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Roles of the Public Credit Guarantee System and Regional Financial Institutions in Supporting Startup Firms: Evidence from a Survey by the Aichi Credit Guarantee Corporation

  • Nobuyoshi YamoriEmail author
  • Masao Ojima
Chapter
  • 102 Downloads
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Abstract

In cooperation with the Aichi Credit Guarantee Corporation, we sent a questionnaire to 3,988 startup companies whose loans are guaranteed by the Corporation. We conducted this survey in September 2017 and received responses from 967 companies. Based on this questionnaire survey, this chapter examines the way that credit guarantees support the foundation and growth of startups. It confirms that companies using credit guarantees are expanding employment. But various complaints about the use of credit guarantees remain and it is necessary to eliminate such discontent and make guarantees easier to use. In addition, it is hoped that public support will be provided through credit guarantees at the startup period when risks are large, and that financing by private financial institutions will become dominant as startups grow. Unfortunately, some private financial institutions have not taken sufficient care of guaranteed borrowers. Many improvements are still needed in this respect.

Keywords

Startup Credit guarantee Regional financial institutions 

References

  1. Uchida H (2017) Grasping the whole picture of startup firms and the status of startup finance in Japan. The Kokumin Keizai Zasshi (Journal of Economics and Business Administration) 216(5):1–21 (in Japanese)Google Scholar
  2. Yamori N, Ojima M (2019)The role of public credit guarantee corporations in supporting startup firms: based on the questionnaire survey conducted by Aichi Guarantee. The Kokumin Keizai Zasshi (Journal of Economics and Business Administration) 219(5):1–19 (in Japanese)Google Scholar

Copyright information

© The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.Research Institute for Economics & Business AdministrationKobe UniversityKobeJapan
  2. 2.Research Institute for Economics & Business AdministrationKobe UniversityKobeJapan

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