New Models of Financing and Financial Reporting for European Smes: A Practitioner's View

ISBN-13: 9783030028305 / Angielski / Twarda / 2019 / 179 str.

Eva Kaili; Dimitrios Psarrakis; Raz Van Hoinaru

Spis treści

1. SMEs Literature Review: Perspectives of Studies -Raz van Hoinaru and Georgiana Oana Stănilă

Part I: Financing the European SMEs

2. The Role of the State in the Innovation Triangle - Law and Policy Fostering the Optimal Regulatory, Business and Innovation Policy Environment. -Pēteris Zilgalvis

3. Catalysing the SME Growth Ecosystem in the New Information Age- Luca Peyrano

4. Financing SMEs in the EU -Challenges and Opportunities - Horst Heitz 

5. Financing Models for SMEs in the Age of Disintermediation - Ruth Wandhöfer

 

6. Funding Innovation in the Era of Weak Financial Intermediation: Crowdfunding and ICOs for SMEs in the Context of the Capital Markets Union- Dimitris Psarrakis and Eva Kaili

Part II: Financial Reporting for the European SMEs 

7. Towards Business Model Reporting for SMEs - Colin Haslam

8. European SMEs: New Business Logic, New Financing Logic- Olivier Boutellis-Taft

9. Financial Reporting for Small Listed Companies- Darrel Scott

10.   Financial Reporting by Quoted SMEs- Andrew Watchman

11.   IFRS for Small and Medium-Sized Entities- Jens Berger, Veronica Poole, Laurence Rivat, 

12. Conclusion: Closing the Circle of Financing and Financial Reporting for SMEs. Our Formula- Raz van Hoinaru

O autorze

Eva Kaili is a Member of the European Parliament, elected in 2014. In her capacity as the Chair of the European Parliament's Science and Technology Options Assessment body (STOA), she has worked intensively on promoting innovation as a driving force of the establishment of the European Digital Single Market. She has been particularly active in the fields of blockchain technology, m/eHealth, big data, FinTech, AI and cybersecurity.

Dimitrios Psarrakis is Advisor of Economic and Monetary Policy at the European Parliament. He works mainly on files related to the Capital Markets Union, FinTech, and Financial Innovation. Prior to his work in the European Parliament he worked as credit risk specialist in the banking sector and advised the Greek Parliament during the years of the Greek debt crisis.

Raz van Hoinaru is part of the IFRS Permanent Team of the European Parliament. His work has spanned across public affairs agencies, government bodies, private companies, lobby and Parliament in-house policy development and advocacy. He has also taught classes at Queen Mary, University of London.

Blurb

This book looks at the 23 million registered Small and Medium Enterprises (SMEs) that make up 98 per cent of the EU economy. Addressing the high end of SMEs in terms of new models for SME funding and financial reporting, this merged way of looking at SMEs reveals a ‘myopic’ thinking in terms of net present value and (future) cash flows generating short-termism and low risk appetite for business. This is not an accounting issue, but rather a preference toward certain financial tools. A segment of SMEs, the ones that seek new ways of funding possibilities, as well as modern technologies (MTFs listing, blockchain, ICOs, etc.) do require, even without knowing, IFRS for SMEs. This book reveals how market conditions impact the financial performance and sustainability of SMEs and also generate innovative policy interventions and financing strategies for SME integrity and efficiency. The authors frame their arguments in the context of the Capital Markets Union, looking at the Innovation Triangle, SME growth ecosystem and business models. They conclude by advocating for closing the circle of financing and financial reporting for SMEs, while considering if new financial models of financing and financial reporting are good for all the SMEs or only for some. 

The economy is being shaped by new models of financing and financial reporting. Read this practitioners’ view to understand the current changes and challenges.