Government-backed loan guarantee schemes for small and medium-sized enterprises: An evaluation of the credit guarantee corporation in Malaysia
Governmen t-backed loan schemes have been introduced in many countries to enable small and medium-sized enterprises (SMEs) to have access to funding at a reasonable cost. This paper evaluates the schemes offered in Malaysia by the Credit Guarantee Corporation (CGC). The introduction emphasises the i...
| Main Authors: | , |
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| Format: | Book |
| Language: | English |
| Published: |
Loughborough University Banking Centre, Loughborough University
1995
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| Online Access: | https://repo.uum.edu.my/id/eprint/3560/1/M.pdf |
| _version_ | 1803624684219006976 |
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| author | Boocock, Grahame Mohd Shariff, Mohd Noor |
| author_facet | Boocock, Grahame Mohd Shariff, Mohd Noor |
| author_sort | Boocock, Grahame |
| collection | UUM |
| description | Governmen t-backed loan schemes have been introduced in many countries to enable small and medium-sized enterprises (SMEs) to have access to funding at a reasonable cost. This paper evaluates the schemes offered in Malaysia by the Credit Guarantee Corporation (CGC). The introduction emphasises the importance placed on the SME sector in achieving fully-industrial ised status for Malaysia, and highlights the fact that the CGC has been charged with a critical role in assisting SMEs. The paper then describes the operation of the CGC and its place within the spectrum offinance aimed at SMEs, before presenting thefindings of an empirical review. Three kzy areas are explored: the
relationship between smallfirms, banks and the CGC; the level offinance additionality in evidence; and the level of economic additionality generated. In each of these areas, the CGC's effectiveness in meeting the needs of SMEs, banks and the wider economy appears to have been limited.The paper then describes a radical new Scheme introduced by the CGC and assesses whether this Schenre will enable the CGC to achieve its objectives, notably a greater degree offinance and economic additionality. Finally, the implications of the CGC's experience for other developing countries are briefly summarised. |
| first_indexed | 2024-07-04T05:22:17Z |
| format | Book |
| id | uum-3560 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:22:17Z |
| publishDate | 1995 |
| publisher | Loughborough University Banking Centre, Loughborough University |
| record_format | dspace |
| spelling | uum-35602020-11-02T07:44:36Z https://repo.uum.edu.my/id/eprint/3560/ Government-backed loan guarantee schemes for small and medium-sized enterprises: An evaluation of the credit guarantee corporation in Malaysia Boocock, Grahame Mohd Shariff, Mohd Noor HG Finance Governmen t-backed loan schemes have been introduced in many countries to enable small and medium-sized enterprises (SMEs) to have access to funding at a reasonable cost. This paper evaluates the schemes offered in Malaysia by the Credit Guarantee Corporation (CGC). The introduction emphasises the importance placed on the SME sector in achieving fully-industrial ised status for Malaysia, and highlights the fact that the CGC has been charged with a critical role in assisting SMEs. The paper then describes the operation of the CGC and its place within the spectrum offinance aimed at SMEs, before presenting thefindings of an empirical review. Three kzy areas are explored: the relationship between smallfirms, banks and the CGC; the level offinance additionality in evidence; and the level of economic additionality generated. In each of these areas, the CGC's effectiveness in meeting the needs of SMEs, banks and the wider economy appears to have been limited.The paper then describes a radical new Scheme introduced by the CGC and assesses whether this Schenre will enable the CGC to achieve its objectives, notably a greater degree offinance and economic additionality. Finally, the implications of the CGC's experience for other developing countries are briefly summarised. Loughborough University Banking Centre, Loughborough University 1995-11 Book PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/3560/1/M.pdf Boocock, Grahame and Mohd Shariff, Mohd Noor (1995) Government-backed loan guarantee schemes for small and medium-sized enterprises: An evaluation of the credit guarantee corporation in Malaysia. Loughborough University Banking Centre Research Paper (94/95). Loughborough University Banking Centre, Loughborough University, Loughborough. ISBN 1899275134 |
| spellingShingle | HG Finance Boocock, Grahame Mohd Shariff, Mohd Noor Government-backed loan guarantee schemes for small and medium-sized enterprises: An evaluation of the credit guarantee corporation in Malaysia |
| title | Government-backed loan guarantee schemes for small and medium-sized enterprises: An evaluation of the credit guarantee corporation in Malaysia |
| title_full | Government-backed loan guarantee schemes for small and medium-sized enterprises: An evaluation of the credit guarantee corporation in Malaysia |
| title_fullStr | Government-backed loan guarantee schemes for small and medium-sized enterprises: An evaluation of the credit guarantee corporation in Malaysia |
| title_full_unstemmed | Government-backed loan guarantee schemes for small and medium-sized enterprises: An evaluation of the credit guarantee corporation in Malaysia |
| title_short | Government-backed loan guarantee schemes for small and medium-sized enterprises: An evaluation of the credit guarantee corporation in Malaysia |
| title_sort | government backed loan guarantee schemes for small and medium sized enterprises an evaluation of the credit guarantee corporation in malaysia |
| topic | HG Finance |
| url | https://repo.uum.edu.my/id/eprint/3560/1/M.pdf |
| work_keys_str_mv | AT boocockgrahame governmentbackedloanguaranteeschemesforsmallandmediumsizedenterprisesanevaluationofthecreditguaranteecorporationinmalaysia AT mohdshariffmohdnoor governmentbackedloanguaranteeschemesforsmallandmediumsizedenterprisesanevaluationofthecreditguaranteecorporationinmalaysia |