Catalysing the SME Growth Ecosystem in the New Information Age

Luca Peyrano ()
Additional contact information
Luca Peyrano: ELITE – London Stock Exchange Group

Chapter 3 in New Models of Financing and Financial Reporting for European SMEs, 2019, pp 39-54 from Springer

Abstract: Abstract This chapter delves into the structural problem that the European economy faces in funding innovative SMEs and projects. The author stresses that traditional firms no longer play the same role in creating jobs and growth. Innovative SMEs have a strong potential to bridge the gap. The author emphasises the inadequacy of the traditional banking channels to provide the necessary capital to those innovative firms, and underscores the significant role of the Capital Market Union (CMU) in addressing this problem. An in-depth analysis is provided on the role of the ELITE initiative of the London Stock Exchange in addressing the four major challenges that European SMEs face today, namely: (1) the lack of access to information and external advice, (2) cultural barriers, (3) insufficient networks and low access to international liquidity, and (4) the structural problems that SMEs face in financing their scale up and operations and the role of financial innovation in alleviating these problems.

Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-02831-2_3

Ordering information: This item can be ordered from
http://www.springer.com/9783030028312

DOI: 10.1007/978-3-030-02831-2_3

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().