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Access to Bank Credit and SME Financing

  • Stefania Rossi

Table of contents

  1. Front Matter
    Pages i-xxx
  2. Credit Market Environment and SME Finance in Europe

    1. Front Matter
      Pages 1-1
    2. Annalisa Ferrando, Emmanouil Mavrakis
      Pages 3-28
    3. Andrea Moro, Daniela Maresch, Annalisa Ferrando, Julia Barbar
      Pages 29-58
    4. Maria Lucia Stefani, Valerio Vacca
      Pages 83-119
    5. Danilo V. Mascia, Paolo Mattana, Stefania P.S. Rossi, Roberto D’Aietti
      Pages 149-172
  3. SME Funding and the Role of Alternative Non-Bank Finance in Italy

    1. Front Matter
      Pages 201-201
    2. Pietro Vozzella, Giampaolo Gabbi
      Pages 203-224
    3. Roberto Malavasi, Mauro Aliano
      Pages 225-255
    4. Roberto Malavasi, Giuseppe Riccio, Mauro Aliano
      Pages 257-285
  4. Back Matter
    Pages 313-332

About this book

Introduction

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.

Keywords

Small Medium Enterprise Liquidity shortage Global Financial Crisis Bank loan Credit markets Access to finance Europe Access to finance Alterative finance

Editors and affiliations

  • Stefania Rossi
    • 1
  1. 1.Department of Economics and BusinessUniversity of CagliariCagliariItaly

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-41363-1
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-41362-4
  • Online ISBN 978-3-319-41363-1
  • Buy this book on publisher's site
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Finance, Business & Banking