How does government-backed finance affect SMEs’ crisis predictors?

Gai, Lorenzo; Arcuri, Maria Cristina; Ielasi, Federica

doi:10.1007/s11187-023-00733-x

Cited by 3 publications

(3 citation statements)

References 80 publications

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“…This systematic review underscores the critical role of government credit guarantees in bolstering the performance of MSMEs in Indonesia (Adhikary et al, 2021;Tambunan, 2017) and other countries (Jin et al, 2022;Wubin et al, 2022;Gai et al, 2023;Mammadov et al, 2023;Okolo et al, 2023). Another study highlighted how MSMEs actively contribute to poverty reduction in the country (Nursini, 2020).…”

Section: Resultsmentioning

confidence: 86%

Islamic Finance Practices in Micro, Small, and Medium Enterprises in Indonesia: A Systematic Literature Review

Hartanto,

Suparyanto,

Azwar

2023

Millah J. Rel. Stud.

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This study analyzes Islamic finance practices in micro, small, and medium enterprises (MSMEs) in Indonesia from an Islamic economics perspective. This study employed a systematic literature review method following the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA). The main data source was written material that analyzed the impact of Islamic finance practices on MSMEs in Indonesia. The findings demonstrate that Islamic finance practices positively influence the growth of MSMEs in Indonesia. This study indicates that Islamic finance practices have substantial potential for enhancing the well-being of MSMEs in the country. Noteworthy growth factors for MSMEs encompass Islamic business and economic ethics, innovation, and ethical and moral considerations. Islamic finance practices are a promising option for Indonesian MSMEs to enhance their business growth. Therefore, adopting Islamic finance practices can contribute to improving business performance and fostering MSMEs' growth. Future research may involve empirical studies to gain a more comprehensive understanding of Islamic finance practices in Indonesian MSMEs.

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Section: Resultsmentioning

confidence: 86%

Islamic Finance Practices in Micro, Small, and Medium Enterprises in Indonesia: A Systematic Literature Review

Hartanto,

Suparyanto,

Azwar

2023

Millah J. Rel. Stud.

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“…This portrays that the quality of human resources as officials in performing public service tasks is still perceived as weak. Therefore, it can be concluded that the suboptimal performance of public services in the Lamuru Subdistrict government, as revealed in the research results above, can be attributed, among other factors, to the inadequate quality of human resources as subdistrict officials (Gai et al, 2023). 2.…”

Section: Factors Determining Public Servicesmentioning

confidence: 87%

Analysis of the Performance of the Sub-District Government in Public Services in Lamuru Sub-District, Bone Regency

Sakir,

Almahdali,

Amaliah

2023

politeia

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The quality of public services provided by government bureaucracy has significantly fallen short of expectations, particularly when considering accountability, responsibility, service orientation, and effectiveness. One of the evident issues is the apparent negligence towards the importance of service users in the implementation of public services. Given the analyzed background problems, the primary research question revolves around understanding the performance of the government sub-district Lamuru in delivering public services. To address this question, the research aims to investigate the performance of the government sub-district Bone in public services and identify the determining factors influencing this performance. The study employs a descriptive-analytic technique for treatment and analysis. The data sources for this research include civil servants working in the sub-district Lamuru office and members of the public. The selection of data sources utilizes random sampling, resulting in a sample size of 80 individuals. Upon analyzing the data, the research concludes that the service quality from the apparatus performance in the sub-district Lamuru is deemed good, yet there is still room for improvement to optimize the overall effectiveness of public services.

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“…The rationale for intervention is to overcome credit rationing and create additionality (Cowling, 2010) by lling a credit gap, facilitating growth of the SME's sector, and improving GDP (Panetta, 2012). Although some studies have highlighted negative impacts on default rates and business bankruptcy due to adverse selection by lenders (Gai et al 2016(Gai et al , 2023Lelarge et al 2010) and moral hazard behaviours (Myers & Majluf, 1985) by lenders and borrowers. Combined with other policy interventions, the covid loan guarantee schemes were effectively an extension of the EFG scheme but designed to help businesses cope with the uncertainty related to the Covid pandemic, avert a major business insolvency crisis, ensure the longer-term health of the corporate sector, and enable quick recovery.…”

Section: Introductionmentioning

confidence: 99%

Venture Capital and the Survival of Entrepreneurial Firms in Crisis Periods: The Case of Covid-19.

Kacer,

Wilson,

Zouari

et al. 2024

Preprint

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This paper investigates the survival of entrepreneurial firms during the pandemic period. Specifically, we focus on UK companies that received equity finance during their developmental stages before the onset of Covid-19. The equity finance investors in our study include venture capital and growth finance funds (both domestic and foreign), crowd funding platforms, business angels, and government venture capital funds. We build on the resource-based view (RBV) and signalling theories to develop our hypotheses. We analyse the bankruptcy processes of companies during the Covid-19 period, comparing it to the pre-Covid period. We examine various characteristics of these firms, such as their investor type, deal history (including timing, magnitude, and duration), as well as a range of financial and non-financial factors. Furthermore, we identify the equity-backed companies that utilized policy interventions in the form of guaranteed loans. We gather details about the loan contracts, lenders, and instances of loan default. This study explores the relationship between bankruptcy and loan default in relation to the firm's characteristics, investor type, investment dimensions and financial constraints. The results provide valuable insights into the link between equity financing and venture survival during crises, with important implications for policy interventions. JEL classifications G12. G33. H81. L26

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How does government-backed finance affect SMEs’ crisis predictors?

Cited by 3 publications

References 80 publications

Islamic Finance Practices in Micro, Small, and Medium Enterprises in Indonesia: A Systematic Literature Review

Islamic Finance Practices in Micro, Small, and Medium Enterprises in Indonesia: A Systematic Literature Review

Analysis of the Performance of the Sub-District Government in Public Services in Lamuru Sub-District, Bone Regency

Venture Capital and the Survival of Entrepreneurial Firms in Crisis Periods: The Case of Covid-19.

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