Asimetría informativa y financiación de pymes: el papel de los préstamos participativos

  1. Martí Pellón, José 1
  1. 1 Universidad Complutense de Madrid
    info

    Universidad Complutense de Madrid

    Madrid, España

    ROR 02p0gd045

Revista:
Información Comercial Española, ICE: Revista de economía

ISSN: 0019-977X

Año de publicación: 2018

Título del ejemplar: Innovación Y Emprendimiento: Un binomio para el crecimiento de la Economía Española

Número: 904

Páginas: 71-84

Tipo: Artículo

DOI: 10.32796/ICE.2018.904.6665 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Información Comercial Española, ICE: Revista de economía

Resumen

Ante las dificultades de las pymes para financiarse, por los problemas derivados de la existencia de información asimétrica, en este trabajo se describe el papel de los préstamos participativos como alternativa a otros planteamientos de apoyo promovidos desde el sector público. La combinación de características de los recursos propios y de la deuda, unida a una selección cuidadosa de los proyectos, determina un positivo efecto sobre las empresas beneficiarias, que se analiza en el caso de los préstamos participativos concedidos por ENISA. Las empresas beneficiarias crecen más que empresas similares y son capaces de obtener endeudamiento bancario adicional.

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