Recent Innovations in Business Finance

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Pearson Education, Jun 14, 2010 - 11 pages
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This Element is an excerpt from Financing the Future: Market-Based Innovations for Growth (9780137011278) by Franklin Allen and Glenn Yago. Available in print and digital formats.

Refocusing on the real value of financial innovation: helping companies of all sizes create jobs and build prosperity.

Financing business is about finding ways to propel growth, create jobs, and bring new ideas to the marketplace. Whether the question is extending credit to an entrepreneur who wants to open a neighborhood shop or helping a multinational corporation restructure its debt burden in a cash crunch, every business needs the right kind of financing at the right time to succeed.


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About the author (2010)

Franklin Allen is Nippon Life Professor of Finance and Professor of Economics, The Wharton School, University of Pennsylvania, and Co-Director of the Wharton Financial Institutions Center. He is past President of several leading industry organizations, including the American Finance Association and the Society for Financial Studies. Glenn Yago, Director of Capital Studies at the Milken Institute, is an authority on financial innovation, capital markets, emerging markets, and environmental finance. His work has contributed to the democratization of capital in underserved markets and on behalf of entrepreneurs in the United States and around the world.

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