The Role of the Public Sector

  • Elisabetta Gualandri
  • Paola Schwizer
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


Small and medium-sized enterprises (SMEs) play an essential role in the economy internationally and above all in Europe, where over 20 million SMEs account for around two-thirds of jobs and half of turnover in the non-agricultural business sectors. SMEs’ contribution to growth and employment, not to mention innovation, makes them key players in the achievement of the Lisbon Strategy goals (European Investment Bank, 2005). At the same time, restrictions on SMEs’ access to external finance create undesirable obstacles to employment and growth.


Venture Capital Private Equity Venture Capital Fund Risk Capital Small Business Innovation Research 
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Copyright information

© Elisabetta Gualandri and Paola Schwizer 2008

Authors and Affiliations

  • Elisabetta Gualandri
  • Paola Schwizer

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