Sustainable finance for SMEs: the role of capital for sustainable and inclusive growth

By:

Aliano, Mauro

Material type: Text

TextPublication details: Springer Cham 2024Description: xxiii, 210 pISBN:

9783031741920

Subject(s):

Sustainable finance

DDC classification:

363.735 ALI

Summary: One of the greatest challenges facing humanity is to achieve sustainable and inclusive growth. In addition to public and state financial resources, policymakers leverage private companies to promote sustainable growth through green investments and innovations, encouraging private initiatives and financial activities. In this context, SMEs play a crucial role not only at the European level but also as economic actors implementing and pursuing policy goals. This book focuses on the capital and financial aspects of SME activities for sustainable and inclusive growth, aiming to provide a comprehensive overview of the state of the art. Starting from a business economics perspective, the book discusses financial instruments for both the short and long term. Supply Chain Finance (SCF) offers a theoretical framework for short-term instruments, improving overall supply chain sustainability through companies’ choices of suppliers, buyers, customers, financial institutions, and technology providers. Innovations such as FinTechs and Blockchain can enhance the effectiveness of sustainable business and bring about substantial changes in relationships among different actors. With regard to long-term instruments like debt capital, the book analyzes the traditional banking channel along with the role of the financial market. Factors such as the impact of FinTechs and other innovations on market efficiency have the potential to change financing activities, making relationships more complex and binding. In this complex system, new laws and regulations can mean sudden changes in terms of providing loans. The banking sector is increasingly using CSR drivers to assess creditworthiness and integrating green lending into credit policy, in keeping with central bank decisions and international board standards. These rules supplement existing ones on prudential supervision, capital buffers, and the broader international regulatory framework for banks. Lastly, the book explores the potential impact of “greenwashing” on SMEs pursuing sustainable practices. To address this, it proposes an approach to measuring sustainability for Italian SMEs based on a survey of 2500 enterprises and provides Matlab tools for investigating green and other sustainable behaviors. (https://link.springer.com/book/10.1007/978-3-031-74193-7)

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Finance & Accounting	363.735 ALI (Browse shelf(Opens below))	1	Available		008573

Table of contents:
Front Matter
Pages i-xxiii
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Mechanisms and Institutions
Front Matter
Pages 1-1
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Sustainable Supply Chain Finance: Bridging Theory and Practice
Mauro Aliano, Greta Cestari, Salvatore Madonna
Pages 3-16
How Can Companies Financially Sustain their Transition?
Mauro Aliano, Greta Cestari, Salvatore Madonna
Pages 17-27
Integrating ESG Risk into the Banking Prudential Framework in EU: The Impact on SMEs
Mauro Aliano, Greta Cestari, Salvatore Madonna
Pages 29-49
Sustainability and Market Efficiency for SMEs: Bubble or Opportunity?
Mauro Aliano, Greta Cestari, Salvatore Madonna
Pages 51-69
Instruments and Methods
Front Matter
Pages 71-71
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Financial Instruments for Green Finance Tailored to SMEs
Mauro Aliano, Greta Cestari, Salvatore Madonna
Pages 73-91
Initial Coin Offering as a Possible Way to Obtain Financial Resources
Mauro Aliano, Greta Cestari, Salvatore Madonna
Pages 93-101
Greenwashing
Mauro Aliano, Greta Cestari, Salvatore Madonna
Pages 103-124
Italian SMEs’ Sustainability Scores
Mauro Aliano, Greta Cestari, Salvatore Madonna
Pages 125-147
Companies Crisis
Front Matter
Pages 149-149
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Business Crisis and Bankruptcy Prediction Models: The Other Side of Sustainability
Mauro Aliano, Greta Cestari, Salvatore Madonna
Pages 151-176
Bankruptcy Prediction Models: From Predictive Performance to Economic and Organizational Sustainability
Mauro Aliano, Greta Cestari, Salvatore Madonna
Pages 177-210

[https://link.springer.com/book/10.1007/978-3-031-74193-7]

One of the greatest challenges facing humanity is to achieve sustainable and inclusive growth. In addition to public and state financial resources, policymakers leverage private companies to promote sustainable growth through green investments and innovations, encouraging private initiatives and financial activities. In this context, SMEs play a crucial role not only at the European level but also as economic actors implementing and pursuing policy goals. This book focuses on the capital and financial aspects of SME activities for sustainable and inclusive growth, aiming to provide a comprehensive overview of the state of the art.

Starting from a business economics perspective, the book discusses financial instruments for both the short and long term. Supply Chain Finance (SCF) offers a theoretical framework for short-term instruments, improving overall supply chain sustainability through companies’ choices of suppliers, buyers, customers, financial institutions, and technology providers. Innovations such as FinTechs and Blockchain can enhance the effectiveness of sustainable business and bring about substantial changes in relationships among different actors.

With regard to long-term instruments like debt capital, the book analyzes the traditional banking channel along with the role of the financial market. Factors such as the impact of FinTechs and other innovations on market efficiency have the potential to change financing activities, making relationships more complex and binding. In this complex system, new laws and regulations can mean sudden changes in terms of providing loans. The banking sector is increasingly using CSR drivers to assess creditworthiness and integrating green lending into credit policy, in keeping with central bank decisions and international board standards. These rules supplement existing ones on prudential supervision, capital buffers, and the broader international regulatory framework for banks.

Lastly, the book explores the potential impact of “greenwashing” on SMEs pursuing sustainable practices. To address this, it proposes an approach to measuring sustainability for Italian SMEs based on a survey of 2500 enterprises and provides Matlab tools for investigating green and other sustainable behaviors.

(https://link.springer.com/book/10.1007/978-3-031-74193-7)

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