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Mezzanine-Kapital zur Unternehmensfinanzierung: Die innovative Finanzierungsform im Vergleich zu üblichen Finanzierungsformen

Mezzanine-Kapital zur Unternehmensfinanzierung: Die innovative Finanzierungsform im Vergleich zu üblichen Finanzierungsformen

          
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About the Book

Führen die Veränderungen auf den Finanzmärkten zu Finanzierungserschwernissen bzw. zu einer Kreditverknappung für den Mittelstand? Welche Möglichkeiten haben kleine und mittlere Unternehmen, auf die veränderten Finanzierungsbedingungen zu reagieren? Welche Instrumente werden derzeit genutzt, welche könnten in Zukunft von Bedeutung sein? Wie diese Fragen veranschaulichen, stehen der deutsche Mittelstand und damit verbunden auch die klein- und mittelständischen Unternehmen (KMU) bei der Frage ihrer Finanzierung unter Zugzwang. Nach wie vor beklagen rund ein Drittel der deutschen Unternehmen, dass die Kreditaufnahme durch Banken schwieriger geworden ist als noch vor einigen Jahren. Begründet wird diese Situation vielfach durch die schwierige gesamtwirtschaftliche Lage der letzten Jahre. Banken haben infolge zahlreicher Insolvenzen eine für KMU merklich restriktivere Kreditvergabepolitik betrieben. Darüber hinaus sind seit 1. Januar 2007 die neuen Kreditregeln des "Baseler Akkords" (Basel II) endgültig in Kraft getreten. Kreditinstitute müssen nun für jeden ausgereichten Kredit so viel Eigenkapital vorhalten, dass sie mögliche Ausfälle damit abdecken können. Ein wesentlicher Faktor für die Bestimmung der Kreditrisiken bildet hierbei die Bonität des Unternehmens. Diese wiederum messen Banken u.a. anhand eines internen Ratings, wobei die Eigenkapitalausstattung der UN von entscheidener Bedeutung ist. Diese fällt im internationalen Vergleich bei deutschen KMU traditionell viel zu niedrig aus und schließt den Kreis des Finanzierungsproblems. Letztlich hat diese Entwicklung für KMU die Konsequenz, den Ansprüchen von Basel II hinsichtlich Rating und Eigenkapitalausstattung zu entsprechen sowie die durch die Banken damit verbundenen Kreditmargen zu akzeptieren oder frühzeitig durch entsprechende Finanzierungsalternativen gegenzulenken.
About the Author: Thomas Hockenbrink, M.A., wurde 1980 in Troisdorf geboren. Sein Studium mit Schwerpunkt Controlling & Management an der Hochschule Bonn-Rhein-Sieg schloss der Autor im Jahre 2012 mit dem akademischen Grad Master of Arts erfolgreich ab. Für den Autor ist dies das zweite berufsbegleitende Studium während seiner zehn Berufsjahre im Kreditgeschäft der drittgrößten Sparkasse Deutschlands.


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Product Details
  • ISBN-13: 9783954852529
  • Publisher: Igel Verlag Gmbh
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 7 mm
  • Weight: 231 gr
  • ISBN-10: 3954852527
  • Publisher Date: 15 Jan 2015
  • Height: 254 mm
  • No of Pages: 124
  • Series Title: German
  • Sub Title: Die innovative Finanzierungsform im Vergleich zu üblichen Finanzierungsformen
  • Width: 178 mm


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Mezzanine-Kapital zur Unternehmensfinanzierung: Die innovative Finanzierungsform im Vergleich zu üblichen Finanzierungsformen
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Mezzanine-Kapital zur Unternehmensfinanzierung: Die innovative Finanzierungsform im Vergleich zu üblichen Finanzierungsformen
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