Italian mutual guarantee funds and SME access to credit

Giorgio Calacgnini ()
Additional contact information
Giorgio Calacgnini: Professore di Economia politica presso il Dipartimento di Economia, Società , Politica dell’Università di Urbino Carlo Bo
Authors registered in the RePEc Author Service: Giorgio Calcagnini

Argomenti, 2018, vol. 9, issue 9, 1-16

Abstract: This article is based on the annual report of Federcofidi and analyzes the role of a sample of Italian mutual guarantee funds (confidi) in favoring SMEs to access bank credit. In particular, it analyzes the confidi efficacy and efficiency. It shows that, in recent years, SMEs that received individual guarantees by a confidi have a higher likelihood of obtaining bank loans. However, the confidi guarantees are still too much costly and, in many cases, do not generate enough income to cover the costs borne by the confidi.

Keywords: Mutual guarantee funds; SMEs; bank guarantees. (search for similar items in EconPapers)
JEL-codes: D22 G1 G2 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.econ.uniurb.it/RePEc/urb/journl/1337-6114-1-PB.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:urb:journl:v:9:y:2018:p:1-16

DOI: 10.14276/1971-8357.1337

Access Statistics for this article

More articles in Argomenti from University of Urbino Carlo Bo, Department of Economics, Society & Politics Contact information at EDIRC.
Bibliographic data for series maintained by Carmela Nicoletti ().