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Credit guarantee schemes and their impact on SME lending: existing literature and research gaps

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  • Anke Valentin
  • Birgit Wolf

Abstract

Governments throughout the world have established credit guarantee schemes to mitigate credit restrictions to SMEs. The aim of those schemes is to encourage lenders to provide loans to small firms. Typically, credit guarantee schemes reduce the risk for the lender by guaranteeing to reimburse a part of the loan in case the borrower should default. This enables SMEs to get a loan that they otherwise would not have obtained. Empirical literature about whether credit guarantee schemes really help to overcome credit constraints is very scarce and existing results are rather vulnerable. This paper provides a critical overview about the current status of research and highlights existing research gaps. Based on these gaps an alternative research approach is derived. As additional research is needed to make a definite statement about the scheme's impact on lending to SMEs, adopting this approach may help to bridge the current research gap.

Suggested Citation

  • Anke Valentin & Birgit Wolf, 2013. "Credit guarantee schemes and their impact on SME lending: existing literature and research gaps," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 5(4), pages 391-405.
    • Handle: RePEc:ids:ijeven:v:5:y:2013:i:4:p:391-405
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    Cited by:

    1. Mahdiyeh Rezaei Chayjan & Tina Bagheri & Ahmad Kianian & Niloufar Ghafari Someh, 2022. "The optimisation of banking loan portfolio: a case of an Iranian commercial bank," International Journal of Financial Services Management, Inderscience Enterprises Ltd, vol. 11(3), pages 190-215.
    2. Grimsby, Gjermund, 2018. "Partly risky, partly solid – Performance study of public innovation loans," Research Policy, Elsevier, vol. 47(7), pages 1344-1365.

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