Munich Personal RePEc Archive

Debt & equity costs determinants in small enterprise. JEREMIE fund influence on financial situation of SME

Michalski, Grzegorz (2008): Debt & equity costs determinants in small enterprise. JEREMIE fund influence on financial situation of SME. Published in: Proceeings of 4. mezinárodní konference Řízení a modelování finančních rizik (11. September 2008)

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Abstract

From financial perspective, the JEREMIE fund initiative is profitable and enhances the functioning of micro and small enterprises. Particularly profitable are aspects connected with providing these enterprises with equity capital (i.e. Business Angels, Venture Capital) as well as with the theoretical possibilities connected with reducing the financial risk by over regional institution guarantees (less vulnerable to potential risks occurring in the native region of the micro enterprises engaged in JEREMIE).

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