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http://dx.doi.org/10.5351/KJAS.2016.29.2.389

Financial performance analysis of guaranteed firms using propensity scores  

Nam, Joo-Ha (School of Economics, Sogang University)
Kim, Jung-Ryol (Department of Economics, Hansung University)
Noh, Maengseok (Department of Statistics, Pukyong National University)
Publication Information
The Korean Journal of Applied Statistics / v.29, no.2, 2016 , pp. 389-398 More about this Journal
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;
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