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

dc.contributor.authorDuarte, Filipe A. P.
dc.contributor.authorRodrigues, Luís Fernandes
dc.contributor.authorMadeira, Maria Jose
dc.date.accessioned2019-02-12T15:31:38Z
dc.date.available2019-02-12T15:31:38Z
dc.date.issued2018
dc.description.abstractThe 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.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationDuarte, 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 1537-1506pt_PT
dc.identifier.doi10.17265/1537-1506/2018.04.003pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.6/6871
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectFinancingpt_PT
dc.subjectCreditpt_PT
dc.subjectCapital Structurept_PT
dc.subjectGuaranteespt_PT
dc.subjectSMEspt_PT
dc.titleCredit Guarantee and the Impact in Financial Structure of the Portuguese SMEspt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/5876/UID%2FSOC%2F04020%2F2013/PT
oaire.citation.issue4pt_PT
oaire.citation.titleChinese Business Reviewpt_PT
oaire.citation.volume17pt_PT
oaire.fundingStream5876
person.familyNameJosé Aguilar Madeira
person.givenNameMaria
person.identifier.ciencia-id4211-4535-C1BA
person.identifier.orcid0000-0003-1722-6148
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication81a9e0da-d541-444c-8dd8-1240679d096a
relation.isAuthorOfPublication.latestForDiscovery81a9e0da-d541-444c-8dd8-1240679d096a
relation.isProjectOfPublication015ea6ce-6149-48fc-b7ff-a73b9a9bdb18
relation.isProjectOfPublication.latestForDiscovery015ea6ce-6149-48fc-b7ff-a73b9a9bdb18

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