Loan and Guarantee Funds. Development – Performance – Stability
Loan and Guarantee Funds. Development – Performance – Stability

Author(s): Halina Waniak-Michalak, Jan Michalak, Maciej Turała
Subject(s): Economy, Financial Markets, Public Finances
Published by: Wydawnictwo Uniwersytetu Łódzkiego
Keywords: capital gap; loan and guarantee funds; support of small and medium enterprises; transformation in Poland; public finance; corporate finance
Summary/Abstract: The monograph is scientifically valuable, innovative and brings the high potential for application. The discussed topics are up to date and significant for both theory and economic practice. The literature review presented herein is of high academic quality, as is the rich empirical part which covers the stages of development of loan and guarantee funds, provides a comparison of their functioning in different countries and analyses their financial standing in the context of regional development.The monograph may be addressed to representatives of the economic practice as well as academics, in particular those specialising in public finance, local government finance, accounting and management of corporate finance.All in all, it is a valuable publication, not only on the Polish publishing market.

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