Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises

Autores
Cardone Riportella, Clara; Trujillo Ponce, Antonio; Briozzo, Anahi Eugenia
Año de publicación
2013
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
This paper analyzes the impact of the guarantee provided by mutual guarantee societies (MGSs) on the risk premium that banks should charge for small- and medium-sized enterprise (SME) loans under the new Basel Capital Accords (Basel II and III). We also examine whether the foreseeable decrease in the theoretical credit risk premium would be compensated by the cost of the MGS guarantee. To do so, we develop a rating system for SMEs that uses a large sample of Spanish firms over the period from 2005 to 2009. We find that the final effect of the guarantee on the SME risk premium depends on the values taken by the credit variables of the MGS (essentially, the probability of default).
Fil: Cardone Riportella, Clara. Universidad Pablo de Olavide; España
Fil: Trujillo Ponce, Antonio. Universidad Pablo de Olavide; España
Fil: Briozzo, Anahi Eugenia. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; Argentina. Consejo Nacional de Investigaciones Cientí­ficas y Técnicas. Centro Científico Tecnológico - CONICET - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur; Argentina
Materia
BANK CAPITAL REQUIREMENTS
BANK FINANCING
CREDIT RISK MITIGATION
MUTUAL GUARANTEE SOCIETIES
SMALL BUSINESSES
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/2048
Acceder
id CONICETDig_ce69e4d627bada23c9a1d49e0a6f0102
oai_identifier_str oai:ri.conicet.gov.ar:11336/2048
network_acronym_str CONICETDig
repository_id_str 3498
network_name_str CONICET Digital (CONICET)
spelling Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprisesCardone Riportella, ClaraTrujillo Ponce, AntonioBriozzo, Anahi EugeniaBANK CAPITAL REQUIREMENTSBANK FINANCINGCREDIT RISK MITIGATIONMUTUAL GUARANTEE SOCIETIESSMALL BUSINESSEShttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5This paper analyzes the impact of the guarantee provided by mutual guarantee societies (MGSs) on the risk premium that banks should charge for small- and medium-sized enterprise (SME) loans under the new Basel Capital Accords (Basel II and III). We also examine whether the foreseeable decrease in the theoretical credit risk premium would be compensated by the cost of the MGS guarantee. To do so, we develop a rating system for SMEs that uses a large sample of Spanish firms over the period from 2005 to 2009. We find that the final effect of the guarantee on the SME risk premium depends on the values taken by the credit variables of the MGS (essentially, the probability of default).Fil: Cardone Riportella, Clara. Universidad Pablo de Olavide; EspañaFil: Trujillo Ponce, Antonio. Universidad Pablo de Olavide; EspañaFil: Briozzo, Anahi Eugenia. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; Argentina. Consejo Nacional de Investigaciones Cientí­ficas y Técnicas. Centro Científico Tecnológico - CONICET - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur; ArgentinaRoutledge2013-06-10info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/2048Cardone Riportella, Clara; Trujillo Ponce, Antonio; Briozzo, Anahi Eugenia; Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises; Routledge; Journal of Economic Policy Reform; 16; 2; 10-6-2013; 142-1590950-08041748-7889enginfo:eu-repo/semantics/altIdentifier/url/http://www.tandfonline.com/doi/abs/10.1080/17487870.2013.801317?journalCode=gpre20info:eu-repo/semantics/altIdentifier/doi/10.1080/17487870.2013.801317info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-03T09:46:16Zoai:ri.conicet.gov.ar:11336/2048instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-03 09:46:17.204CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises
title Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises
spellingShingle Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises
Cardone Riportella, Clara
BANK CAPITAL REQUIREMENTS
BANK FINANCING
CREDIT RISK MITIGATION
MUTUAL GUARANTEE SOCIETIES
SMALL BUSINESSES
title_short Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises
title_full Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises
title_fullStr Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises
title_full_unstemmed Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises
title_sort Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises
dc.creator.none.fl_str_mv Cardone Riportella, Clara
Trujillo Ponce, Antonio
Briozzo, Anahi Eugenia
author Cardone Riportella, Clara
author_facet Cardone Riportella, Clara
Trujillo Ponce, Antonio
Briozzo, Anahi Eugenia
author_role author
author2 Trujillo Ponce, Antonio
Briozzo, Anahi Eugenia
author2_role author
author
dc.subject.none.fl_str_mv BANK CAPITAL REQUIREMENTS
BANK FINANCING
CREDIT RISK MITIGATION
MUTUAL GUARANTEE SOCIETIES
SMALL BUSINESSES
topic BANK CAPITAL REQUIREMENTS
BANK FINANCING
CREDIT RISK MITIGATION
MUTUAL GUARANTEE SOCIETIES
SMALL BUSINESSES
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv This paper analyzes the impact of the guarantee provided by mutual guarantee societies (MGSs) on the risk premium that banks should charge for small- and medium-sized enterprise (SME) loans under the new Basel Capital Accords (Basel II and III). We also examine whether the foreseeable decrease in the theoretical credit risk premium would be compensated by the cost of the MGS guarantee. To do so, we develop a rating system for SMEs that uses a large sample of Spanish firms over the period from 2005 to 2009. We find that the final effect of the guarantee on the SME risk premium depends on the values taken by the credit variables of the MGS (essentially, the probability of default).
Fil: Cardone Riportella, Clara. Universidad Pablo de Olavide; España
Fil: Trujillo Ponce, Antonio. Universidad Pablo de Olavide; España
Fil: Briozzo, Anahi Eugenia. Universidad Nacional del Sur. Departamento de Ciencias de la Administración; Argentina. Consejo Nacional de Investigaciones Cientí­ficas y Técnicas. Centro Científico Tecnológico - CONICET - Bahía Blanca. Instituto de Investigaciones Económicas y Sociales del Sur; Argentina
description This paper analyzes the impact of the guarantee provided by mutual guarantee societies (MGSs) on the risk premium that banks should charge for small- and medium-sized enterprise (SME) loans under the new Basel Capital Accords (Basel II and III). We also examine whether the foreseeable decrease in the theoretical credit risk premium would be compensated by the cost of the MGS guarantee. To do so, we develop a rating system for SMEs that uses a large sample of Spanish firms over the period from 2005 to 2009. We find that the final effect of the guarantee on the SME risk premium depends on the values taken by the credit variables of the MGS (essentially, the probability of default).
publishDate 2013
dc.date.none.fl_str_mv 2013-06-10
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/2048
Cardone Riportella, Clara; Trujillo Ponce, Antonio; Briozzo, Anahi Eugenia; Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises; Routledge; Journal of Economic Policy Reform; 16; 2; 10-6-2013; 142-159
0950-0804
1748-7889
url http://hdl.handle.net/11336/2048
identifier_str_mv Cardone Riportella, Clara; Trujillo Ponce, Antonio; Briozzo, Anahi Eugenia; Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises; Routledge; Journal of Economic Policy Reform; 16; 2; 10-6-2013; 142-159
0950-0804
1748-7889
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/http://www.tandfonline.com/doi/abs/10.1080/17487870.2013.801317?journalCode=gpre20
info:eu-repo/semantics/altIdentifier/doi/10.1080/17487870.2013.801317
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Routledge
publisher.none.fl_str_mv Routledge
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
_version_ 1842268783453929472
score 13.13397

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