When it comes to financially supporting businesses, one crucial topic has always been particularly interesting to scholars and business players alike: financing startups and small to medium enterprises (SMEs). An innovative perspective in point focuses on placing relevant financial tools within the life cycle of the business itself, revisiting existing solutions and enriching new offerings in the light of new tools, of opportunities available thanks to digital technologies, of updated regulation and considering the changes fostered by the financial crisis in 2008 and the debt crisis in 2011.
It is this kind of approach that Maria Debora Braga, Affiliate Professor di Banking and Insurance, SDA Bocconi and Luisa Aderloni suggest in their recent book published by Pearson. The book covers “traditional” intermediaries specializing in financing startups (venture capital and private equity funds) or SMEs (trade associations guaranteeing members’ credit lines and public funding agencies [by the Italian regional governments]), as well as more recent intermediaries such as private debt funds, university spin-offs and special acquisition companies (SPACs), and also those financial instruments devoted to minor businesses (mini-bonds and minor “bond markets”, such as equity crowdfunding platforms and growth markets). In the book a focus is made on each of these dimensions from the theoretical and institutional points of view , and often with empirical analyses of intermediaries and market performance.
The book addresses researchers and financial players who are interested in an updated overview of the financial processes concerning startups and SMEs, as well as university students specializing in corporate finance or financial intermediation.
SDA Bocconi School of Management
The program aims at providing the practical tools needed to design and manage corporate growth processes, by exploring the various steps of funding.