摘要：We apply propensity-score matching (PSM) in order to qualify the efficiency of SME bankruptcy's preventive rescueplan in a European perspective. PSM has a number of comparative advantages in such analysis, including the need toallow for heterogeneous impacts, while optimally weighting observed characteristics when forming a comparisongroup. The results show that firms asking for a rescue plan register 5.2% higher chance to survive compared to similar(on some pre-settled characteristics) firms that do not. Deepening our analysis to the specific case of COSMEProgramme's leading countries, our results show that these countries outperforms Europe, with a SMEs getting 7.7%more chance to remain active.
关键词：Bankruptcy; Prevention; European Data; PSM; Rescue Plan
