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Library/Entrepreneurial finance and credit guarantees

F7FT50

The labor market effects of loan guarantee programs

Barrot, J.-N., Martin, T., Sauvagnat, J., & Vallée, B. (2024)

Review of Financial Studies, 37(8), 2315-2354

French SME loan guarantees in the financial crisis, border discontinuity design. Positive employment and earnings effects, but dampened reallocation of workers to more productive firms, reducing aggregate productivity.

Sourcedoi:10.1093/rfs/hhae01445 citations (OpenAlex)

Full citation

Barrot, J.-N., Martin, T., Sauvagnat, J., & Vallée, B. (2024). The labor market effects of loan guarantee programs. Review of Financial Studies, 37(8), 2315-2354.

https://doi.org/10.1093/rfs/hhae014

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