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The Role of the Public Sector

In: Bridging the Equity Gap for Innovative SMEs

Author

Listed:
  • Elisabetta Gualandri
  • Paola Schwizer

Abstract

Small and medium-sized enterprises (SMEs) play an essential role in the economy internationally and above all in Europe, where over 20 million SMEs account for around two-thirds of jobs and half of turnover in the non-agricultural business sectors. SMEs’ contribution to growth and employment, not to mention innovation, makes them key players in the achievement of the Lisbon Strategy goals (European Investment Bank, 2005). At the same time, restrictions on SMEs’ access to external finance create undesirable obstacles to employment and growth.

Suggested Citation

  • Elisabetta Gualandri & Paola Schwizer, 2008. "The Role of the Public Sector," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Elisabetta Gualandri & Valeria Venturelli (ed.), Bridging the Equity Gap for Innovative SMEs, chapter 8, pages 145-172, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-22724-8_9
    DOI: 10.1057/9780230227248_9
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    Cited by:

    1. Elisa Giacosa & Alberto Mazzoleni, 2017. "The Relationships between Companies and Bank System: An Analysis of Italian Context," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(10), pages 1-1, September.

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