Mind the gap: Public equity as a financing solution for medium-sized enterprises and the influence of national culture

Lisa Paula Koch
Purpose: SMEs are the backbone of today’s economies. In order to be able to persist sustainably, sufficient access to finance is necessary. However, there is a financing gap for SMEs and traditional bank financing is not sustainable anymore due to ever more constraints. This research proposes the use of public equity to gain funding. However, the acceptance of public equity differs strongly between countries. The United Kingdom and Germany represent two polar extremes of financial...
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