MEZANÍNOVÉ FINANCOVAIE – JEHO VÝZNAM A ÚLOHA V EKONOMIKE

• Authors: Mihalčová Bohuslava , Hvastová Jozefína

Title variants

EN

Significance and the role of mezzanine financing in the economy

• Languages of publication: SK

Abstracts

EN

Mezzanine finance is a term for hybrid forms of finance. It has features of both debt and equity. Mezzanine finance instruments have been gaining in importance but remain little used compared to classic loan financing. The significance of mezzanine financing becomes more important when it comes to Small and medium size enterprises - SMEs, which are the backbone of the European economy. SMEs often do not meet the criteria to obtain mezzanine finance or they do not have access to it. However, the problem is up-to-date. This paper focuses on definition, purpose and use of mezzanine finance in European region. In detail this article analyses the application of mezzanine finance for different classes of SMEs. Finally, it points out the significance and role of mezzanine finance and compares its advantages and possible disadvantages.

Keywords

EN

EQUITY; MEZZANINE FINANCE; SENIOR DEBT; SMALL AND MEDIUM SIZE ENTERPRISES; SUBORDINATE DEBT

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2008
• Volume: 56
• Issue: 10
• Pages: 973-986
• Document type: ARTICLE

Contributors

author

Mihalčová Bohuslava

• Ekonomická univerzita v Bratislave, Podnikovohospodárska fakulta v Košiciach, Tajovského 13, 041 30 Košice, Slovak Republic

author

Hvastová Jozefína

• B. Mihalcova, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

09SKAAAA05632