The role of guarantee organisations in crisis management

Abstract

In this study, we examined the role of guarantee programmes in crisis management and we have also examined their regional effects. We are presenting the guarantee programs of various institutions and their most important parameters. By differentiating the counties of Hungary, we have examined the correlation between loan transactions and guarantee programmes established in each region, and we have also analysed the data with a regression function and as a result we were able to formulate useful statements. The role of guarantee programmes is not negligible, they have a huge impact on the financing situation of micro, small and medium-sized enterprises (SMEs) because without these programmes SMEs would not be able to improve their investments and they would not be able to develop. The development of these enterprises is an essential macroeconomic task because 99.8 per cent of Hungary’s enterprises belong to the group of SMEs. At the end of the study we are dealing with the current and near future role of the guarantee institutions and guarantee programmes and their prospects from the point of view of the SMEs.