중소기업 신용보증기금 운용에 대한 연구

Many researches conclude that the small businesses need to be supported by the public financing for the risk-effective sustainability on the regional economic performance. Some critiques, however, argues that the reason for the acceptable performance, may come from the methodological bias, instead of the empirical contents or theory itself. It is not enough to say that something is better than nothing for the marginally risky business in terms of the sustainability of the policy. Thus, the objective of the research is to analyze whether the public financing support such as credit guarantee is sustainable by the risk-effectiveness in practice. The empirical result shows the public financing pitfall by the ‘consultocracy’ of negative effect and thus it requires the innovation not of the system, but of the governance.