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

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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 i...

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Autores principales:	Cardone-Riportella, Clara Laura, Trujillo Ponce, Antonio, Briozzo, Anahí Eugenia
Lenguaje:	Inglés
Publicado:	2018
Materias:	bank capital requirements bank financing credit risk mitigation mutual guarantee societies small businesses
Acceso en línea:	http://repositoriodigital.uns.edu.ar/handle/123456789/4412
Aporte de:	Repositorio Institucional Universidad Nacional del Sur (UNS) de Universidad Nacional del Sur

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spelling	I20-R126-123456789-44122024-10-24T22:03:17Z Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises Cardone-Riportella, Clara Laura Trujillo Ponce, Antonio Briozzo, Anahí Eugenia bank capital requirements bank financing credit risk mitigation mutual guarantee societies small businesses 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). 2018-10-30T21:28:28Z 2018-10-30T21:28:28Z 2013 http://repositoriodigital.uns.edu.ar/handle/123456789/4412 eng Atribución – No Comercial – Sin Obra Derivada (BY-NC-ND) No se permite un uso comercial de la obra original ni la generación de obras derivadas. Esta licencia no es una licencia libre, y es la más cercana al derecho de autor tradicional. https://creativecommons.org/licenses/by-nc-nd/2.5/ application/pdf 18 págs. application/pdf
institution	Universidad Nacional del Sur
institution_str	I-20
repository_str	R-126
collection	Repositorio Institucional Universidad Nacional del Sur (UNS)
language	Inglés
topic	bank capital requirements bank financing credit risk mitigation mutual guarantee societies small businesses
spellingShingle	bank capital requirements bank financing credit risk mitigation mutual guarantee societies small businesses Cardone-Riportella, Clara Laura Trujillo Ponce, Antonio Briozzo, Anahí Eugenia Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises
topic_facet	bank capital requirements bank financing credit risk mitigation mutual guarantee societies small businesses
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).
author	Cardone-Riportella, Clara Laura Trujillo Ponce, Antonio Briozzo, Anahí Eugenia
author_facet	Cardone-Riportella, Clara Laura Trujillo Ponce, Antonio Briozzo, Anahí Eugenia
author_sort	Cardone-Riportella, Clara Laura
title	Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises
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
publishDate	2018
url	http://repositoriodigital.uns.edu.ar/handle/123456789/4412
work_keys_str_mv	AT cardoneriportellaclaralaura analyzingtheroleofmutualguaranteesocietiesonbankcapitalrequirementsforsmallandmediumsizedenterprises AT trujilloponceantonio analyzingtheroleofmutualguaranteesocietiesonbankcapitalrequirementsforsmallandmediumsizedenterprises AT briozzoanahieugenia analyzingtheroleofmutualguaranteesocietiesonbankcapitalrequirementsforsmallandmediumsizedenterprises
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Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises

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