Business elevators : an innovative model for accelerating growth of SMEs in developing markets
Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2012.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2012
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| Online Access: | http://hdl.handle.net/1721.1/72937 |
| _version_ | 1811075940779819008 |
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| author | Cárdenas E., Fernando |
| author2 | Antoinette Schoar. |
| author_facet | Antoinette Schoar. Cárdenas E., Fernando |
| author_sort | Cárdenas E., Fernando |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2012. |
| first_indexed | 2024-09-23T10:13:43Z |
| format | Thesis |
| id | mit-1721.1/72937 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T10:13:43Z |
| publishDate | 2012 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/729372019-04-10T07:45:38Z Business elevators : an innovative model for accelerating growth of SMEs in developing markets Innovative model for accelerating growth of small and medium enterprises in developing markets Cárdenas E., Fernando Antoinette Schoar. Sloan School of Management. Sloan School of Management. Sloan School of Management. Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2012. Cataloged from PDF version of thesis. Includes bibliographical references (p. 101-107). Difficulties in finding adequate sources of financing and lack of managerial capital are two of the most important reasons hindering growth and innovation of SMEs in developing countries. The need for sophisticated financial contracts that allow for separation of ownership and control is today a fundamental element for the existing models that try to address these issues. In this study I investigate alternative mechanisms for effectively achieving the same objectives in markets where the financial infrastructure is less developed and standard common law contracting tools are not available. This research focuses on three specific topics: liquidity, control rights and asymmetric information. It examines the available literature and the practical experience of investors, entrepreneurs and other agents in a representative market like Colombia, to develop a new framework for analyzing the financing strategy of SMEs and presents an innovative business model for supporting their growth in developing markets based on alternative mechanisms that facilitate the combination of financial and managerial capital to stimulate growth and innovation. by Fernando Cárdenas E.. S.M. 2012-09-13T19:36:59Z 2012-09-13T19:36:59Z 2012 2012 Thesis http://hdl.handle.net/1721.1/72937 808374143 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 107 p. application/pdf d------ Massachusetts Institute of Technology |
| spellingShingle | Sloan School of Management. Cárdenas E., Fernando Business elevators : an innovative model for accelerating growth of SMEs in developing markets |
| title | Business elevators : an innovative model for accelerating growth of SMEs in developing markets |
| title_full | Business elevators : an innovative model for accelerating growth of SMEs in developing markets |
| title_fullStr | Business elevators : an innovative model for accelerating growth of SMEs in developing markets |
| title_full_unstemmed | Business elevators : an innovative model for accelerating growth of SMEs in developing markets |
| title_short | Business elevators : an innovative model for accelerating growth of SMEs in developing markets |
| title_sort | business elevators an innovative model for accelerating growth of smes in developing markets |
| topic | Sloan School of Management. |
| url | http://hdl.handle.net/1721.1/72937 |
| work_keys_str_mv | AT cardenasefernando businesselevatorsaninnovativemodelforacceleratinggrowthofsmesindevelopingmarkets AT cardenasefernando innovativemodelforacceleratinggrowthofsmallandmediumenterprisesindevelopingmarkets |