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dc.contributor.advisorAntoinette Schoar.en_US
dc.contributor.authorCárdenas E., Fernandoen_US
dc.contributor.otherSloan School of Management.en_US
dc.coverage.spatiald------en_US
dc.date.accessioned2012-09-13T19:36:59Z
dc.date.available2012-09-13T19:36:59Z
dc.date.copyright2012en_US
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/72937
dc.descriptionThesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2012.en_US
dc.descriptionCataloged from PDF version of thesis.en_US
dc.descriptionIncludes bibliographical references (p. 101-107).en_US
dc.description.abstractDifficulties 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.en_US
dc.description.statementofresponsibilityby Fernando Cárdenas E..en_US
dc.format.extent107 p.en_US
dc.language.isoengen_US
dc.publisherMassachusetts Institute of Technologyen_US
dc.rightsM.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.en_US
dc.rights.urihttp://dspace.mit.edu/handle/1721.1/7582en_US
dc.subjectSloan School of Management.en_US
dc.titleBusiness elevators : an innovative model for accelerating growth of SMEs in developing marketsen_US
dc.title.alternativeInnovative model for accelerating growth of small and medium enterprises in developing marketsen_US
dc.typeThesisen_US
dc.description.degreeS.M.en_US
dc.contributor.departmentSloan School of Management
dc.identifier.oclc808374143en_US


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