Credit Guarantee and the Impact in Financial Structure of the Portuguese SMEs
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , |
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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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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1799136370426380288 |