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Harvey, Jackie; Macht, Stephanie; Sharma, Satish (2012)
Publisher: Northumbria University
Languages: English
Types: Book
Subjects: N100, N300
In March 2011, the Newcastle Business School, Northumbria University was commissioned by North East Access to Finance (NEA2F) to undertake a major piece of independent academic research to explore both the demand and supply sides of SME access to finance in the North East of England. The aim of the research was to gain insight and understanding into the challenges faced not only by the SME sector but also by the key suppliers of finance to that community, specifically the banking sector and Business Angels. Thus we do not take a position on what we think is right or what a best practice approach might be but rather reflect, as accurately as possible, the information that was shared with us. The research project commenced in May 2011 and was completed at the end of March 2012.
  • The results below are discovered through our pilot algorithms. Let us know how we are doing!

    • 1. Overview of SME Finance...................................................................................................... 24 1.1 Types of SMEs ............................................................................................................................................... 24 1.2 Sources of Finance for SMEs ......................................................................................................................... 25 1.2.1 Internal and Informal Sources of Finance................................................................. 25 1.2.2 External Debt ............................................................................................................ 26 1.2.3 External Mezzanine and Equity ................................................................................ 26 SMEs‟ Difficulties in Raising Finance................................................................................... 43 Support Interventions for Access to SME Finance .............................................................. 45 Banasik, J. & Crook, J. N. (2007) 'Reject Inference, augmentation and sample selection', European Journal of Operational Research, 183, pp. 1582-1594.
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    • Freear, J., Sohl, J. E. and Wetzel, W. E. J. (1994) „Angels and Non-Angels: Are there Differences?‟, Journal of Business Venturing, 9 (2), pp. 109-123.
    • Hackbarth, D., Hennessy, C. A. and Leland, H. E. (2007) „Can the Trade-off Theory Explain Debt Structure?‟, Review of Financial Studies, 20 (5), pp. 1389-1428.
    • Hand, D. J. (1998) 'Consumer Credit and Statistics', in Hand, D. J. & Jacka, S. D. (eds.) Statistics in Finance. London: Arnold, pp. 69-8.
    • Harding, R. and Cowling, M. (2006), “Assessing the scale of the equity gap”, Journal of Small Business and Enterprise Development, 13 (1), pp. 115-32.
    • Riding, A. L., Madill, J. J. and Haines, G. H. J. (2007) „Investment decision making by Business Angels‟, in Landström, H. (ed.) Handbook of Research on Venture Capital. Cheltenham: Edward Elgar Publishing Limited, pp. 332-346.
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