Financing through negotiable obligations. The problema of being SMEs

Financing through negotiable obligations. The problema of being SMEs

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Fil: Larsen, Melisa. Universidad Provincial del Sudoeste. Facultad de Micro, Pequeña y Mediana Empresa; Argentina.

Bibliographic Details
Main Authors: Larsen, Melisa, Vigier, Hernán Pedro, Guercio, M. Belén, Briozzo, Anahí E.
Format: info:eu-repo/semantics/article
Language:English
Published: Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración 2014
Subjects:
SMEs financing
Negotiable obligations
Issue costs
Online Access:https://hdl.handle.net/20.500.12219/4632
id ir-20.500.12219-4632
record_format dspace
spelling ir-20.500.12219-46322023-12-28T14:11:04Z Financing through negotiable obligations. The problema of being SMEs Larsen, Melisa Vigier, Hernán Pedro Guercio, M. Belén Briozzo, Anahí E. SMEs financing Negotiable obligations Issue costs Fil: Larsen, Melisa. Universidad Provincial del Sudoeste. Facultad de Micro, Pequeña y Mediana Empresa; Argentina. Fil: Vigier, Hernán Pedro. Comisión de Inv. Científicas de la Pcia. de Buenos Aires. Centro de Emprendedorismo y desarrollo territorial sustentable; Argentina. Fil: Guercio, M. Belén. Consejo Nacional de Investigaciones Científicas y Técnicas. Instituto de Investigaciones Económicas y Sociales del Sur; Argentina. Fil: Briozzo, Anahí E. Consejo Nacional de Investigaciones Científicas y Técnicas. Departamento de Ciencias de la Administración; Argentina. Fil: Briozzo, Anahí E. Universidad Nacional del Sur; Argentina. The issue costs faced by Small and Medium Enterprises (SMEs) to access funding in the Argentine capital market through negotiable obligations (ONs) has been analyzed. To do this, we make a simulation of transaction costs and signaling for different amounts of debt, and employment of signals by Mutual Guarantee Societies and Rating Agencies (RA). The results indicate that the smaller the amount of the issue, the greater the relative cost faced by SMEs. Another issue to note is the important role of transaction costs, more specifically of professional fees, in relation to the total cost; this incidence increase is evaluated as higher amount emissions. 2014-06-19 info:eu-repo/semantics/article info:ar-repo/semantics/artículo info:eu-repo/semantics/publishedVersion https://hdl.handle.net/20.500.12219/4632 eng info:eu-repo/semantics/altIdentifier/urn/https://visiondefuturo.fce.unam.edu.ar/index.php/visiondefuturo/article/view/677/606 info:eu-repo/semantics/openAccess application/pdf application/pdf 143 KB Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración
institution Universidad Nacional de Misiones
collection Repositorio RIDUNaM
language English
topic SMEs financing
Negotiable obligations
Issue costs
spellingShingle SMEs financing
Negotiable obligations
Issue costs
Larsen, Melisa
Vigier, Hernán Pedro
Guercio, M. Belén
Briozzo, Anahí E.
Financing through negotiable obligations. The problema of being SMEs
description Fil: Larsen, Melisa. Universidad Provincial del Sudoeste. Facultad de Micro, Pequeña y Mediana Empresa; Argentina.
format info:eu-repo/semantics/article
author Larsen, Melisa
Vigier, Hernán Pedro
Guercio, M. Belén
Briozzo, Anahí E.
author_facet Larsen, Melisa
Vigier, Hernán Pedro
Guercio, M. Belén
Briozzo, Anahí E.
author_sort Larsen, Melisa
title Financing through negotiable obligations. The problema of being SMEs
title_short Financing through negotiable obligations. The problema of being SMEs
title_full Financing through negotiable obligations. The problema of being SMEs
title_fullStr Financing through negotiable obligations. The problema of being SMEs
title_full_unstemmed Financing through negotiable obligations. The problema of being SMEs
title_sort financing through negotiable obligations. the problema of being smes
publisher Universidad Nacional de Misiones. Facultad de Ciencias Económicas. Programa de Posgrado en Administración
publishDate 2014
url https://hdl.handle.net/20.500.12219/4632
work_keys_str_mv AT larsenmelisa financingthroughnegotiableobligationstheproblemaofbeingsmes
AT vigierhernanpedro financingthroughnegotiableobligationstheproblemaofbeingsmes
AT guerciombelen financingthroughnegotiableobligationstheproblemaofbeingsmes
AT briozzoanahie financingthroughnegotiableobligationstheproblemaofbeingsmes
_version_ 1800237152077873152

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