nep-cfn New Economics Papers
on Corporate Finance
Issue of 2005‒11‒09
two papers chosen by
Zelia Serrasqueiro
Universidade da Beira Interior

  1. SMEs, the engine of local entrepreneurship, in the framework of New Basel Capital Accord: Perspectives-opportunities and obstacles for their reinforcement by the Banking System By Chryssanthi Balomenou
  2. What Type of Public Capital Contributes to Private Production? By Fumitoshi Mizutani; Tomoyasu Tanaka

  1. By: Chryssanthi Balomenou
    Abstract: In the first part of my paper I will analyze the important role of SMEs as the most crucial factor for the development of the local entrepreneurship. In addition I will quote the arising difficulties in SMEs’ access to loans. This part will be concluded by the presentation of the Third Consultative Paper of The Basel II Capital Accord, in relation to its impact on SMEs, focussing on the comments of the European Central Bank, World Bank Eurochabres, and of the European Private Equity and Venture Capital Association and more specifically, on those referring to SMEs.. The second part will refer to the Structure of the New Accord Three Pillars, focussing on the Basel II Capital Adequacy framework and specifically on the first pillar (Minimum Capital Requirement). Obviously, the said part will be completed by the consequences of the aforementioned topic for the SMEs. In the third and last part of my paper I will work out a critical analysis of the New Basel Capital Accord, concentrating on its pros and corns for SMEs’ banking finance. Finally, my paper will contain an appendix of tables and graphs and of course the relevant references.
    Date: 2004–08
  2. By: Fumitoshi Mizutani; Tomoyasu Tanaka
    Abstract: The main purpose of this study is to determine whether public capital contributes to productivity growth and, if so, what kind of public capital contributes most. We analyze a dataset of 46 prefectures in Japan over 41 years, from 1955 to 1995, and estimate the production function as the first-differenced form. In the case where analysis was conducted using aggregate public capital, public capital shows a positive contribution to private production. However, we could find no clear productivity effects when using smaller components of public capital. Key Words: Public Capital, Productivity Effect, Infrastructure, Spill-over Effect JEL: Classification H50, H54, R53
    Date: 2004–08

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