Forthcoming and Online First Articles

International Journal of Globalisation and Small Business

International Journal of Globalisation and Small Business (IJGSB)

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International Journal of Globalisation and Small Business (1 paper in press)

Regular Issues

  • SMEs’ loan guarantee schemes: a systematic literature review   Order a copy of this article
    by Georgios L. Thanasas, Andreas G. Koutoupis, Nektarios A. Karapanagiotis, Fragiskos K. Gonidakis, Leonidas G. Davidopoulos 
    Abstract: This study aims to systematically review the literature on loan guarantee schemes and examines three research questions: “What are the key features of the literature on loan guarantee schemes?”, “What are the tools, theory and themes emerged in loan guarantee schemes literature?” and “What are the avenues of future research on loan guarantee schemes?”. We employ eight criteria to answer the above research questions. Avenues of future research emerge from the analysis of the research questions above as well as the proposals of the reviewed articles. We conclude that most studies analyze one country (developed countries) with the use of qualitative tools. Also, neoclassical theory is mostly used by researchers and policy makers to explain empirical observations and form policies. Further, there is rather inconclusive evidence on the relative value of loan guarantee schemes regarding firms’ performance. Future research could re-examine theoretical lens and methods.
    Keywords: SME; small and medium enterprise; loan guarantee schemes; credit rationing; entrepreneurship; financial risk.