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This book explores current financing optionsfor small and medium size enterprises (SMEs), with particular insight into theEuropean market. The authors position SME funding within a risk-averse lendingenvironment with high regulatory costs on business loans, which has arisen fromthe recent financial crisis and new European bank capital regulations. Chaptersin the book demonstrate how and why SMEs may be forced to leave the market andposit that shadow banking and other alternative funding options are viablechannels for raising funds. A new and innovative SME credit risk model is alsopresented. This book will appeal to all who share an interest in sustainable solutions toissues in SME financing.
Über den Autor / die Autorin
Gianluca
Oricchio has held senior capital and risk management
positions at several global financial institutions for over 20 years. He has
previously served as Head of Credit Treasury at Unicredit Group, Italy, and as
Head of ACPM at Capitalia Banking Group, Italy. He has written several books on
financial markets, corporate finance and risk management.Andrea
Crovetto is
co-founder and CEO of EPIC, a web-based securities trading platform focused on
European SMEs. Over the past 20 years Andrea has held senior management positions
at several major banks and has launched many innovative initiatives such as
TLX, MAC/AIM and Kilovar.
Sergio
Lugaresi is currently Project Manager at the Italian
Banking Association and interim Head of the Office of the World Bank in Rome,
Italy. He is a member of the Panel of Experts at the International Monetary
Fund (IMF). He has published several articles on banking, economics, monetary
and fiscal policy. <
Stefano
Fontana is Assistant Professor in accounting and
corporate management at La Sapienza State University in Rome, Italy. He is the author
of many publications on corporate finance, business valuation, accounting.
Zusammenfassung
This book explores current financing options
for small and medium size enterprises (SMEs), with particular insight into the
European market. The authors position SME funding within a risk-averse lending
environment with high regulatory costs on business loans, which has arisen from
the recent financial crisis and new European bank capital regulations. Chapters
in the book demonstrate how and why SMEs may be forced to leave the market and
posit that shadow banking and other alternative funding options are viable
channels for raising funds. A new and innovative SME credit risk model is also
presented. This book will appeal to all who share an interest in sustainable solutions to
issues in SME financing.
