Financing Newly Emerging Private Enterprises in Transition Economies
By: Organisation for Economic Co-operation and Development
Publisher: OECD Publishing
Published: 2000
Place of publication: Paris
Language: eng
Format: [electronic resource] /
Number of pages: 288
ISBN-13: 9789264180642
Subjects: Finance and Investment; Industry and Services
Description: Ten years into the transition, newly emerging private enterprises in transition economies, usually described as small and medium-sized enterprises (SMEs) in the international context, have come to play an increasingly important role as the driving engines of economic growth and employment creation. Accordingly, the policy considerations for developing SMEs are becoming very urgent and important for transition economies, especially through facilitating financial mechanisms for them, as limited availability of financial resources is the largest hindrance to their development. This publication gathers the proceedings of the Second Workshop on "Financing Newly Emerging Private Enterprises in Transition Economies" which was organised in Paris under the aegis of the OECD’s Centre for Co-operation with Non-Members with the sponsorship of the Japanese Government. This volume contains in-depth studies on various schemes for financing these enterprises, including credit guarantees, leasing, venture capital and capital market operations, as well as public schemes. In addition, it provides detailed and comparative information on the situation of SME development and the policy measures towards it.
Table of contents: title: Part I. Introduction; title: Financing Newly Emerging Private Enterprises in Transition Economies by Dietmar K. R. Klein; title: Part II. Small and Medium-Sized Enterprises (SME) Financing; title: Chapter 1. SME Financing in Transition Economies: Management, Conflicts and Monitoring by Kanichiro Suzuki and Michael Lacktorin; title: Chapter 2. SME Development in the Transition Economies by Masaru Honma; title: Chapter 3. SME Financing in the European Union by Antonio Espino; title: Chapter 4. Government Intervention in SME Development: Pro and Contra by David Storey; title: Part III. Financial Vehicles for SME Financing; title: A. Credit Guarantees; title: Chapter 5. The Role of Guarantee Schemes in Transitional Economies: Lessons from the Netherlands by R.J.M. J. Starmans; title: Chapter 6. Credit-Guarantee Schemes: The Italian Experience by Sergio E. Rossi; title: Chapter 7. The Credit Guaranty Association: Shared Risk-Management for SMEs by the Association of German Guaranty Banks; title: B. Leasing; title: Chapter 8. The Role of Leasing Industries in Transition Economies by Dr. Hans-Christian Donnerstag; title: Chapter 9. The Role of Leasing Industries in Transition Economies by Veronika Chtelmakh; title: C. Venture Capital and Capital Markets; title: Chapter 10. Lessons from Venture Capitalism in the United States by Timothy Haynes; title: Chapter 11. The Roles of Ventur Capital and Capital Markets in SME Financing: Experience in Germany by Dr. Ramona Budde; title: Chapter 12. EASDAQ - A Third Firnancial Revolution in Europe by Dirk Tirez; title: D. Public Schemes; title: Chapter 13. EU Schemes for SME Financing by Rudy Aernoudt; title: Chapter 14. Public Schemes for SME Financing in Transition Economies: The German Experience by Andrea Herrmannsen; title: Chapter 15. The Experience of the EBRD with SMEs in the Transition Economies by Francesca Pissarides; title: Part IV. Country Studies: SME Financing in Transition Economies; title: A. OECD Transition Economies; title: Chapter 16. Guarantee and Supporting Instruments for SMEs in the Czech Republic by Lubomir Rajdl; title: Chapter 17. Promoting the Financing of SMEs in Hungary by Klara Apatini; title: Chapter 18. SME Development and Policies in Hungary by Tibort Szakacks; title: Chapter 19. Credit Guarantees for Small and Medium Enterprises in Poland by Grazyna Gesicka; title: Chapter 20. Public Schemes for Financing SMEs in Poland by Wieslaw Starostka; title: B. Transition Economies Outside the OECD Area; title: Chapter 21. The Development of the SME Seector in Bulgaria by the Bulgarian Ministry of Finance, Ministry of Industry, Agency for Small and Medium-Sized Enterprises, and the Bulgarian National Bank; title: Chapter 22. The Development of SMEs in Estonia by Aleksander Bakirov; title: Chapter 23. A Review of the Estonian Leasing Market by Ain Noormagi; title: Chapter 24. SME Developm Policy in Latvia by the Ministry of Economy of the Republic of Latvia; title: Chapter 25. SME Development in Lithuania by Izolda Kruitkiene; title: Chapter 26. Financing SMEs in Russia by Veronika Chtelmakh; title: Chapter 27. SME Policies in the Slovak Republic by Juraj Matjan; title: Chapter 28. Public Schemes for Financing SMEs: The Slovenian Experience by Stasa Baloh-Plahutnik