Article

The effects of mutual guarantee societies on the SME¿s debt

Journal ar
Universia Business Review
  • Volumen: 2016
  • Número: 50
  • Fecha: 01 January 2016
  • Páginas: 38-71
  • ISSN: 16985117
  • Source Type: Journal
  • DOI: 10.3232/UBR.2016.V13.N2.02
  • Document Type: Article
  • Publisher: Universia Holding
© 2016, Universia Business Review. All rights reserved.The aim of this paper is to analyze the effect of a guarantee received from a Mutual Guarantee Society on the cost and availability of credit for small and medium sized enterprises. A sample of SMEs that were guaranteed in 2010 is analyzed. The results show that, in general, SMEs that obtained financing guaranteed by a Mutual Guarantee Society enjoy greater access to bank financing than those not financed in this manner.

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