Abor, Joshua Yindenaba

Entrepreneurial finance for MSMES : A managerial approach for developing markets / [electronic resource] Joshua Yindenaba Abor. - Cham, Germany : Palgrave Macmillan, 2017. - Electronic text (xviii, 444 pages) : tables.

Includes glossary and appendixes.

Includes bibliographical references (pages 427-432) and index.

Part I: The Entrepreneurial Setting -- 1: Introduction to Entrepreneurial Finance -- 2: New Venture Development and Sources of Financing -- 3: Business Planning -- Part II: The Financial Environment and Finance Providers -- 4: The Financial Environment and Small Businesses -- 5: Venture Capital Finance -- 6: Microfinance Intervention -- 7: Public Sector Interventions and Small Businesses -- Part III: Financial Performance and Planning -- 8: Understanding and Analysing Financial Statements -- 9: Financial Planning and Forecasting -- 10: Working Capital Management -- Part IV: Valuation -- 11: Time Value of Money -- 12: Evaluating Capital Investment Decisions: Capital Budgeting -- 13: Valuation of New Ventures and Small Businesses -- Part V: Financing Choice and Harvesting -- 14: Financing Choice -- 15: Harvesting the Business Venture Investment -- Appendix A: Formula Sheet -- Appendix B: Financial Tables -- Glossary -- Bibliography -- Index.

This book provides a framework for understanding micro, small and medium sized enterprises (MSMEs) as important contributors to economic growth. By examining the economic and investment decisions behind these businesses, the author shows how managers of MSMEs can add value to the firm by applying managerial finance tools. Early chapters establish the basic tenets of new venture development and financing and explore the economic environment that business-owners inhabit, focusing on venture capital, microfinance intervention, and public sector interventions. Later chapters guide the reader through the process of financial planning and forecasting, and valuation, finishing with insights into how to harvest investments and make sound financial decisions. The book has interdisciplinary appeal and offers a timely consideration of MSMEs in developing economies. It will be valuable reading for all interested in the management and development of small businesses, the finance of entrepreneurship and policy affecting small and medium sized enterprises.

9783319340210 (ebook) 97883319340203


Small business--Finance
New business enterprises--Finance
Venture capital

HG4027.7 .A267 2017