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Financial performance analysis of guaranteed firms using propensity scores
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 Title & Authors
Financial performance analysis of guaranteed firms using propensity scores
Nam, Joo-Ha; Kim, Jung-Ryol; Noh, Maengseok;
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 Abstract
In this paper, we examine the financial performance of credit guarantee programs. We compared financial performance of guaranteed firms of KODIT and non-guaranteed firms. The of covariate adjusted propensity score method is used because a selection bias problem could occur if t-test or regression analysis were used. The results show that a credit guarantee program enhances the financial performance of beneficiary firms.
 Keywords
credit guarantee;selection bias;performance measurement;propensity score;
 Language
Korean
 Cited by
 References
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