Measuring the importance of the National Guarantees Fund in the mobilization of credit to SMEs

JA Castillo Bonilla, LE Girón - Estudios Gerenciales, 2014 - scielo.org.co
Estudios Gerenciales, 2014scielo.org.co
… 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 …
Abstract
CASTILLO BONILLA, José Augusto and GIRON, Luis Eduardo. Measuring the importance of the National Guarantees Fund in the mobilization of credit to SMEs. estud. gerenc.[online]. 2014, vol. 30, n. 130, pp. 18-24. ISSN 0123-5923.
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