
- English
- PDF
- Available on iOS & Android
Access to Bank Credit and SME Financing
About this book
This book explores how the global financial and European sovereign debt crises have forced small-and-medium-sized businesses (SMEs) to reassess and adapt their funding strategies. At the heart of the matter is the worsening access to bank credit for such enterprises. Through this discussion we learn how crucial an understanding of SME-financing is to policy makers, in light of the fact that SMEs dominate the business landscape in Europe and are the main drivers of employment, growth and innovation in the European economy. Contributing chapters present expert analysis and investigate many topics including the problems faced by SMEs in accessing bank credit and the cost of funding and its determinants. Particular attention is also given to how credit-constrained enterprises may reformulate their funding strategies by employing alternative, non-bank, financial resources, and how regulators could support SMEs in broadening and improving their funding opportunities.
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Information
Table of contents
- Dedication
- Foreword
- Acknowledgements
- Contents
- Notes on Contributors
- List of Figures
- List of Tables
- Part I: Credit Market Environment and SME Finance in Europe
- Part II: SME Funding and the Role of Alternative Non-Bank Finance in Italy
- Index