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Quo vadis EU? Financing SMEs in the EU

In: Symposium for Young Researchers 2007: Proceedings

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  • Judit Glavanits

    (Széchenyi István University, Faculty of Law)

Abstract

These last years, some European regions and then European institutions have realised the importance of SMEs as instruments of development. The action of DG Enterprise and DG Regio of the European Commission has grown to a large extent out of this realisation. However, access to finance often remains one of the key factors in setting up and developing SMEs. It is an issue that is common to all European Union Member States, and possibly one that also affects a number of States in the US. It is increasingly recognised that SME access to finance is hampered by a number of market failures. But as opposed to the US, the EU does not have a programme equivalent to that operated by the SBA— United States Small Business Administration. So far... This short study is trying to deal with the question of what are the possibilities of Changing the ways of recent times.

Suggested Citation

  • Judit Glavanits, 2007. "Quo vadis EU? Financing SMEs in the EU," Proceedings Papers of Business Sciences: Symposium for Young Researchers (FIKUSZ) 2007, in: Anna Francsovics (ed.),Symposium for Young Researchers 2007: Proceedings, pages 65-77, Óbuda University, Keleti Faculty of Business and Management.
    • Handle: RePEc:pkk:sfyr07:65-77
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