期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2015
卷号：15
期号：2
语种：English
出版社：Ovidius University Press
摘要：Improving access to finance for SMEs by promoting the development of alternative non-banking financing channels represents in the current context a highly debated topic by European and national authorities, and academics. This paper discusses the possibility of EU28 SMEs financing through the capital markets, highlighting the difficulties faced by SMEs when seeking to obtain finance in these markets, but also the funding opportunities based on the market that have emerged in recent years. Furthermore, our study highlights the main recent EU initiatives used to develop alternative sources for SMEs financing, which are intended to complement bank lending. By its content, our paper emphasizes the need to promote and develop of market-based financing instruments in order to reduce excessive dependence of SMEs by banks, but also to strengthen the resilience of real economy to shocks and banking crises.
