Exploration of Guarantee Approach and Risk Control of Credit Guarantee Institutions
Date Issued
2005
Date
2005
Author(s)
Jan, Yih-yaw
DOI
zh-TW
Abstract
Small and Medium Business Credit Guarantee Fund (SMEG) is the sole non-profit credit guarantee providing organization. In the past thirty years it has successfully supported numerous small and medium enterprise to obtain needed bank loans. The co-existence of authorized Credit Guarantee and review-needed Credit Guarantee approaches make it possible of double-layer information asymmetry faces to SMEG. However, relative effectiveness of these two schemes has not been analyzed yet. This study tries to analyze current risk management applied in SMEG. Also, a suggestion to current schemes based on risk control improving is provided in this study.
62 monthly and paired data and t-statistic testing are used in the empirical testing part of this study. Test results show that ,under specific conditions, review-needed scheme is significantly superior to the authorized scheme.
Three conclusions are drawn in this study. First, subrogation ratio of SMEG should be set in accordance with the variation of the economy and with its break-even subrogation ratio. Second, package guarantee scheme is featured to include total risk-controlled volume consideration, yet a modified rollover package credit guarantee program is introduced and recommended to use by SMEG. Third, applying of a combination of credit guarantee schemes may be a better method to keep risk level down for SMEG.
Subjects
新發生逾期率
滾動式批次保證
代償率上限
Double-layer information asymmetry
Overdue ratio of most recent past period
Rollover package credit guarantee scheme
Ceiling of subrogation ratio
Type
other
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