New Models Of Financing And Financial Reporting For European Smes

Author : Eva Kaili,Dimitrios Psarrakis,Raz van Hoinaru
Publisher : Springer
Page : 204 pages
File Size : 55,7 Mb
Release : 2019-02-28
Category : Business & Economics
ISBN : 9783030028312

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New Models of Financing and Financial Reporting for European SMEs by Eva Kaili,Dimitrios Psarrakis,Raz van Hoinaru Pdf

This book looks at the 23 million registered Small and Medium Enterprises (SMEs) that make up 98 per cent of the EU economy. Addressing the high end of SMEs in terms of new models for SME funding and financial reporting, this merged way of looking at SMEs reveals a ‘myopic’ thinking in terms of net present value and (future) cash flows generating short-termism and low risk appetite for business. This is not an accounting issue, but rather a preference toward certain financial tools. A segment of SMEs, the ones that seek new ways of funding possibilities, as well as modern technologies (MTFs listing, blockchain, ICOs, etc.) do require, even without knowing, IFRS for SMEs. This book reveals how market conditions impact the financial performance and sustainability of SMEs and also generate innovative policy interventions and financing strategies for SME integrity and efficiency. The authors frame their arguments in the context of the Capital Markets Union, looking at the Innovation Triangle, SME growth ecosystem and business models. They conclude by advocating for closing the circle of financing and financial reporting for SMEs, while considering if new financial models of financing and financial reporting are good for all the SMEs or only for some. The economy is being shaped by new models of financing and financial reporting. Read this practitioners’ view to understand the current changes and challenges.

Author : OECD
Publisher : OECD Publishing
Page : 152 pages
File Size : 46,9 Mb
Release : 2015-10-28
Category : Electronic
ISBN : 9789264240957

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New Approaches to SME and Entrepreneurship Financing Broadening the Range of Instruments by OECD Pdf

This report maps a broad range of external financing techniques to address diverse needs in varying circumstances, including asset-based finance, alternative debt, hybrid instruments, and equity instruments.

Author : Rym Ayadi
Publisher : Centre for European Policy Studies
Page : 124 pages
File Size : 51,7 Mb
Release : 2005
Category : Bank capital
ISBN : UCSC:32106018614674

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The New Basel Capital Accord and SME Financing by Rym Ayadi Pdf

The First Basel Capital Accord, implemented in 1988, was aimed at ensuring the soundness and stability of the international banking system. The new accord, Basel II, which is planned for implementation in December 2006, is intended to strengthen the framework for dealing with credit risk. This book provides an informative analysis of what Basel II means for the small and medium-sized enterprize (SME) sector in Europe and its impact on its credit financing conditions. It also presents a detailed analysis of how banks formulate an internal rating system and illustrates how this system works in practice. Finally, it concludes with the key measures that should be taken by banks, SMEs, and public policymakers to improve financing in the new rating culture.

Author : Patrizio Messina
Publisher : Kluwer Law International B.V.
Page : 222 pages
File Size : 55,5 Mb
Release : 2019-06-19
Category : Law
ISBN : 9789403501444

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Finance for SMEs: European Regulation and Capital Markets Union by Patrizio Messina Pdf

With the European Commission’s announcement of the Capital Markets Union in 2016, a major step was at last taken to provide for the special needs of small and medium enterprises (SMEs). This book presents the first in-depth legal analysis of the challenges that SMEs have to face when managing their balance sheets and trying to attract investors, what alternative financing tools are most effective and how recent legislation reaches fair and convenient conditions for SMEs. The analysis focuses specifically on the Capital Markets Union structure and on other European initiatives that support and enhance SMEs’ raising money on capital markets in order to better diversify their investments and plan a growth and development strategy. An updated description of the European framework is provided, together with references to relevant national systems. Issues and topics covered include the following: need for long-lasting access to funds; securitization for SMEs; SME Z-score; crowdfunding; and peer-to-peer, minibond and accounts receivables financing. Case study analyses furnish a deep understanding of the financial structures and their main features. Appendices include English texts of the main European Union (EU) legal documents pertaining to SMEs. For SMEs discouraged by over-regulation designed for larger businesses, and who find themselves in difficulties when they have to face the required process, this book will prove to be of immeasurable practical value. This book represents one of the first publications on SMEs and finance and contains data and information resulting from a deep and well-focused research on the topic. The added value of this study will allow the academics to understand the main issues related to this topic and will provide for a steady basis for further research and analysis with regards to law and economics for SMEs. Furthermore, it will be also warmly welcomed by practitioners in the area of SME financing and will be useful to support them in the selection of the most appropriate tools for their clients. Banks and interested EU officials will also value its clear and straightforward approach to the subject.

