![]() ![]() ![]() 7 In 2014, Professor Roosenboom wrote a comprehensive review about the recent developments and future trends in the Dutch SME sector, 8 external financing channels available to the Dutch SMEs 9 and the Dutch government’s stimulus policies to support SME financing.10 This report became Part 4 of the final report, “Het MKB in Beeld,” commissioned by the Dutch Ministry of Economic Affairs.īased on his academic research, Peter Roosenboom also lends his expertise to solve entrepreneurial financing problems in a structural way. Other simulative policies following the Committee De Swaan include the establishment of a fund on the Euronext Amsterdam for SMEs 6 and the reduction of the registration burden for entrepreneurs as of 2012. In response to this advice, training programmes for accountants and tax advisers were initiated to provide entrepreneurs with updated information on financing alternatives. One key finding was that entrepreneurs are not well informed about their financing tools and thereby rely heavily on their local banks. The findings and recommendations from Roosenboom and Duffhues (2011) on current developments and the future of entrepreneurial finance in the Netherlands after the financial crisis served as the cornerstone for the final report of the Committee De Swaan to the Dutch government on SME financing and led to various changes in policies. In 20, the Ministry of Economic Affairs invited him to participate in a series of research on SME financing in the Netherlands. As a leading expert on entrepreneurial finance in the Netherlands, he was invited to the Dutch parliamentary hearings on private equity. He engages frequently with policy makers and regulators to help design future-proof policies to stimulate SME finance in a post-crisis environment. 4 His current research agenda also involves new entrepreneurial financing channels such as crowdfunding. His work ranges from studying the role of government intervention on distressed banks in order to stimulate lending to the real econom圓 to the role of private equity in managementīuy-outs. 2 Professor Peter Roosenboom, head of the finance department at Rotterdam School of Management, member of ERIM, has centred his research on entrepreneurial finance for many This financing difficulty reached its peak during the financial crisis, as banks started to apply more restrictive credit requirements in order to comply with the Basel III regulations. But their loan applications are often rejected by their banks, leaving them more dependent on their own means or even causing financial distress. SMEs rely heavily on bank financing in the form of short- and longterm loans to provide working capital and to finance future growth. Compared to large corporations, they are much more vulnerable to funding shortages due to the lack of capital buffers and resources, and the lack of internal diversification. SMEs are the most vibrant engine for economic growth, as they provide the basic goods and services needed, both at home and abroad. ![]() They contribute about two thirds to the Dutch GDP and create 85% of total employment. It might be surprising to realise that 99.8% of companies in the Netherlands are SMEs. This is detrimental to the economic growth and innovation… The financial landscape has changed dramatically and enterprises would need to broaden their horizon for financing and use new tools like crowdfunding and microfinance… I would like to help companies to explore the new world of finance.” “Before the financial crisis, the default option for entrepreneurs was to borrow money from their local banks… As the loans become too expensive, SMEs tend to put their investment plans on hold until better economic times. His findings form the cornerstone of advice for the Dutch government on SME financing and have led to various changes in policies. Professor Peter Roosenboom lends his expertise to solve this problem in a structural way. The financial crisis has made it more difficult for SMEs 1 to finance themselves through the traditional bank lending channel. ![]()
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