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| dc.title | The Equity-Financed Enterprise: Sharing Uncertainty to Support Investment |
| dc.contributor.author | Galizia, Federico |
| dc.contributor.orgunit | Office of Risk Management |
| dc.date.available | 2017-05-23T00:00:00 |
| dc.date.issue | 2017-04-16T00:00:00 |
| dc.description.abstract | This essay takes a non-mainstream approach to small business finance and investment, with a particular focus on Europe. We advocate for banks to provide quasi-equity finance to support investment in uncertain environments. Quasi-equity, differently from debt, would absorb the downside for the entrepreneur and enable banks to profit from the upside that uncertainty creates. Combined with securitization, we see a possibility to enhance the role and profitability of the banking system, while at the same time launching a novel and potentially attractive asset class for investors. |
| dc.format.extent | 19 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0000693 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/The-Equity-Financed-Enterprise-Sharing-Uncertainty-to-Support-Investment.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Equity Investing |
| dc.subject | Credit Risk |
| dc.subject | Non-Sovereign Guaranteed Credit Risk |
| dc.subject | Small Business Financing |
| dc.subject | Equity Investing |
| dc.subject.keywords | Equity-Financed Enterprise;Investment;Credit;small business finance;small business investment |
| dc.type | Discussion Papers |
| idb.identifier.pubnumber | Discussion Papers |
| idb.operation | N/A |