<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1659-3359</journal-id>
<journal-title><![CDATA[Tec Empresarial]]></journal-title>
<abbrev-journal-title><![CDATA[Tec Empre.]]></abbrev-journal-title>
<issn>1659-3359</issn>
<publisher>
<publisher-name><![CDATA[Instituto Tecnológico de Costa Rica]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1659-33592018000100019</article-id>
<article-id pub-id-type="doi">10.18845/te.v12i1.3568</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Factores determinantes para la concesiónde crédito por partede las entidades financieras a las Mipymes]]></article-title>
<article-title xml:lang="en"><![CDATA[Determinants of credit supply to Micro, Small and Medium enterprises by financial institutions]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rocca Espinoza]]></surname>
<given-names><![CDATA[Eduardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[García Pérez de Lema]]></surname>
<given-names><![CDATA[Domingo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Duréndez Gómez Guillamón]]></surname>
<given-names><![CDATA[Antonio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Pontificia Universidad Católica del Perú Departamento de Ingenierí ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Peru</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Nacional de Río Negro Centro Interdisciplinario de Estudios sobre Territorio, Economía y Sociedad ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Argentina</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Universidad Politécnica de Cartagena  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Spain</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>07</month>
<year>2018</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>07</month>
<year>2018</year>
</pub-date>
<volume>12</volume>
<numero>1</numero>
<fpage>19</fpage>
<lpage>30</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.sa.cr/scielo.php?script=sci_arttext&amp;pid=S1659-33592018000100019&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.sa.cr/scielo.php?script=sci_abstract&amp;pid=S1659-33592018000100019&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.sa.cr/scielo.php?script=sci_pdf&amp;pid=S1659-33592018000100019&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen En este trabajo se analizan los principales criterios que consideran las entidades financieras a la hora de otorgar un crédito a una Mipyme, al objeto de minimizar su riesgo de impago. Para ello, se desarrolla un estudio empírico realizado a 73 analistas de riesgos de entidades financieras peruanas. Los criterios utilizados por las entidades financieras se clasifican en: personalidad y experiencia del empresario; características del producto o servicio que ofrece la empresa y del mercado donde desarrolla su actividad; estrategia y organización de la empresa; y criterios relacionados con la información contable que presentan las empresas. Los resultados muestran que los criterios que los analistas de riesgos consideran más relevantes a la hora de otorgar un crédito son: el conocimiento del sector que tiene el empresario, la honestidad e integridad del empresario, la cartera de clientes con la que cuenta la empresa, y calificación del personal de la empresa. En cuanto a los criterios relacionados con la información contable, los analistas de riesgos valoran especialmente los ratios de liquidez y de endeudamiento, que las empresas lleven algún sistema de costos fiable y que no aparezcan en registros de impagos como el INFOCORP. Este trabajo es especialmente útil a las entidades financieras para ayudarles a mejorar sus sistemas de calificación y a las Mipymes para favorecer una mejor relación con las entidades financieras.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract In this paper we analyze the main criteria that financial institutions consider when granting credit to a MSME, in order to minimize their risk of default. For this purpose, an empirical study was carried out on 73 risk analysts from Peruvian financial institutions. The criteria used by financial institutions are classified into: personality and experience of the entrepreneur; characteristics of the product or service offered by the company and the market where it operates; strategy and organization of the company; and criteria related to the accounting information presented by companies. The results show that the most relevant criteria considered by the risk analysts when granting a credit are: knowledge of the sector that has the entrepreneur, honesty and integrity of the entrepreneur, the client portfolio with which the company has, and qualification of the personnel of the company. Regarding the criteria related to accounting information, risk analysts especially value the liquidity and debt ratios, that companies carry some reliable cost system and that they do not appear in defaults such as INFOCORP. This work is especially useful to financial institutions to help them improve their rating systems, and to MSMEs to foster a better relationship with financial institutions.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Soft information]]></kwd>
<kwd lng="es"><![CDATA[hard information]]></kwd>
<kwd lng="es"><![CDATA[asymmetric information]]></kwd>
<kwd lng="es"><![CDATA[credit scoring]]></kwd>
<kwd lng="es"><![CDATA[Mipyme]]></kwd>
<kwd lng="en"><![CDATA[Soft information]]></kwd>
<kwd lng="en"><![CDATA[hard information]]></kwd>
<kwd lng="en"><![CDATA[asymmetric information]]></kwd>
<kwd lng="en"><![CDATA[credit scoring]]></kwd>
<kwd lng="en"><![CDATA[MSME]]></kwd>
</kwd-group>
</article-meta>
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