Access to Bank Credit and SME Financing
Published on 11. July 2018
Book
Paperback/Softback
XXX, 332 pages
978-3-319-82333-1 (ISBN)
Description
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.
More details
Series
Edition
Softcover reprint of the original 1st ed. 2017
Language
English
Place of publication
Cham
Switzerland
Publishing group
Springer International Publishing
Target group
Professional and scholarly
Illustrations
101 s/w Abbildungen, 20 farbige Abbildungen
XXX, 332 p. 121 illus., 20 illus. in color.
Dimensions
Height: 210 mm
Width: 148 mm
Thickness: 20 mm
Weight
471 gr
ISBN-13
978-3-319-82333-1 (9783319823331)
DOI
10.1007/978-3-319-41363-1
Schweitzer Classification
Other editions
Additional editions
Stefania Rossi
Access to Bank Credit and SME Financing
Book
12/2016
Palgrave Macmillan
€160.49
Shipment within 10-15 days
Person
Stefania P. S. Rossi is Professor of Economics at the University of Cagliari, Italy. She has been a postdoctoral visiting scholar at Stanford University, USA, an Economist at the World Bank, and a Professor at the University of Vienna, Austria. Her publications include many articles in the field of financial markets and banking.
Content
Part I: Credit Market Environment and SME Finance in Europe.- Chapter 1: Non-Bank Financing for Euro Area Companies During the Crisis; Annalisa Ferrando and Emmanouil Mavrakis.- Chapter 2: Neither a Borrower nor a Lender Be! Loan Application and Credit Decision for Young European Firms; Andrea Moro, Daniela Maresch, Annalisa Ferrando and Julia Barbar.- Chapter 3: Legal-institutional Environment, Social Capital, and the Cost of Bank Financing for SMEs: Evidence from the Euro Area; Emma Galli, Danilo V. Mascia and Stefania P.S. Rossi.- Chapter 4: Credit Access for Small Firms in the Euro Area: Does Gender Matter?; Maria Lucia Stefani and Valerio Vacca.- Chapter 5: The Small Firm Financing Premium in Europe: Where and When do Small Firms Pay Most?; Sarah Holton and Fergal McCann.- Chapter 6: Sovereign and Bank CDS Spreads During the European Debt Crisis: Laying the Foundation for SMEs' Financial Distress; Danilo V. Mascia, Paolo Mattana, Stefania P.S. Rossi and Roberto D'Aietti.- Chapter7: SME Sources of Funding: More Capital or More Debt to Sustain Growth? An empirical analysis; Marina Brogi and Valentina Lagasio.- Part II: SME Funding and the Role of Alternative Non-Bank Finance in Italy.- Chapter 8: SME Credit Access after Basel 3. Does Size (and Quality) Matter; Pietro Vozzella and Giampaolo Gabbi.- Chapter 9: Credit Supply and Bank Interest Rates in the Italian Regions; Roberto Malavasi and Mauro Aliano.- Chapter 10: Corporate Bonds for SMEs: a Study of Italian Minibonds; Giuseppe Riccio, Roberto Malavasi and Mauro Aliano.- Chapter 11: Using Open-End Mutual Funds Resources to Finance SMEs: the Potential Market Share of ELTIFs; Fabrizio Crespi.