IDEAS home Printed from https://ideas.repec.org/a/ban/bancar/v11y2009mnovemberp48-69.html
   My bibliography  Save this article

A valuation method for the facilitated impact of State aid in the form of loan guarantee schemes

Author

Listed:
  • Eleonora Broccardo

    (Università di Trento)

Abstract

The aim of the paper is to assess the efficiency of public aid in form of a guarantee, given the Ec State aid law. A State aid element valuation method for guarantee schemes, which highlights the effect of State aid on credit risk mitigation and takes into account the criteria for Ec eligibility, has been first modelled and then tested on guarantee schemes to Smes Italian regional loan portfolios. The result is an efficient model of credit risk intermediation with the inclusion of State aid, which positively influences the facilitated lending relationship between enterprises, mutual guarantee societies, banks and the public sector.

Suggested Citation

  • Eleonora Broccardo, 2009. "A valuation method for the facilitated impact of State aid in the form of loan guarantee schemes," BANCARIA, Bancaria Editrice, vol. 11, pages 48-69, November.
  • Handle: RePEc:ban:bancar:v:11:y:2009:m:november:p:48-69
    as

    Download full text from publisher

    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/1969/bancaria-n-11-2009
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    state aid; guarantee; gross grant equivalent;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ban:bancar:v:11:y:2009:m:november:p:48-69. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Francesco Emiliano Tani (email available below). General contact details of provider: https://www.bancaria.it .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.