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Government financial assistance as catalyst for private financing

Bakhtiari, Sasan

Description

This paper investigates whether financial assistance from Australian state and federal governments to firms facilitates access to external financing. Findings show that government assistance affects firms through increasing their propensity to seek financing and further by increasing their propensity to obtain the financing. The former is the larger effect. Besides, the largest additionality accrues to small and innovative firms. Magnitude of the effect also changes with the form and the number...[Show more]

CollectionsANU Research Publications
Date published: 2021
Type: Journal article
URI: http://hdl.handle.net/1885/298846
Source: International Review of Economics and Finance
DOI: 10.1016/j.iref.2020.11.003

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