Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEs

Detalhes bibliográficos
Autor(a) principal: Duarte, Filipe A. P.
Data de Publicação: 2018
Outros Autores: Rodrigues, Luís Fernandes, Madeira, Maria Jose
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.6/6871
Resumo: The aim of this work is to show the relevance of guarantees provided by the Mutual Credit Guarantee System (MCGS - the Portuguese Society of Credit Guarantee SPGM) as an instrument used in the financing of SMEs, especially in restructuring long-term debt (LTD) and bank loans. The study provides empirical evidence and puts forward an explanatory model of the influence of the mutual credit guarantees on the financing of SMEs. The results obtained show that long-term debt (LTD) financing is positively influenced by the guarantees provided by the MCGS to SMEs as it allows greater debt capacity, especially in the medium and long term, for firms that usually cannot obtain this type of financing. The results also suggest that this type of guarantees creates an environment of confidence among all stakeholders involved.
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spelling Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEsFinancingCreditCapital StructureGuaranteesSMEsThe aim of this work is to show the relevance of guarantees provided by the Mutual Credit Guarantee System (MCGS - the Portuguese Society of Credit Guarantee SPGM) as an instrument used in the financing of SMEs, especially in restructuring long-term debt (LTD) and bank loans. The study provides empirical evidence and puts forward an explanatory model of the influence of the mutual credit guarantees on the financing of SMEs. The results obtained show that long-term debt (LTD) financing is positively influenced by the guarantees provided by the MCGS to SMEs as it allows greater debt capacity, especially in the medium and long term, for firms that usually cannot obtain this type of financing. The results also suggest that this type of guarantees creates an environment of confidence among all stakeholders involved.uBibliorumDuarte, Filipe A. P.Rodrigues, Luís FernandesMadeira, Maria Jose2019-02-12T15:31:38Z20182018-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.6/6871engDuarte, F. AP; Rodrigues, L.; Madeira, M. J., (2018). ”Credit Guarantee and the impact in financial structure of the Portuguese SME’s”, Chinese Business Review. Vol. 17, N 4, pp 179-190. https:// doi: 10.17265/1537-1506/2018.04.003 ISSN 1537-150610.17265/1537-1506/2018.04.003info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-12-15T09:45:47Zoai:ubibliorum.ubi.pt:10400.6/6871Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:47:31.007304Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEs
title Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEs
spellingShingle Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEs
Duarte, Filipe A. P.
Financing
Credit
Capital Structure
Guarantees
SMEs
title_short Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEs
title_full Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEs
title_fullStr Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEs
title_full_unstemmed Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEs
title_sort Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEs
author Duarte, Filipe A. P.
author_facet Duarte, Filipe A. P.
Rodrigues, Luís Fernandes
Madeira, Maria Jose
author_role author
author2 Rodrigues, Luís Fernandes
Madeira, Maria Jose
author2_role author
author
dc.contributor.none.fl_str_mv uBibliorum
dc.contributor.author.fl_str_mv Duarte, Filipe A. P.
Rodrigues, Luís Fernandes
Madeira, Maria Jose
dc.subject.por.fl_str_mv Financing
Credit
Capital Structure
Guarantees
SMEs
topic Financing
Credit
Capital Structure
Guarantees
SMEs
description The aim of this work is to show the relevance of guarantees provided by the Mutual Credit Guarantee System (MCGS - the Portuguese Society of Credit Guarantee SPGM) as an instrument used in the financing of SMEs, especially in restructuring long-term debt (LTD) and bank loans. The study provides empirical evidence and puts forward an explanatory model of the influence of the mutual credit guarantees on the financing of SMEs. The results obtained show that long-term debt (LTD) financing is positively influenced by the guarantees provided by the MCGS to SMEs as it allows greater debt capacity, especially in the medium and long term, for firms that usually cannot obtain this type of financing. The results also suggest that this type of guarantees creates an environment of confidence among all stakeholders involved.
publishDate 2018
dc.date.none.fl_str_mv 2018
2018-01-01T00:00:00Z
2019-02-12T15:31:38Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.6/6871
url http://hdl.handle.net/10400.6/6871
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Duarte, F. AP; Rodrigues, L.; Madeira, M. J., (2018). ”Credit Guarantee and the impact in financial structure of the Portuguese SME’s”, Chinese Business Review. Vol. 17, N 4, pp 179-190. https:// doi: 10.17265/1537-1506/2018.04.003 ISSN 1537-1506
10.17265/1537-1506/2018.04.003
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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