Private enterprises are essential to a nation’s economy and society - yet without finance, or risk capital, they may never get off the ground. Lack of risk capital on suitable terms thus frustrates entrepreneurial ambition, and checks economic growth. And, just as damaging, the search for finance can lead companies and businesses into unsuitable funding arrangements - such as bank loans or equity deals with external investors - that burden them with excessive debt or limit the ability of managers to run the business. This book proposes a fresh solution to the search for risk capital that should suit enterprise and investor alike. Ian Whalley begins by describing the rich inheritance of private enterprises and the financial systems which support them in major market economies. He looks at some serious problems which afflict many enterprises when they seek funding through conventional methods: from small and medium-size firms to major companies, providers of public services and diverse enterprises such as mutual and non-profit organisations. A common theme emerges - enterprises of all types struggle to obtain risk capital without taking on debt or compromising effective management control. The capital is necessary but the drawbacks are potentially fatal.
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Ian Whalley qualified as a chartered accountant. After working in Africa and Europe, he specialised in export credit and overseas project finance at a merchant bank in London and New York. He then worked in risk capital and the licensing of intellectual property, and latterly in the financing and provision of public services. Subsequently he completed a Master of Research degree in order to prepare the ground for this book.
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Soft cover. Etat : Very Good. N° de réf. du vendeur c14340
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