简介
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. Table of Content : Foreword Key Remarks: Extracts from Speeches -Brazil and the World Growing with SMEs by Luiz Fernando Furlan, Minister of Development, Brasil -Speech by Herwig Schlogl, Deputy Secretary-General, OECD -Speech by Ali Coskun, Minister for Industry and Trade, Turkey -The Role of SME Policy and the Current State of SME Finance in Japan by Takao Suzuki, Chairman, Organisation for Small and Medium Enterprises and Regional Innovation of Japan Part I. Synthesis -Plenary Keynote Session: The SME Financing Gap: Theory and Evidence -Workshop A: Credit Financingt for SMEs: Constraints and Innovative Solutions -Workshop B: Equity Financing for SMEs and the Role of Government -Technical Workshop on Private Equity Definitions and Measurements -Plenary Closing Session Part II: Selected Papers Plenary Keynote Session: The SME Financing Gap: Theory and Evidence -Access to Financial Services: A Key Element in a Comprehensive Development Agenda by Enrique Garc?-a -Polish Entreneurs: Access to Capital by Andrezj Kaczmarek -The Financing Gap for SMEs in Brazil by Roberto Luis Troster -Get to Know Your SMEs by Stuart Wilson Workshop A. Credit Financing for SMEs: Constraints and Innovative Solutions -Banque de France Rating by Daniel Gabrielli -Access of Micro and Small Enterprises to Credit in Brazil by Jos?? Mauro de Morais -Credit Allocation and Efficiency: The Case of Japan by Iichiro Uesugi -The Role of State-Funded Credit Guarantee Schemes for SMEs: Italy's Experience by Salvatore Zecchini and Marco Ventura Workshop B: Equity Financing for SMES and the Role of Government -Equity Financing for SMEs: The Nature of the Market Failure by Jean-Noel Durvy -A Review of Access to Finance Matters Related to the Development Finance Institutions of the DTI by Don Mashele -GBS Venture Capital Partners, Australia - A Case Study in Government Programmes to Kick Start a Venture Capital Industry by Brigitte Smith Technical Workshop on Private Equity Definitions and Measurements -Private Equity Definitions and Measurements: Issues Paper: Damn Lies, Statistics and Venture Capital Statistics by Victor Bivell -Standard Definitions and Valuation Methods for the Measurement of Private Equitry by Jeong Min Kim Towards Practical Valuation Approaches for Venture Capital Funds byThomas Meyer Final Plenary Session: Financial Innovations for SME Credit and Equity Financing: The Contributions of Markets and Governments -Buildinga Better Understanding of SME Financing: Lessons Learnt by Canada and New Zealand on SME Finance Data Collection Initiatives by blari Robertson and Brad Belanger -Financial Intermediation: The role of Information Production in Matching the Demand and Supply of Credit by Nadine Levratto -Permanent Forum onf Micro-Enterprises and Small Firms: Meausre to Strengthen Credit in Brazil by Candid Maria Cervieri Annex A: Conference Programme Annex B. The OECD Brasilia Action Statement on SME and Entrepreneurship Financing
目录
Table Of Contents:
Foreword 3(4)
Key Remarks: Extracts from Speeches 7(10)
Minister of Development, Industry and Foreign Trade, Brazil 9(2)
Mr. Luiz Fernando Furlan
Deputy Secretary-General, OECD 11(2)
Mr. Herwig Schlogl
Minister for Industry and Trade, Turkey 13(2)
Mr. Ali Coskun
Chairman, Organisation for SMEs and Regional Innovation Japan (SMRJ), Japan 15(2)
Mr. Takao Suzuki
Part I: Synthesis 17(16)
Plenary Keynote Session: The SME Financing Gap: Theory and Evidence 18(2)
Workshop A: Credit Financing for SMEs: Constraints and Innovative Solutions 20(4)
Workshop B: Equity Financing for SMEs and the Role of Government 24(5)
Technical Workshop on Private Equity Definitions & Measurements 29(2)
Plenary Closing Session 31(2)
Part II: Selected Papers 33(204)
Plenary Keynote Session: ``The SME Financing Gap: Theory and Evidence'' 35(32)
Access to Financial Services: A Key Element in a Comprehensive Development Agenda 36(7)
Mr. Enrique Garcia
Polish Entrepreneurs: Access to Capital [ speech excerpt ] 43(3)
Mr. Andrezj Kaczmarek
The Financing Gap for SMES in Brazil 46(13)
Mr. Roberto Luis Troster
The SME Financing Gap: Theory and Evidence [ speech excerpt ] 59(4)
Mr. Joan Trullen Thomas
Get to Know Your SMEs 63(4)
Mr. Stuart Wilson
Workshop A: Credit Financing for SMEs: Constraints and Innovative Solutions 67(58)
Banque de France Rating 68(12)
Mr. Daniel Gabrielli
Access of Micro and Small Enterprises to Credit in Brazil 80(12)
Mr. Jose Mauro de Morais
Credit Allocation and Efficiency: The Case of Japan 92(14)
Mr. Iichiro Uesugi
The Role of State-Funded Credit Guarantee Schemes for SMEs: Italy's Experience 106(19)
Mr. Salvatore Zecchini
Mr. Marco Ventura
Workshop B: Equity Financing for SMEs and the Role of Government 125(26)
Equity Financing for SMEs: ``The Nature of the Market Failure'' 126(6)
