Public policy to promote access to financiing of smes in Spain: The Alternative Investment Market (AIM).

The current economic crisis has affected the chances of attracting financing of small and medium-sized Spanish companies. To the tightening of credit conditions we must add also the increased risk because, on the one hand, the increase in defaults and, secondly, the fall in sales volume caused both...

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Autores principales: Carmen Calderón Patier, Álvaro González Lorente
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ES
Publicado: AECOOP Escuela de Estudios Cooperativos 2013
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Acceso en línea:https://doaj.org/article/87eb813c5b07408fbe285035feb881aa
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spelling oai:doaj.org-article:87eb813c5b07408fbe285035feb881aa2021-11-12T13:14:34ZPublic policy to promote access to financiing of smes in Spain: The Alternative Investment Market (AIM).1135-66181885-803110.5209/rev_REVE.2012.v109.40652https://doaj.org/article/87eb813c5b07408fbe285035feb881aa2013-01-01T00:00:00Zhttp://revistas.ucm.es/index.php/REVE/article/view/40652https://doaj.org/toc/1135-6618https://doaj.org/toc/1885-8031The current economic crisis has affected the chances of attracting financing of small and medium-sized Spanish companies. To the tightening of credit conditions we must add also the increased risk because, on the one hand, the increase in defaults and, secondly, the fall in sales volume caused both by the significant loss of purchasing power of consumers as by increasing distrust. In this context the Alternative Investment Market (AIM), emerges as an alternative stock exchange market to provide financing to smaller companies, that however, want to expand and reach more markets than its own financial structure could afford. The main objective of the AIM is to provide financial resources, by increasing equity to companies undergoing expansion, both nationally and internationally. In this paper we analyze the main characteristics of this new market and tax benefits for both investors and businesses.Carmen Calderón PatierÁlvaro González LorenteAECOOP Escuela de Estudios CooperativosarticleMercado Alternativo de FinanciaciónPequeñas y Medianas empresasIncentivos fiscalesAyudas Económicas Públicas y AlternextEconomics as a scienceHB71-74ENESRevista de Estudios Cooperativos, Vol 109, Iss 0, Pp 81-109 (2013)
institution DOAJ
collection DOAJ
language EN
ES
topic Mercado Alternativo de Financiación
Pequeñas y Medianas empresas
Incentivos fiscales
Ayudas Económicas Públicas y Alternext
Economics as a science
HB71-74
spellingShingle Mercado Alternativo de Financiación
Pequeñas y Medianas empresas
Incentivos fiscales
Ayudas Económicas Públicas y Alternext
Economics as a science
HB71-74
Carmen Calderón Patier
Álvaro González Lorente
Public policy to promote access to financiing of smes in Spain: The Alternative Investment Market (AIM).
description The current economic crisis has affected the chances of attracting financing of small and medium-sized Spanish companies. To the tightening of credit conditions we must add also the increased risk because, on the one hand, the increase in defaults and, secondly, the fall in sales volume caused both by the significant loss of purchasing power of consumers as by increasing distrust. In this context the Alternative Investment Market (AIM), emerges as an alternative stock exchange market to provide financing to smaller companies, that however, want to expand and reach more markets than its own financial structure could afford. The main objective of the AIM is to provide financial resources, by increasing equity to companies undergoing expansion, both nationally and internationally. In this paper we analyze the main characteristics of this new market and tax benefits for both investors and businesses.
format article
author Carmen Calderón Patier
Álvaro González Lorente
author_facet Carmen Calderón Patier
Álvaro González Lorente
author_sort Carmen Calderón Patier
title Public policy to promote access to financiing of smes in Spain: The Alternative Investment Market (AIM).
title_short Public policy to promote access to financiing of smes in Spain: The Alternative Investment Market (AIM).
title_full Public policy to promote access to financiing of smes in Spain: The Alternative Investment Market (AIM).
title_fullStr Public policy to promote access to financiing of smes in Spain: The Alternative Investment Market (AIM).
title_full_unstemmed Public policy to promote access to financiing of smes in Spain: The Alternative Investment Market (AIM).
title_sort public policy to promote access to financiing of smes in spain: the alternative investment market (aim).
publisher AECOOP Escuela de Estudios Cooperativos
publishDate 2013
url https://doaj.org/article/87eb813c5b07408fbe285035feb881aa
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AT alvarogonzalezlorente publicpolicytopromoteaccesstofinanciingofsmesinspainthealternativeinvestmentmarketaim
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