대구·경북 소상공인 보증기관의 재정위험 영향요인에 관한 연구

The economic influence of small-mid business in the economy of Korea is considerable. However, their business is highly dependent on the external economic environment due to their small size and limited financing. In particular, due to the government's social distancing policy by recent COVID-19, the business of small business is greatly deteriorating, and the credit guarantee institutions which politically support their financing is increasing. This study investigates how expanding the public guarantees supply affects the financial risks of guarantors. For this job, we use the guarantee statistics data of the Local Credit Guarantee Foundations, especially in Daegu and Gyeongbuk. We find that ‘scale of credit guarantee supply' and 'subrogation rate' could be the major financial risk factors affecting the financial risk of guarantee institutions. Most of all, we emphasize that the under the recent expansion of the guarantee supply, stable management of the subrogation rate is importance. Specifically, in Daegu and Gyeongbuk, credit guarantee supply has increased relatively rapidly, so that the subrogation rate is expected to rise accordingly. Therefore, it is necessary to increase the efficiency of risk management plan of credit guarantee institutions.