Mr. Jean-Noel Durvy
A Review of Access to Finance Matters Related to the Development Finance Institutions of the DTI [paper excerpt] 132(13)
Mr. Don Mashele
GBS Venture Partners, Australia - A Case Study in Government Programmes to Kick Start a Venture Capital Industry 145(6)
Ms. Brigitte Smith
Technical Workshop on Private Equity Definitions and Measurements 151(42)
Private Equity Definitions and Measurements: Issues Paper 152(10)
...Damn Lies, Statistics and Venture Capital Statistics 162(16)
Mr. Victor Bivell
Standard Definitions and Valuation Methods for the Measurement of Private Equity 178(5)
Mr. Jeong Min Kim
Towards Practical Valuation Approaches for Venture Capital Funds 183(10)
Mr. Thomas Meyer
Final Plenary Session: Financial Innovations for SME Credit and Equity Financing: The Contributions of Markets and Governments 193(44)
Building a Better Understanding of SME Financing: Lessons learnt by Canada and New Zealand on SME Finance Data Collection Initiatives 195(16)
Mr. Blair Robertson
Mr. Brad Belanger
Financial Intermediation: The Role of Information Production in Matching the Demand and Supply of Credit 211(15)
Ms. Nadine Levratto
Permanent Forum of Micro-Enterprises and Small Firms: Measures to Strengthen Credit in Brazil 226(11)
Ms. Candida Maria Cervieri
Annex A: Conference Programme for OECD Global Conference on Better Financing for Entrepreneurship and SME Growth 237(36)
Annex B: The OECD Brasilia Action Statement on SME and Entrepreneurship Financing 273
Foreword 3(4)
Key Remarks: Extracts from Speeches 7(10)
Minister of Development, Industry and Foreign Trade, Brazil 9(2)
Mr. Luiz Fernando Furlan
Deputy Secretary-General, OECD 11(2)
Mr. Herwig Schlogl
Minister for Industry and Trade, Turkey 13(2)
Mr. Ali Coskun
Chairman, Organisation for SMEs and Regional Innovation Japan (SMRJ), Japan 15(2)
Mr. Takao Suzuki
Part I: Synthesis 17(16)
Plenary Keynote Session: The SME Financing Gap: Theory and Evidence 18(2)
Workshop A: Credit Financing for SMEs: Constraints and Innovative Solutions 20(4)
Workshop B: Equity Financing for SMEs and the Role of Government 24(5)
Technical Workshop on Private Equity Definitions & Measurements 29(2)
Plenary Closing Session 31(2)
Part II: Selected Papers 33(204)
Plenary Keynote Session: ``The SME Financing Gap: Theory and Evidence'' 35(32)
Access to Financial Services: A Key Element in a Comprehensive Development Agenda 36(7)
Mr. Enrique Garcia
Polish Entrepreneurs: Access to Capital [ speech excerpt ] 43(3)
Mr. Andrezj Kaczmarek
The Financing Gap for SMES in Brazil 46(13)
Mr. Roberto Luis Troster
The SME Financing Gap: Theory and Evidence [ speech excerpt ] 59(4)
Mr. Joan Trullen Thomas
Get to Know Your SMEs 63(4)
Mr. Stuart Wilson
Workshop A: Credit Financing for SMEs: Constraints and Innovative Solutions 67(58)
Banque de France Rating 68(12)
Mr. Daniel Gabrielli
Access of Micro and Small Enterprises to Credit in Brazil 80(12)
Mr. Jose Mauro de Morais
Credit Allocation and Efficiency: The Case of Japan 92(14)
Mr. Iichiro Uesugi
The Role of State-Funded Credit Guarantee Schemes for SMEs: Italy's Experience 106(19)
Mr. Salvatore Zecchini
Mr. Marco Ventura
Workshop B: Equity Financing for SMEs and the Role of Government 125(26)
Equity Financing for SMEs: ``The Nature of the Market Failure'' 126(6)
Mr. Jean-Noel Durvy
A Review of Access to Finance Matters Related to the Development Finance Institutions of the DTI [paper excerpt] 132(13)
Mr. Don Mashele
GBS Venture Partners, Australia - A Case Study in Government Programmes to Kick Start a Venture Capital Industry 145(6)
Ms. Brigitte Smith
Technical Workshop on Private Equity Definitions and Measurements 151(42)
Private Equity Definitions and Measurements: Issues Paper 152(10)
...Damn Lies, Statistics and Venture Capital Statistics 162(16)
Mr. Victor Bivell
Standard Definitions and Valuation Methods for the Measurement of Private Equity 178(5)
Mr. Jeong Min Kim
Towards Practical Valuation Approaches for Venture Capital Funds 183(10)
Mr. Thomas Meyer
Final Plenary Session: Financial Innovations for SME Credit and Equity Financing: The Contributions of Markets and Governments 193(44)
Building a Better Understanding of SME Financing: Lessons learnt by Canada and New Zealand on SME Finance Data Collection Initiatives 195(16)
Mr. Blair Robertson
Mr. Brad Belanger
Financial Intermediation: The Role of Information Production in Matching the Demand and Supply of Credit 211(15)
Ms. Nadine Levratto
Permanent Forum of Micro-Enterprises and Small Firms: Measures to Strengthen Credit in Brazil 226(11)
Ms. Candida Maria Cervieri
Annex A: Conference Programme for OECD Global Conference on Better Financing for Entrepreneurship and SME Growth 237(36)
Annex B: The OECD Brasilia Action Statement on SME and Entrepreneurship Financing 273
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