Author : Elena G. Popkova,Victoria N. Ostrovskaya,Aleksei V. Bogoviz
Publisher : Springer Nature
Page : 1728 pages
File Size : 55,5 Mb
Release : 2021-03-05
Category : Technology & Engineering
ISBN : 9783030564339

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Socio-economic Systems: Paradigms for the Future by Elena G. Popkova,Victoria N. Ostrovskaya,Aleksei V. Bogoviz Pdf

This book is reflective of a science-based vision of the future development paradigm of economic and social systems. It deals with the digitization as the technological basis for the future development of economic and social systems and presents a review of groundbreaking technologies and prospects for their application. The specific character of the industry and prospects for the application of digital technologies in business are analyzed. A rationale is provided for future prospects for the sustainable development of economic and social systems in a digital economy. The authors determine the process of the formation and development of the information-oriented society, social and educational aspects of the digitization, as well as the institutional framework of the digital future of social and economic systems. The book combines the best works following the results of the 12th International Research-to-Practice Conference “Artificial Intelligence: Anthropogenic Nature vs. Social Origin” that was held by the Institute of Scientific Communications (ISC) in cooperation with the Siberian Federal University and the Krasnoyarsk Regional Fund of support of scientific and scientific–technical activities on 5–7 December 2019, in Krasnoyarsk, Russia, as well as following the results of the 3rd International Research-to-Practice Conference “Economic and Social Systems: Paradigms for the Future” that was held by the ISC in cooperation with the Pyatigorsk State University on 5–6 February 2020. The target audience of the book consists of representatives of the academic community concerned with the future prospects for the development of economic and social systems, as well as economic agents engaged in the digitization of business processes, and representatives of public agencies regulating the development of business systems for their progressivity, sustainability and competitiveness.

Author : Giusy Chesini,Elisa Giaretta,Andrea Paltrinieri
Publisher : Springer
Page : 159 pages
File Size : 42,7 Mb
Release : 2017-10-11
Category : Business & Economics
ISBN : 9783319548913

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Financial Markets, SME Financing and Emerging Economies by Giusy Chesini,Elisa Giaretta,Andrea Paltrinieri Pdf

This book investigates small and medium sized enterprises (SMEs) access to credit, the earning quality, and the cost of debt in the European Union. It also examines two important risk measures in financial markets: the volatility index (VIX) and Credit Default Swaps (CDS). Finally, it deep dives inside one of the most important emerging markets, China, to assess monetary policy and the relationship between financial institutions and real estate firms. This work will appeal to both academics and practitioners in the areas of SME financing, financial markets and emerging economies.

Author : OECD
Publisher : OECD Publishing
Page : 250 pages
File Size : 55,8 Mb
Release : 2020-04-22
Category : Electronic
ISBN : 9789264598539

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Financing SMEs and Entrepreneurs 2020 An OECD Scoreboard by OECD Pdf

The 9th edition of the Scoreboard on Financing SMEs and Entrepreneurs report provides data from 48 countries around the world on SME lending, alternative finance instruments and financing conditions, as well as information on policy initiatives to improve SME access to finance.

