, Lilia José; GUERCIO, María Belén  and  VIGIER, Hernán Pedro. Analysis of Argentine SMEs Subsidized Credit Scope. Finanz. polit. econ. [online]. 2021, vol.13, n.2, pp.287-316.  Epub Apr 01, 2022. ISSN 2248-6046.  https://doi.org/10.14718/revfinanzpolitecon.v13.n2.2021.2.

The aim of this research is to analyze the scope of subsidized bank credit for SMEs. A Logit model that examines the determinants of effective and potential demand is estimated for Argentine SMEs in 2017. Our main results show that firms excluded from traditional bank credit in the past present a lower potential and effective demand for subsidized credits. Moreover, we find a positive relationship between firm/s size and effective demand. Besides, potential demand is explained by the legal status, the manager's level of education, access to trade credit and experienced a lost investment due to lack of credit. The novelty approach of this research lays knowledge to redesign the public financial support programs for SMEs and improve their scope.

Keywords : subsidized credit; access to credit; public policy; potential demand; Argentine; small and medium enterprises; firm.

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