Financing entrepreneurial activity in Uruguay: time to default in a public microcredit institution

IF 2.8 4区管理学 Q2 BUSINESS, FINANCE

Venture Capital Pub Date : 2022-04-03 DOI:10.1080/13691066.2022.2085070

María Nela Seijas-Giménez, Milagros Vivel-Búa, Rubén Lado-Sestayo, Sara Fernández‐López

引用次数: 1

Abstract

ABSTRACT This paper develops a tool to predict the percentage of compliance in the repayment of microloans granted by non-profit microfinance institutions (MFI) of the Uruguayan government. The database consists of 1,357 microloans granted by the Program for the Strengthening of Productive Entrepreneurs (PFEP) of the Uruguayan Ministry of Social Development (MIDES) during the period 2012–2016. The paper uses Cox (1972) proportional risk model, employing four penalty modes: ENET, LASSO, AENET and ALASSO. The analysis shows that with a reduced set of variables that are easy for the MFI to obtain, it is possible to obtain high predictive power.

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乌拉圭企业活动融资:公共小额信贷机构违约的时间

摘要:本文开发了一个工具来预测乌拉圭政府的非营利性小额信贷机构(MFI)发放的小额贷款偿还的合规百分比。该数据库包括2012-2016年期间乌拉圭社会发展部(MIDES)加强生产性企业家方案(PFEP)发放的1357笔小额贷款。本文采用Cox(1972)比例风险模型，采用ENET、LASSO、AENET和ALASSO四种惩罚模式。分析表明，通过简化的变量集，使MFI易于获得，可以获得较高的预测能力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Venture Capital BUSINESS, FINANCE-

CiteScore

4.10

自引率

16.70%

发文量

期刊介绍： Venture Capital publishes cutting edge research-based papers from academics and practitioners on all aspects of private equity finance such as: •institutional venture capital •informal venture capital •corporate venture capital •public sector venture capital •community venture capital It also covers all aspects of the venture capital process from investment decision to exit, including studies on: •investment patterns •investment decision-making •investment performance •realisation of investment value exit routes (including the relationship with junior capital markets such as NASDAQ, EASDAQ, AIM and Nouvelle March). •economic impact and public policy