Bridging the equity gap for innovative SMEs

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Palgrave Macmillan, Nov 15, 2008 - Business & Economics - 196 pages
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There is an increasing perception that Europe's growth problems, in the present competitive environment, may be caused not so much by rigidities in labour markets, as by weaknesses in capital markets, and in particular in the access to risk capital. This book addresses the evaluation of the financial needs and constraints faced by start-up firms and the means for bridging their financing and equity gaps during the firm's most crucial growth phases. The role of public sector intervention is analysed, focusing on international best practices and the creation of public-private partnerships aiming at developing a private venture capital market for these innovative firms.

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Contents

Innovation and Economic Growth
9
Access to Finance of Innovative SMEs
17
The financing menu of innovative firms
25
Copyright

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About the author (2008)

ELISABETTA GUALANDRI is a Full Professor in Banking and Finance at the Marco Biagi Faculty of Economics, University of Modena and Reggio Emilia, Italy. Recent research topics include financial regulation and supervision, the New Basel Accord, the financing of ISMEs and public intervention programmes. She was appointed as an auditor of Banca dItalia in 2007.

VALERIA VENTURELLI is a Lecturer in Banking and Finance at the Marco Biagi Faculty of Economics, University of Modena and Reggio Emilia, Italy. Her main research interests are the economics of banking and other financial institutions and finance for SMEs. She is author of several articles in leading academic journals.