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Efectos del aval de las SGRs en la financiación de las PYME y los requerimientos de capital de Basilea II

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Author Info

  • Cardone Riportella, Clara
  • Trujillo Ponce, Antonio

Abstract

El objetivo del presente trabajo es analizar cómo influye el aval que las Sociedades de Garantía Recíproca (SGR) conceden a las Pequeñas y Medianas Empresas (PYME) en los fondos propios exigidos a las entidades financieras en el nuevo Acuerdo de Capital, conocido como Basilea II. Con ello se pretende examinar el efecto de la garantía sobre la prima de riesgo que los bancos debieran cargar a sus empresas clientes, y si esta previsible disminución en los tipos de interés aplicables se ve compensada por el coste del aval para la PYME. Entre las principales conclusiones encontramos que, dado que el coste del aval de una SGR, en España, se sitúa en el 0,73%, a una PYME que acceda al mercado del crédito este aval le resultará rentable toda vez que la probabilidad de impago de la sociedad garante sea inferior al 1%, si el sistema aplicado por la entidad financiera para calcular su capital regulatorio se basa en la valoración interna del riesgo (enfoque IRB). En el caso de que el banco aplique el enfoque estándar, este límite se sitúa en el 2,5% aproximadamente.

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Bibliographic Info

Paper provided by Universidad Carlos III de Madrid in its series Open Access publications from Universidad Carlos III de Madrid with number info:hdl:10016/7187.

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Length: 792 p.
Date of creation: Oct 2007
Date of revision:
Publication status: Published in Revista Española de Financiación y Contabilidad (2007-10) v.v. 36, p.757-790
Handle: RePEc:ner:carlos:info:hdl:10016/7187

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Web page: http://www.uc3m.es

Related research

Keywords: Financiación bancaria de las PYME; Capital regulatorio; Basilea II; Sociedad de Garantía Recíproca; Prima de riesgo; Banking Finance of SMEs; Regulatory Capital; Basel II Accord; Loan Guarantee Association; Premium Risk;

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Cited by:
  1. Cardone Riportella, Clara & Trujillo Ponce, Antonio & Casasola, María José, . "Credit risk mitigation and SMEs bank financing in Basel II : the case of the Loan Guarantee Associations," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/2936, Universidad Carlos III de Madrid.
  2. repec:ner:carlos:info:hdl:10016/10892 is not listed on IDEAS
  3. Clara Cardone Riportella & Antonio Trujillo & Anahí Briozzo, 2011. "What do Basel Capital Accords mean for SMEs?," Business Economics Working Papers wb111004, Universidad Carlos III, Departamento de Economía de la Empresa.

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