Developing EU Capital Markets for SMEs: Mission impossible?

Apostolos Thomadakis

ECMI Papers from Centre for European Policy Studies

Abstract: Bank lending is the most common source of external finance for SMEs, but it doesn’t suit all of them. Young, innovative and fast-growing SMEs, in particular, do not have the required cash flows and collateral for bank financing and need alternatives to unlock their growth potential. Market-based finance is one alternative to help finance the activities of these SMEs. The European Commission’s renewed activities to develop market-based financing need to be stepped up in order to develop a credible capital market to finance SMEs in the EU.

Pages: 7 pages
Date: 2017-09
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Persistent link: https://EconPapers.repec.org/RePEc:eps:ecmiwp:12961

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