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The impact of government-supported participative loans on the growth of entrepreneurial ventures

Fabio Bertoni - No affiliation found

2019/02/01 Full-length article DOI: 10.1016/j.respol.2018.09.006 Journal: Research Policy

Abstract:

Highlights•1-million-Euro PL generates 12.1–14.7 jobs.•1-million-Euro PL generates 1.09–1.97 million Euro sales.•Effect increases with information asymmetry.•PLs increase employment (sales) growth by 10.6% (18.0%).•No evidence of spillovers or differences in survival.