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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]

dc.contributor.authorBakhtiari, Sasan
dc.date.accessioned2023-09-08T01:35:37Z
dc.identifier.issn1059-0560
dc.identifier.urihttp://hdl.handle.net/1885/298846
dc.description.abstractThis 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 of assistance packages received from the government. The findings suggest that government financial assistance can have much broader impact than just supplying firms with direct cash.
dc.format.mimetypeapplication/pdf
dc.language.isoen_AU
dc.publisherElsevier
dc.rightsCrown Copyright © 2020 Published by Elsevier Inc.
dc.sourceInternational Review of Economics and Finance
dc.subjectDebt financing
dc.subjectSmall business
dc.subjectEntrepreneurship
dc.subjectInnovation
dc.subjectPublic policy
dc.titleGovernment financial assistance as catalyst for private financing
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume72
dc.date.issued2021
local.identifier.absfor380114 - Public economics - publicly provided goods
local.identifier.ariespublicationa383154xPUB17271
local.publisher.urlhttps://www.elsevier.com/en-au
local.type.statusPublished Version
local.contributor.affiliationBakhtiari, Sasan, College of Asia and the Pacific, ANU
local.description.embargo2099-12-31
local.bibliographicCitation.startpage59
local.bibliographicCitation.lastpage78
local.identifier.doi10.1016/j.iref.2020.11.003
dc.date.updated2022-07-31T08:17:17Z
local.identifier.scopusID2-s2.0-85097404294
local.identifier.thomsonIDWOS:000620678100005
CollectionsANU Research Publications

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