Naslov
Challenges and perspectives of the Capital markets Union

Autori
Cvečić, Igor, Tomljanović, Marko, Barić, Ana

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni

Knjiga
Suvremeni izazovi EU-a, Republike Hrvatske i zemalja Zapadnoga Balkana – Contemporary Challneges of the EU, the Republic of Croatia and the Western Balkan Countries

Urednik/ci
Tomljanović, Marko

Izdavač
Ekonomski fakultet Sveučilišta u Rijeci ; Grad Novalja

Grad
Rijeka

Godina
2020

Raspon stranica
97-112

ISBN
978-953-7813-60-4

Ključne riječi
EU, Capital Markets, SME, CMU, entrepreneurial finance

Sažetak
Small and Medium Enterprises (SME) in Europe significantly contribute to economic growth and employment. Despite the great importance for the European economy, SMEs are faced with significant limitations and challenges, including the complexity of access to financing. The research problem stems from the difficult access to financial resources faced by European SMEs, primarily due to the weak creditworthiness, which has emerged as a direct consequence of the global economic crisis. In order to overcome these obstacles and ensure conditions for further SME development, the EU has embarked on the realization of the Capital Markets Union (CMU), whose full implementation is planned in several stages and is expected to be completed in the following year(s). The purpose of the research is to analyse the key elements of the CMU and to determine its effects on European companies. The purpose of the research is, bases on relevant scientific findings, to identify the challenges and perspectives for further implementation of the CMU. The research carried out has shown that the current implementation of the CMU has greatly contributed to the dynamics of different aspects of the European economy, particularly entrepreneurship, which has also been reflected in improved quality of living standard of Europeans. Positive effects are visible primarily from increased availability of information through various entrepreneurial programs and education schemes, resulting in increased business success and greater market sustainability. CMU has enabled capital markets from all Member States to become open and globally competitive, well-regulated and integrated, attracting foreign investments, ensuring high standards and contributing to market integrity, financial stability and investor protection. The research is based on secondary data collected from relevant international statistical databases and official publications and research of European and international organizations

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA