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Download e-book for iPad: Access to Bank Credit and SME Financing by Stefania Rossi

By Stefania Rossi

ISBN-10: 3319413627

ISBN-13: 9783319413624

ISBN-10: 3319413635

ISBN-13: 9783319413631

This ebook explores how the worldwide monetary and ecu sovereign debt crises have pressured small-and-medium-sized companies (SMEs) to reconsider and adapt their investment techniques. on the middle of the problem is the worsening entry to financial institution credits for such businesses. via this dialogue we learn the way the most important an realizing of SME-financing is to coverage makers, in gentle of the truth that SMEs dominate the enterprise panorama in Europe and are the most drivers of employment, progress and innovation within the eu economic climate. Contributing chapters current professional research and examine many subject matters together with the issues confronted through SMEs in gaining access to financial institution credits and the price of investment and its determinants. specific realization can be given to how credit-constrained organizations might reformulate their investment recommendations by way of utilizing replacement, non-bank, monetary assets, and the way regulators might help SMEs in broadening and bettering their investment opportunities.

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For example, deeper capital markets can serve a wider set of participants— SMEs, infrastructure projects, international issuers—as they are attractive to global investors for placing long term funds and increasing incentives to strengthen corporate governance. Furthermore, a lower cost of capital can support improved and cheaper access to funding and will in turn aid growth and jobs in the EU. To complement direct bank lending, a greater diversity of financing would expand the range of participants who can benefit, reduce costs and provide ‘shock absorption’ for different sectors of the economy.

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Who needs credit and who gets credit in Eastern Europe? Economic Policy, 26, 93–130. , & Udell, G. F. (2016). Trade credit, the financial crisis, and SME access to finance. Journal of Money, Credit and Banking, 48, 113–143. , & O’Toole, C. (2014). Bank lending constraints, trade credit and alternative financing during the financial crisis: Evidence from European SMEs. Journal of Corporate Finance, 27, 173–193. Cassar, G. (2004). The financing of business start-ups. Journal of Business Venturing, 19(2), 261–283.

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Access to Bank Credit and SME Financing by Stefania Rossi


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