TY  - BOOK
AU  - Boocock,Grahame
AU  - Shariff,Mohd Noor Mohd
TI  - Measuring the effectiveness of credit guarantee schemes: evidence from Malaysia
SN  - 02662426
AV  - HD2341.167 
PY  - 2005///
CY  - London
PB  - Sage
KW  - Credit rationing
KW  - Economic additionality
KW  - Finance additionality
KW  - Guarantee schemes
N2  - Governments across the globe are increasingly utilizing credit guarantee schemes to support SMEs. This article fills a gap in the academic literature for developing countries by reviewing the effectiveness of the New Principal Guarantee Scheme (NPGS) offered by the Credit Guarantee Corporation (CGC) in Malaysia. Using a variety of research methods, the authors investigate whether the CGC has achieved its objectives of generating finance and economic additionality without placing its financial resources under undue strain or jeopardizing its relationships with participating financial institutions. It is almost impossible to establish ‘definitive’ measures of additionality yet our findings provide sufficient evidence to demonstrate that the CGC is not meeting all of its objectives. The authors put forward an integrated package of measures designed to enhance the effectiveness of the NPGS
UR  - https://doi.org/10.1177/0266242605054054
ER  -