Author : David Grünbaum
Publisher : GRIN Verlag
Page : 22 pages
File Size : 44,5 Mb
Release : 2014-05-19
Category : Business & Economics
ISBN : 9783656656555

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IFRS for SMEs in the European Union (EU) by David Grünbaum Pdf

Seminar paper from the year 2013 in the subject Business economics - Accounting and Taxes, grade: 1,3, European University Viadrina Frankfurt (Oder), course: Accounting in Europe, language: English, abstract: Analysis of the prospects of the implementatition of a generally accepted financial reporting standard (IFRS for SMEs) in the European Union.

Author : Lisboa, Inês,Teixeira, Nuno,Segura, Liliane,Krulický, Tomáš,Machová, Veronika
Publisher : IGI Global
Page : 602 pages
File Size : 42,9 Mb
Release : 2022-12-19
Category : Business & Economics
ISBN : 9781668456675

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Handbook of Research on Acceleration Programs for SMEs by Lisboa, Inês,Teixeira, Nuno,Segura, Liliane,Krulický, Tomáš,Machová, Veronika Pdf

The international financial crisis of 2007 and 2008 and the situation caused by the COVID-19 pandemic have had a great impact on many firms’ financial needs. Simultaneously, several emerging countries have bet on boosting private initiatives as a way to diversify their economies and create jobs and wealth for their populations. New forms of financing have appeared that have impacted the firm’s capital structure, cost of capital, and access to finance by underprivileged communities that are normally outside the formal economy. The Handbook of Research on Acceleration Programs for SMEs provides and shares knowledge on the financial mix, alternative forms of finance, capital structure, and more. It calls attention to relevant challenges, financial institutions, and governments to guarantee funds and economic and social development with new competencies, innovations, new ways of investing, entrepreneurship, and business models with new public policies. Covering topics such as earnings management, capital structure, and foreign exchange, this major reference work is an essential resource for government officials, business leaders and executives, economists, sociologists, students and faculty of higher education, librarians, researchers, and academicians.

Author : Marie-Renée Bakker,Gregory F. Udell,Leora Klapper
Publisher : World Bank Publications
Page : 50 pages
File Size : 45,6 Mb
Release : 2004
Category : Factoring (Finance)
ISBN : 8389188171

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Financing Small and Medium-size Enterprises with Factoring by Marie-Renée Bakker,Gregory F. Udell,Leora Klapper Pdf

Factoring is a form of asset-based finance where the credit is extended based on the value of the borrower's accounts receivable. In recent years factoring has experienced phenomenal growth and has become an important source of financing--especially short-term working capital--for small and medium-size enterprises and corporations, reaching a worldwide volume of 760 billion euro in 2003. Although the importance of factoring varies considerably around the world, it occurs in most countries and is growing especially quickly in many developing countries. Bakker, Klapper, and Udell explore the advantages of factoring over other types of lending for firms in developing economies, and discuss the informational, legal, tax, and regulatory barriers to its growth. They also examine the role of factoring in the eight Eastern European countries that became EU members on May 1, 2004--the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic, and Slovenia, referred to as the EU 8. The authors conclude that factoring offers key advantages over other lending products and is likely to become more important in these countries, and suggest policies to accelerate its development. This paper--a joint product of the Finance Team, Development Research Group and the Private and Financial Sector Development Department--is part of a larger effort in the Bank to study access to financing.

Author : United States. General Accounting Office
Publisher : Unknown
Page : 92 pages
File Size : 40,7 Mb
Release : 1994
Category : Business enterprises
ISBN : UCLA:L0072730070

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Enterprise Funds by United States. General Accounting Office Pdf

Author : Anonim
Publisher : United Nations Publications
Page : 28 pages
File Size : 49,9 Mb
Release : 2009
Category : Business & Economics
ISBN : UCBK:C102820796

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SMEGA -- Accounting and Financial Reporting Guidelines for Small and Medium-sized Enterprises by Anonim Pdf

The SMEGA Level 3 Guidance is designed for financial statements of smaller enterprises that are often owner-managed and have no or few employees. Such enterprises should generally follow a simplified accruals-based accounting system that is closely linked to cash transactions. The SMEGA Level 3 Guidance is intended to meet the needs of users and preparers of financial statements for these enterprises.

