THE REGIONAL EFFICIENCY OF CREDIT GUARANTEE PROVIDED BY THE RURAL CREDIT GUARANTEE FOUNDATION: HUNGARIAN CASE STUDY

Zsofia Hars-Garami; Maria Fekete-Farkas

Makale detayları

THE REGIONAL EFFICIENCY OF CREDIT GUARANTEE PROVIDED BY THE RURAL CREDIT GUARANTEE FOUNDATION: HUNGARIAN CASE STUDY

Yazarlar:

Zsofia Hars-Garami | Maria Fekete-Farkas

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Business and Management Studies 2012 Vol.4 Issue 1, pp.211-219

Belge Tipi:

Makale

Yayın Tarihi:

5/2012

Belge Dili:

Türkçe

Document ID (Org No.):

2000809491

Sıklık:

İki Yıllık

eISSN:

1309-8047

Özet:

 

In Hungary – as well as in other EU countries – small- and medium sized
 enterprises (SMEs) are not enough capitalised to make investments and their lack
 of capital causes difficulties in access to finance. Credit guarantee – which is one
 of the most effective financial instrument – helps SMEs to get external financing.
 Regional development is one of the core issues in Hungary nowadays, because the
 high proportion of agricultural production of the total GDP is not sustainable
 anymore. Therefore a number of Hungarian farmers have to finish its work or
 other rural inhabitants should diversify their activity as well to other related
 businesses in order to ensure or enhance their cost of living. In this study we
 examined the efficiency of the Rural Credit Guarantee Foundation (AVHGA) in
 the access to finance of rural enterprises through regional breakdowns. AVHGA
 issues credit guarantee for all regions in Hungary, and have been provided
 guarantee for more than 33 000 cases of more than 600 billion HUF credit amount
 from the start of its operation until the end of year 2011. The examination based
 on the statistical data of AVHGA (by the regional amount of guarantee, aid
 element and redemptions) and the regional GDP data of Hungary in the year of
 2008. During the analysis we assume, that the GDP/capita index shows the degree
 of development by regions.
 Based on the fundamental goals of AVHGA, the data show the verification of the
 higher subsidisation of less developed regions. The significantly low percentage
 of Central Hungary also fulfils the main requirement that the most developed area
 is not promoted too much. There are possibilities in two regions for more
 guarantees: Northern Hungary and Central Transdanubia.

Makale detayları

THE REGIONAL EFFICIENCY OF CREDIT GUARANTEE PROVIDED BY THE RURAL CREDIT GUARANTEE FOUNDATION: HUNGARIAN CASE STUDY

Yazarlar: Zsofia Hars-Garami | Maria Fekete-Farkas

Yayıncı: Sosyal Bilimler Araştırmaları Derneği

Dergi: International Journal of Business and Management Studies 2012 Vol.4 Issue 1, pp.211-219

Belge Tipi: Makale

Yayın Tarihi: 5/2012

Belge Dili: Türkçe

Document ID (Org No.): 2000809491

Sıklık: İki Yıllık

eISSN: 1309-8047

Sayı

Yazarlar:

Zsofia Hars-Garami | Maria Fekete-Farkas

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Business and Management Studies 2012 Vol.4 Issue 1, pp.211-219

Belge Tipi:

Makale

Yayın Tarihi:

5/2012

Belge Dili:

Türkçe

Document ID (Org No.):

2000809491

Sıklık:

İki Yıllık

eISSN:

1309-8047