The Impact of Government-Backed Financing Guarantee Programs on Employment in SMEs: Evidence from China

Shihao Chen; Guangwei Liu; Mingxin Zhang

doi:10.2991/978-94-6463-527-0_7

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The Impact of Government-Backed Financing Guarantee Programs on Employment in SMEs: Evidence from China

Authors

Shihao Chen¹, Guangwei Liu², Mingxin Zhang³^{, *}

¹School of Finance, Zhejiang Gongshang University, Hangzhou, 310018, China

²School of Digital Science, Shanghai Lida University, Shanghai, 201608, China

³Tailong Finance School, Zhejiang Gongshang University, Hangzhou, 310018, China

^*Corresponding author. Email: sh_zmx@163.com

Corresponding Author

Mingxin Zhang

Available Online 28 September 2024.

DOI: 10.2991/978-94-6463-527-0_7 How to use a DOI?
Keywords: Government-Backed Financing Guarantee; Employment; Inclusive Finance
Abstract: The study investigates the effect of Government-Backed Financing Guarantees (GFGs) on employment within small and medium-sized enterprises (SMEs), drawing on data from the Zhejiang Guarantee Group and non-publicly traded SMEs in China. Results indicate a substantial positive impact of GFG programs on SME employment, with notably pronounced benefits for private firms. Furthermore, the analysis confirms that GFGs bolster employment rates in firms by easing financial constraints and increasing firm revenues.
Copyright: © 2024 The Author(s)
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title: Proceedings of the SSEME workshop on Economics and Management (SSEME-EM 2024)
Series: Advances in Economics, Business and Management Research
Publication Date: 28 September 2024
ISBN: 978-94-6463-527-0
ISSN: 2352-5428
DOI: 10.2991/978-94-6463-527-0_7 How to use a DOI?
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

ris enw bib

TY  - CONF
AU  - Shihao Chen
AU  - Guangwei Liu
AU  - Mingxin Zhang
PY  - 2024
DA  - 2024/09/28
TI  - The Impact of Government-Backed Financing Guarantee Programs on Employment in SMEs: Evidence from China
BT  - Proceedings of the SSEME workshop on Economics and Management (SSEME-EM 2024)
PB  - Atlantis Press
SP  - 63
EP  - 71
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-527-0_7
DO  - 10.2991/978-94-6463-527-0_7
ID  - Chen2024
ER  -

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