Over the past thirty years, a number of social entrepreneurs have managed to create fairly large social enterprises. Properly run and scaled, they can generate sufficient cash flow to support debt financing at manageable levels of risk and, depending on their business model and legal form, also...

Over the past thirty years, a number of social entrepreneurs have managed to create fairly large social enterprises. Properly run and scaled, they can generate sufficient cash flow to support debt financing at manageable levels of risk and, depending on their business model and legal form, also...

Previous studies have identified various factors underlying firm financing structure especially in large firms. However, few have attempted to document the reasons for financing preferences among microenterprises in developing countries. Employing a managerial-based theory, this study explores...

OECD governments have long assigned a high priority to improving conditions for access to finance for new, innovative and fast-growing SMEs and established firms pursuing expansion. This report analyses the potential and challenges of mezzanine finance for addressing diverse financing needs of...