Challenges and trends of debt capital raising by SME: experience of the Baltic States

Elvīra Zelgalve and Inna Romānova;

American Journal of Finance and Accounting, 2012, vol. 2, issue 4, 311-325

Abstract: The paper analyses topical issue of debt capital raising by small and medium-sized enterprises in the Baltic States under changing economic conditions. Raise of debt capital is crucial for SME, as financing and its availability is a critical precondition for the survival and development of enterprises. The paper gives an assessment of recent developments in debt capital raising in the Baltic States, identifies the most important challenges and problems, as well as the mistakes made. Based on the analysis made, authors provide solutions for debt capital raising challenges and possible changes in corporate finance of enterprises.

Keywords: bank loans; capital raising; debt capital; SMEs; small and medium-sized enterprises; corporate finance; SME financing; Baltic States; bank lending. (search for similar items in EconPapers)
Date: 2012
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