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Papers by Nir Ben-Aharon
Journal of Economics and Finance
The study examines the Israeli Government Loans for SMEs in 2015. Our findings are based on thre... more The study examines the Israeli Government Loans for SMEs in 2015. Our findings are based on three surveys. A business survey of 384 businesses that were granted a Government loan, a business survey of 99 businesses that were granted loans but decided not to take them and a survey of 50 loan consultants who advised those businesses about their eligibility and the Terms and Conditions of the loans. We tested Loan Adjusted Additionality and Loan Baseline Additionality and found that 53% of loans taken from the Government Loans Foundation (GLF) are additional loans. SMEs would not have taken a loan, or any part of one, if not for the Government Loans Foundation Scheme. Our contribution to the literature is by including Indirect Additionality, demonstrating the importance of the GLF Scheme, not only by assisting SMEs in their financial planning and growth but also, by signalling early stage business resilience, reducing the risks for commercial banks through regulated, financial due dil...
Environmental innovation enables breaking the common linkages between industrial growth and envir... more Environmental innovation enables breaking the common linkages between industrial growth and environmental impacts. Such decoupling is essential since the world's carrying capacity for absorbing environmental waste is limited. In many cases, the social benefits of innovation do not reflect the firm's interests, and thus the private incentive to adopt innovative environmental solutions may be low or non-existent. The market failure that results from the divergence between private interests and social optimization warrants policy interventions that encourage innovation. Such policies should account for the social costs and benefits as well as the factors that influence decision-making by industrial firms. The contribution of environmental regulations to technological innovation has been widely discussed during the last two decades (Jaffe et al., 1995, 2002). On the one hand, strict "command and control" regulations have an important role in the promotion of environmental technology change and innovation (Ashford 2002). The justification for this approach is that regulations impose higher compliance costs to industry and higher compliance costs drive environmental innovation (Brunnermeier & Cohen, 2003). But, on the other hand, many researchers also view the consensus between the regulators and the industry as very important for technology transfer and innovation and the need for flexible regulations rather than direct regulations
Journal of Economics and Finance
The study examines the Israeli Government Loans for SMEs in 2015. Our findings are based on thre... more The study examines the Israeli Government Loans for SMEs in 2015. Our findings are based on three surveys. A business survey of 384 businesses that were granted a Government loan, a business survey of 99 businesses that were granted loans but decided not to take them and a survey of 50 loan consultants who advised those businesses about their eligibility and the Terms and Conditions of the loans. We tested Loan Adjusted Additionality and Loan Baseline Additionality and found that 53% of loans taken from the Government Loans Foundation (GLF) are additional loans. SMEs would not have taken a loan, or any part of one, if not for the Government Loans Foundation Scheme. Our contribution to the literature is by including Indirect Additionality, demonstrating the importance of the GLF Scheme, not only by assisting SMEs in their financial planning and growth but also, by signalling early stage business resilience, reducing the risks for commercial banks through regulated, financial due dil...
Environmental innovation enables breaking the common linkages between industrial growth and envir... more Environmental innovation enables breaking the common linkages between industrial growth and environmental impacts. Such decoupling is essential since the world's carrying capacity for absorbing environmental waste is limited. In many cases, the social benefits of innovation do not reflect the firm's interests, and thus the private incentive to adopt innovative environmental solutions may be low or non-existent. The market failure that results from the divergence between private interests and social optimization warrants policy interventions that encourage innovation. Such policies should account for the social costs and benefits as well as the factors that influence decision-making by industrial firms. The contribution of environmental regulations to technological innovation has been widely discussed during the last two decades (Jaffe et al., 1995, 2002). On the one hand, strict "command and control" regulations have an important role in the promotion of environmental technology change and innovation (Ashford 2002). The justification for this approach is that regulations impose higher compliance costs to industry and higher compliance costs drive environmental innovation (Brunnermeier & Cohen, 2003). But, on the other hand, many researchers also view the consensus between the regulators and the industry as very important for technology transfer and innovation and the need for flexible regulations rather than direct regulations