In: Ekonomický časopis/Journal of Economics, vol. 56, no. 10
Bohuslava Mihalčová - Jozefína Hvastová
Details:
Year, pages: 2008, 973 - 986
Keywords:
mezzanine finance, equity, senior debt, subordinate debt, SME
JEL Classification: F36, G21, G32, M21
Article type: Vedecký / Article
About article:
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 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.
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 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.
How to cite:
ISO 690:
Mihalčová, B., Hvastová, J. 2008. Mezanínové financovanie – jeho význam a úloha v ekonomike. In Ekonomický časopis/Journal of Economics, vol. 56, no.10, pp. 973-986. 0013-3035.
APA:
Mihalčová, B., Hvastová, J. (2008). Mezanínové financovanie – jeho význam a úloha v ekonomike. Ekonomický časopis/Journal of Economics, 56(10), 973-986. 0013-3035.