RT info:eu-repo/semantics/article T1 Performance of nonbanking organisations granting guarantees within cohesion policy T2 Los resultados de las organizaciones no bancarias que conceden garantías en el marco de la política de cohesión A1 Waniak Michalak, Halina A1 Michalak, Jan A1 Turala, Maciej K1 Nonbanking organisations K1 Guarantees K1 Performance K1 Regional development K1 Cohesion policy K1 Organizaciones no bancarias K1 Garantías K1 Rendimiento K1 Desarrollo regional K1 Política de cohesión K1 Economía K1 Economics K1 Geografía K1 Geography K1 Sociología K1 Sociology AB The debate on cohesion policy has recently intensified due to the increasing tensions within the EU and requires constant inputs with regards to various instruments which are applied. In Poland, a unique mechanism for guarantee distribution was adopted – the guarantees are mainly distributed through NGOs (nonbanking organisations granting guarantees – NOGG). Thus, the article aims to investigate the relationship between the level of regional development, the experience of nonbanking organisations granting guarantees and their performance which leads to observations and recommendations with regards to the functioning and assessment of guarantees as cohesion policy instruments. We have used panel regression for 156 observations covering 26 NOGG in Poland. The results confirm that there exist positive associations between the level of regional development, NOGG size (measured with guarantee capital) and experience and some financial performance measures. We posit, that a prerequisite for the high performance of these organisations is to ensure that they have an adequate level of guarantee capital and experience. We call for future EU-wide comparative research allowing deeper understanding of various guarantee distribution mechanisms performance. PB Asociación Española de Ciencia Regional (AECR) SN 2340-2717 YR 2021 FD 2021 LK http://hdl.handle.net/10017/47150 UL http://hdl.handle.net/10017/47150 LA eng DS MINDS@UW RD 29-mar-2024