The SME Financing Gap (Vol. II)

The SME Financing Gap (Vol. II)

Proceedings of the Brasilia Conference, 27-30 March 2006 You do not have access to this content

Authors:
OECD
Publication Date :
17 Apr 2007
Pages :
278
ISBN :
9789264029453 (PDF) ; 9789264029446 (print)
DOI :
10.1787/9789264029453-en

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A significant number of entrepreneurs and small and medium-sized enterprises (SMEs) could use funds productively if they were available, but are often denied access to financing. This impedes their creation and growth. The "financing gap" was the subject of the OECD Global Conference on "Better Financing for Entrepreneurship & SME Growth", held in Brasilia, Brazil in March 2006. This book presents a synthesis of the Conference discussions on the credit and equity financing gaps, as well as on private equity definitions and measurements. It also offers a selection of papers given by some of the key stakeholders (SMEs, government and financial institutions) confronting these important issues.

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  • Mark
  • Key Remarks: Extracts from Speeches
  • Part I: Synthesis
    This synthesis comprises a summary of the discussions held during the OECD Brasilia Conference and its parallel workshops and session. For a complete Conference Programme, detailing Chairs, Speakers, Discussants and Rapporteurs, please consult Annex A
  • Part II: Selected Papers

    The first plenary keynote session focussed on better understanding the SME Finance Gap, looking at the issue from both a debt and private equity capital perspective, and providing new insights into the nature of market failure in SME finance. In so doing, it will provided the framework and broad overview for both Workshops A and B through covering both credit and equity issues.

  • Workshop A: Credit Financing for SMEs: Constraints and Innovative Solutions
  • Workshop B: Equity Financing for SMEs and the Role of Government
    The objectives of Workshop B were to gather additional evidence relating to difficulties for SMEs in gaining access to equity finance, to report on policies and programmes to address these difficulties, the lessons learnt in applying policies and programmes, and to provide guidance to Governments, as well as to SMEs, on the options for intervention to improve SME equity financing.
  • Technical Workshop on Private Equity Definitions and Measurements
    The purpose of the Workshop for Private Equity Definitions and Measurement is to promote discussion and seek agreement from participants to the development of standard definitions for venture capital. The workshop will also consider the two broad frameworks for measurement that have developed: those promoted by the Private Equity Industry Guidelines Group and international guidelines based around the work of several European venture capital associations. This paper will consider the key concepts underlying the two sets of valuation guidelines with a view to drawing out similarities and key differences. This paper was prepared to frame the discussions held at this workshop. It was sent in advance to all speakers and discussants of the Workshop.
  • Final Plenary Session: Financial Innovations for SME Credit and Equity Financing: The Contributions of Markets and Governments
    Difficulties in accessing finance are often cited as a barrier to SME growth. However, there is usually little empirical evidence to test this assumption. This paper presents the results of surveys of firms’ experiences in seeking debt and equity finance in Canada (2001) and New Zealand (2004).
  • Annex A and B
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