Author : Leora F. Klapper
Publisher : Unknown
Page : 53 pages
File Size : 52,7 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290704277

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Small- and Medium-Size Enterprise Financing in Eastern Europe by Leora F. Klapper Pdf

There is currently a large interest in understanding firms' access to finance, particularly in the financing of small- and medium-size enterprises (SMEs). But the financing patterns of SMEs across countries is not well understood. For example, little is known about the relative importance of equity, debt, and inter-firm financing for SMEs across countries.The authors use the Amadeus database, which includes financial information on over 97,000 private and publicly traded firms in 15 Eastern and Central European countries. The Amadeus database allows the authors the opportunity to provide a new analysis of the general financing patterns of private firms across a large sample of Eastern European countries. The summanry statistics show that the size of the SME sector (as measured by the percentage of total employment) in Eastern European countries is smaller than in most developed economies. Although the authors find in almost every country in the sample a large number of SMEs as a percentage of total firms, the SMEs in Eastern Europe are generally small and hire few employees. However, SMEs seem to constitute the most dynamic sector of the Eastern European economies, relative to large firms. In general, the SME sector comprises relatively younger, more highly leveraged, and more profitable and faster growing firms. This suggests that a new type of firm is emerging in transition economies that is more market- and profit-oriented. But at the same time, these firms appear to have financial constraints that impede their access to long-term financing and ability to grow.This paper - a product of Finance, Development Research Group - is part of a larger effort in the group to better understand small- and medium-size enterprise financing.

Author : Daniela-Mihaela Neamţu
Publisher : Springer Nature
Page : 563 pages
File Size : 51,9 Mb
Release : 2023-03-30
Category : Business & Economics
ISBN : 9783031203824

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Education and Economic Development by Daniela-Mihaela Neamţu Pdf

This book explores how education influences economic and social development. With a particular focus on the role of higher education and universities, policies that promote education are analysed to highlight how economic development can be encouraged (and hindered) through policymaking. Comparative trends within Europe and Romania are examined to provide insight into the different ways in which education has evolved across the continent. The relationship between levels of education and employability, personal development, and professional development is also discussed. This book aims to examine how education policies can maximise economic growth and social development. It will be relevant to students and researchers interested in economic development and education economics.

Author : Rajkishore Nayak
Publisher : Routledge
Page : 410 pages
File Size : 41,7 Mb
Release : 2020-11-12
Category : Business & Economics
ISBN : 9781000206821

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Supply Chain Management and Logistics in the Global Fashion Sector by Rajkishore Nayak Pdf

The ways in which we design, make, transport and then discard clothes has a huge social and environmental impact. This book covers responsible business practices and sustainability in the fashion industry from the raw fibre stage, through production, to the point of customer consumption. The concepts of responsibility and sustainability are fast becoming essential factors in business decisions and Supply Chain Management and Logistics in the Global Fashion Sector leads the reader through the multiple stages in the supply chain that can impact on business strategy. A perfect resource for students studying fashion and for those working in the sector who wish to identify the latest thinking as they plan sustainability strategies, the book is divided into four clear sections. Part I of the book examines sustainability in the supply chain by identifying the three pillars of sustainability (social, economic and environmental) and considers how fashion brands are innovating in this area. Part II looks at fashion logistics and supply chain operations by assessing fibre, yarn and fabric considerations, logistical issues for both garment production, and service delivery, stock control, transportation, barriers and risks. Part III develops the logistics theme further by identifying recent trends and case studies that highlight agility and lean management structures, and the application of transparency enhancing radio frequency identification (RFID). This section further applies modelling and simulation techniques from the automotive and pharmaceutical industries to the fashion sector. Part IV considers how sustainability can be embedded into the multi-tiered fashion supply chain and its selling environment.