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Economic Perspectives, Vol. 20, 3rd, No. 5, September 1996
Performance and Access to Government Guarantees: The Case of Small Business Investment Companies

This article analyzes the performance of small business investment companies (SBICs) that are chartered and regulated by the Small Business Administration (SBA). Our principal finding is that poor performance over performan over the 1986-91 period is associated with high usage of funds from the SBA.

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