{"id":85301,"date":"2018-03-10T00:09:45","date_gmt":"2018-03-10T00:09:45","guid":{"rendered":"https:\/\/www.deberes.net\/tesis\/sin-categoria\/informacion-asimetrica-y-el-papel-de-las-garanta%c2%adas-en-los-contratos-de-financiacion-de-las-pequenas-empresas\/"},"modified":"2018-03-10T00:09:45","modified_gmt":"2018-03-10T00:09:45","slug":"informacion-asimetrica-y-el-papel-de-las-garanta%c2%adas-en-los-contratos-de-financiacion-de-las-pequenas-empresas","status":"publish","type":"post","link":"https:\/\/www.deberes.net\/tesis\/ciencias-economicas\/informacion-asimetrica-y-el-papel-de-las-garanta%c2%adas-en-los-contratos-de-financiacion-de-las-pequenas-empresas\/","title":{"rendered":"Informacion asim\u00e9trica y el papel de las garant\u00edas en los contratos de financiaci\u00f3n de las peque\u00f1as empresas"},"content":{"rendered":"<h2>Tesis doctoral de <strong> Irene Ramirez Comeig <\/strong><\/h2>\n<p>Esta tesis examina c\u00f3mo puede utilizarse la garant\u00eda en los contratos de cr\u00e9dito para reducir los problemas de selecci\u00f3n adversa y riesgo moral generados por la asimetr\u00eda de informaci\u00f3n. Utilizamos una base de datos que contiene caracter\u00edsticas individuales detalladas de m\u00e1s de seis mil contratos de pr\u00e9stamos a peque\u00f1as y medianas empresas en la comunidad Valenciana emitidas desde 1982 hasta 1998 para analizar la relaci\u00f3n emp\u00edrica entre la garant\u00eda y el riesgo real o ex post del prestatario tanto en entornos de financiaci\u00f3n est\u00e1tica como din\u00e1mica. En las relaciones de cr\u00e9dito est\u00e1ticas nuestros datos sugieren que, a pesar de que pueden existir efectos selecci\u00f3n adversa e incentivo adverso producidos por la garant\u00eda, una combinaci\u00f3n adecuada de los requisitos de garant\u00eda y tipo de inter\u00e9s del contrato de prestamo resulta ser un mecanismo efectivo para clasificar prestatarios de diferente nivel de riesgo. Para profundizar en el poder clasificador de este tipo de contratos dise\u00f1amos un experimento que examina la hip\u00f3tesis de incentivo-compatibilidad para prestatarios de diferente nivel de riesgo de los contratos que combinan los requisitos de garant\u00eda y tipo de interes. los resultados del experimento sugieren que esta hip\u00f3tesis debe ser aceptada, lo que es consistente con las conclusiones alcanzadas en el an\u00e1lisis de pr\u00e9stamos reales. Sin embargo, los resultados de este experimento alertan de que la existencia de riesgo moral podr\u00eda reducir la eficacia de los contratos incentivo-compatibles en la clasificaci\u00f3n de sujetos con proyectos de diferente nivel de riesgo. Por otra parte, el an\u00e1lisis de las relaciones de cr\u00e9dito din\u00e1micas realizado con pr\u00e9stamos reales indica que, aunque en este tipo de relaciones de cr\u00e9dito se podr\u00edan generar efectos de incentivo adverso, el intermediario financiero puede conseguir que se reduzca el riesgo moral, y con \u00e9l, el riesgo medio de la cartera de prestatarios haciendo dep<\/p>\n<p>&nbsp;<\/p>\n<h3>Datos acad\u00e9micos de la tesis doctoral \u00ab<strong>Informacion asim\u00e9trica y el papel de las garant\u00edas en los contratos de financiaci\u00f3n de las peque\u00f1as empresas<\/strong>\u00ab<\/h3>\n<ul>\n<li><strong>T\u00edtulo de la tesis:<\/strong>\u00a0 Informacion asim\u00e9trica y el papel de las garant\u00edas en los contratos de financiaci\u00f3n de las peque\u00f1as empresas <\/li>\n<li><strong>Autor:<\/strong>\u00a0 Irene Ramirez Comeig <\/li>\n<li><strong>Universidad:<\/strong>\u00a0 Universitat de val\u00e9ncia (estudi general)<\/li>\n<li><strong>Fecha de lectura de la tesis:<\/strong>\u00a0 26\/06\/2000<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Direcci\u00f3n y tribunal<\/h3>\n<ul>\n<li><strong>Director de la tesis<\/strong>\n<ul>\n<li>Matilde Fernandez Blanco<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tribunal<\/strong>\n<ul>\n<li>Presidente del tribunal:  Maroto acin Juan  Antonio <\/li>\n<li>valentin Azofra palenzuela (vocal)<\/li>\n<li>enrique Fat\u00e1s juber\u00edas (vocal)<\/li>\n<li>Juan  Carlos Gomez sala (vocal)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesis doctoral de Irene Ramirez Comeig Esta tesis examina c\u00f3mo puede utilizarse la garant\u00eda en los contratos de cr\u00e9dito para [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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