Overview
- Gathers content in finance, economics, accounting and regulation by 13 top professional business and policy makers
- Unifies two sectors, state and private, and their stance towards SMEs
- Looks at the International Financial Reporting Standards (IFRS) for SMEs and how the SMEs report in a new financial environment
- Explains the EU approach in crowdfunding and ICOs in the context of the Commission's Fintech Task Force
- Argues that governments in Europe should start to more actively support certain method of financing rather than others
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Table of contents (12 chapters)
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Front Matter
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Financing
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Front Matter
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Financial Reporting
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Front Matter
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Back Matter
Keywords
About this book
The economy is being shaped by new models of financing and financial reporting. Read this practitioners’ view to understand the current changes and challenges.
Reviews
“In the present context of restrictions in the SME financing market, this book reveals new innovative ways to obtain SME financing and elaborates on a realistic approach regarding harmonized financial reporting for European SMEs. Reading about the most recent views and nuanced thoughts on these topics by various experts in the field was very enriching.” (Anne-Mie Reheul, Professor, KU Leuven, Brussels Campus)
“Despite the importance that Alternative Finance has in praxis, there is a lack of more deeper and detailed studies about this trend, as one would wish. Accordingly, is always good news the publication of a book like this one written by practitioners and which allows to professionals, academics and any other interested on this matter have a great understanding about it. Also, from an academic point of view is interesting because it help us to better prepare students for a real life job. In conclusion, the book is essential reading for those who want to know about new models for financing.” (Enrique Moreno Serrano, Profesor, Universidad Rey Juan Carlos, Spain)
“This fascinating book, New Models of Financing and Financial Reporting for European SMEs, is a contribution to the debate on reshaping the European economic system. SMEs represent 99% of the EU’s number of companies and are a driver that go beyond business circles and affects society and everyday life. The authors present an innovative approach, of practitioners, to inform and equip the reader and the market participants with XXI century business lessons and aptitudes. By uniting financing and financial reporting from a business and policy perspective this study is the most consistent of its kind.” (Steven Woolfe, Member of the European Parliament, Brussels, Belgium)
“EU SMEs trade reached 4 trillion euro in transactions and new technologies like the DLT and blockchain shall improve the existing value chains and reduce business costs. In a very competitive economic international environment the European Union SMEs need not only to keep up with their American and Chinese counterparts, but must actually set market trends. The IFRS as applied in the EU and IFRS for SMEs can determine access to world markets providing a better understanding of companies’ business models and financial position. This book came on the table at the right time as a guide to practitioners, but also to academics. Well structured, easy to read, presenting a high quality analysis and addressing an under-studied area of business economics: how financing and financial reporting react to one another and adapt to markets. Definitely a must read.” (Iuliu Winkler, Member of the European Parliament, Vice-Chair of the International Trade Committee)
“The editors and authors of this collective volume draw upon their expertise, as well as their professional and institutional experience, to provide timely and informative perspectives on the specific financial needs of small and medium enterprises (SME) in Europe.” (Dr. Yuri Biondi, CNRS, University Paris Dauphine PSL, France)
“From a financial reporting perspective, this is the most anticipated book of the year. Focusing on financing and financial reporting, the editors Eva Kaili, Dimitrious Psarrakis and Raz van Hoinaru touch upon politics, regulation, business and innovation, providing a 360-degree view on IFRS for SMEs. A rich book whose use of knowledge can create the next market leader!” (Bogdan Chirițoiu, Chairman of the Competition Council, Romania)
Editors and Affiliations
About the editors
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.
Bibliographic Information
Book Title: New Models of Financing and Financial Reporting for European SMEs
Book Subtitle: A Practitioner's View
Editors: Eva Kaili, Dimitrios Psarrakis, Raz van Hoinaru
DOI: https://doi.org/10.1007/978-3-030-02831-2
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature 2019
Hardcover ISBN: 978-3-030-02830-5Published: 15 March 2019
eBook ISBN: 978-3-030-02831-2Published: 28 February 2019
Edition Number: 1
Number of Pages: XXXVI, 179
Number of Illustrations: 4 b/w illustrations
Topics: Financial Accounting, Banking, Financial Law/Fiscal Law