1. Home
  2. Studies
  3. SME Financing in the EU
Markus Demary / Joanna Hornik / Gibran Watfe IW-Report No. 11 13. April 2016 SME Financing in the EU

Moving Beyond One-Size-Fits-All

Download PDF
SME Financing in the EU
Markus Demary / Joanna Hornik / Gibran Watfe IW-Report No. 11 13. April 2016

SME Financing in the EU

IW-Report

German Economic Institute (IW) German Economic Institute (IW)

Moving Beyond One-Size-Fits-All

The proposal for a European Capital Markets Union (CMU) carries large potential economic benefits from enhancing the financing possibilities for Small and Medium-Sized Enterprises (SMEs). By deepening the capital markets and strengthening cross-border integration, the European Commission hopes to stimulate economic growth and boost employment. In this paper, we discuss to what extent these goals can be achieved, in light of the complex business environment of European SMEs. We outline the different types of SMEs in terms of their financing structures as well as the pervasive differences across the EU, concluding that any policy approach must take into account the diversity of the companies’ financing needs and the market realities in the Member States. We argue that the CMU is likely to have a heterogeneous impact, with some types of SMEs and certain regions gaining more than others.

Download PDF
SME Financing in the EU
Markus Demary / Joanna Hornik / Gibran Watfe IW-Report No. 11 13. April 2016

Markus Demary / Joanna Hornik / Gibran Watfe: SME Financing in the EU – Moving Beyond One-Size-Fits-All

IW-Report

German Economic Institute (IW) German Economic Institute (IW)

More on the topic

Read the article
How to reduce electricity prices – ideas of the Affordable Energy Act
Alexander Radunz / Sandra Parthie Event 29. January 2025

Breakfast debate: How to reduce electricity prices – ideas of the Affordable Energy Act

While Member states are ultimately responsible for their energy mix; their decisions have cross-border consequences. They impact the prices at the EEX and the use and need for interconnectors. We want to take a holistic look at these dynamics and focus on the ...

IW

Read the article
Markus Demary / Vera Demary IW-Policy Paper No. 7 2. September 2024

Crypto regulation in the EU

FC Bayern Munich footballers advertise for the crypto exchange Bitpanda, Crypto.com advertised with rapper Eminem during the NBA playoffs of the Los Angeles Lakers basketball team, whose arena was renamed “Crypto.com Arena” in 2021.

IW

Content element with id 8880 Content element with id 9713