RETRACTED: Unlocking SME growth: Analyzing the government subsidies' impact on financing in China.

ABSTRACT: Small and medium-sized enterprises (SMEs) were an important part of China's economy, but they faced challenges to growth due to financing difficulties. Government subsidies are considered as a potential way to address this problem. This study aims to assess the effectiveness of the Chinese government's subsidy program aimed at improving the accessibility of financing for SMEs. We analyze a comprehensive dataset of Chinese firms' subsidy programs from 2011 to 2020. We classify subsidies into unconditional and conditional categories and use fixed-effects regression models to control for the effects of time and between-group variation to more accurately assess the effectiveness of government subsidies. In addition, we use a PSM-DID model to reduce the effect of selectivity bias to more accura

SUBMITTER: Sun W 

PROVIDER: S-EPMC11309496 | biostudies-literature | 2024

REPOSITORIES: biostudies-literature