Cuantificación de la importancia del Fondo Nacional de Garantías en la movilización de créditos a las pymes

José Augusto Castillo Bonilla; Luis Eduardo Girón

doi:10.1016/j.estger.2014.02.011

Cuantificación de la importancia del Fondo Nacional de Garantías en la movilización de créditos a las pymes

Translated title of the contribution: Measuring the importance of the National Guarantees Fund in the mobilization of credit to SMEs

José Augusto Castillo Bonilla, Luis Eduardo Girón

Pontificia Universidad Javeriana Cali

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

This paper claims to establish and measure the impact that the guarantee provided by the National Guarantees Fund (Fondo Nacional de Garantías) has on the flow of credit to Small and Medium Enterprise (SMEs). Based on information provided by Asobancaria, Superintendencia Financiera and the National Guarantees Fund for the period 2003: I to 2010: III, an econometric model was estimated using a dynamic ordinary least square estimation. The empirical results show that the guarantee given by the National Guarantees Fund influences in the volume of loans to the SMEs. However, its economic influence is not significant.

Translated title of the contribution	Measuring the importance of the National Guarantees Fund in the mobilization of credit to SMEs
Original language	Spanish
Pages (from-to)	18-24
Number of pages	7
Journal	Estudios Gerenciales
Volume	30
Issue number	130
DOIs	https://doi.org/10.1016/j.estger.2014.02.011
State	Published - 2014

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title = "Cuantificaci{\'o}n de la importancia del Fondo Nacional de Garant{\'i}as en la movilizaci{\'o}n de cr{\'e}ditos a las pymes",

abstract = "This paper claims to establish and measure the impact that the guarantee provided by the National Guarantees Fund (Fondo Nacional de Garant{\'i}as) has on the flow of credit to Small and Medium Enterprise (SMEs). Based on information provided by Asobancaria, Superintendencia Financiera and the National Guarantees Fund for the period 2003: I to 2010: III, an econometric model was estimated using a dynamic ordinary least square estimation. The empirical results show that the guarantee given by the National Guarantees Fund influences in the volume of loans to the SMEs. However, its economic influence is not significant.",

keywords = "Credit rationing, Dynamic ordinary least square, Information asymmetric, National Guarantees Fund, SMEs",

author = "Bonilla, \{Jos{\'e} Augusto Castillo\} and Gir{\'o}n, \{Luis Eduardo\}",

year = "2014",

doi = "10.1016/j.estger.2014.02.011",

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volume = "30",

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number = "130",

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TY - JOUR

T1 - Cuantificación de la importancia del Fondo Nacional de Garantías en la movilización de créditos a las pymes

AU - Bonilla, José Augusto Castillo

AU - Girón, Luis Eduardo

PY - 2014

Y1 - 2014

N2 - This paper claims to establish and measure the impact that the guarantee provided by the National Guarantees Fund (Fondo Nacional de Garantías) has on the flow of credit to Small and Medium Enterprise (SMEs). Based on information provided by Asobancaria, Superintendencia Financiera and the National Guarantees Fund for the period 2003: I to 2010: III, an econometric model was estimated using a dynamic ordinary least square estimation. The empirical results show that the guarantee given by the National Guarantees Fund influences in the volume of loans to the SMEs. However, its economic influence is not significant.

AB - This paper claims to establish and measure the impact that the guarantee provided by the National Guarantees Fund (Fondo Nacional de Garantías) has on the flow of credit to Small and Medium Enterprise (SMEs). Based on information provided by Asobancaria, Superintendencia Financiera and the National Guarantees Fund for the period 2003: I to 2010: III, an econometric model was estimated using a dynamic ordinary least square estimation. The empirical results show that the guarantee given by the National Guarantees Fund influences in the volume of loans to the SMEs. However, its economic influence is not significant.

KW - Credit rationing

KW - Dynamic ordinary least square

KW - Information asymmetric

KW - National Guarantees Fund

KW - SMEs

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DO - 10.1016/j.estger.2014.02.011

M3 - Artículo

AN - SCOPUS:85081638777

SN - 0123-5923

VL - 30

SP - 18

EP - 24

JO - Estudios Gerenciales

JF - Estudios Gerenciales

IS - 130

ER -

Cuantificación de la importancia del Fondo Nacional de Garantías en la movilización de créditos a las pymes

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