{"id":{"repo_id":"mit","oai_identifier":"oai:dspace.mit.edu:1721.1/72937"},"canonical_url":"https://search.dev.ndltd.org/etd/mit/oai:dspace.mit.edu:1721.1/72937","repository":{"repo_id":"mit","name":"MIT","base_url":"https://dspace.mit.edu/oai/request"},"display":{"title":"Business elevators : an innovative model for accelerating growth of SMEs in developing markets","abstract":"Difficulties 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.","abstract_html":"Difficulties 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.","abstract_has_math":false,"creators":["Cárdenas E., Fernando"],"institution":"Massachusetts Institute of Technology","degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":"Sloan School of Management.","school":null,"contributors":[],"advisors":["Antoinette Schoar."],"committee_chairs":[],"committee_members":[],"year":2012,"date_issued":"2012","date_published":"2012","updated_at":"2026-07-22T22:21:11Z","subjects":["Sloan School of Management."],"languages":["eng"],"rights":["M.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."],"rights_urls":["http://dspace.mit.edu/handle/1721.1/7582"],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/1721.1/72937","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Antoinette Schoar."]},{"key":"dc:contributor.department","label":"Department","values":["Sloan School of Management."]},{"key":"dc:contributor.other","label":"Dc Contributor Other","values":["Sloan School of Management."]},{"key":"dc:creator","label":"Author","values":["Cárdenas E., Fernando"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2012-09-13T19:36:59Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2012-09-13T19:36:59Z"]},{"key":"dc:date.issued","label":"Date","values":["2012"]},{"key":"dc:publisher","label":"Institution","values":["Massachusetts Institute of Technology"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Sloan School of Management."]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language.iso","label":"Language (ISO)","values":["eng"]},{"key":"dc:rights","label":"Dc Rights","values":["M.I.T. theses are protected by copyright. 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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."]},{"key":"dc:description.degree","label":"Dc Description Degree","values":["S.M."]},{"key":"dc:title","label":"Title","values":["Business elevators : an innovative model for accelerating growth of SMEs in developing markets"]}]}],"canonical_facts":{"dc:contributor.advisor":["Antoinette Schoar."],"dc:contributor.department":["Sloan School of Management."],"dc:contributor.other":["Sloan School of Management."],"dc:creator":["Cárdenas E., Fernando"],"dc:date.accessioned":["2012-09-13T19:36:59Z"],"dc:date.available":["2012-09-13T19:36:59Z"],"dc:date.issued":["2012"],"dc:description":["Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2012.","Cataloged from PDF version of thesis.","Includes bibliographical references (p. 101-107)."],"dc:description.abstract":["Difficulties 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."],"dc:description.degree":["S.M."],"dc:identifier.uri":["http://hdl.handle.net/1721.1/72937"],"dc:language.iso":["eng"],"dc:publisher":["Massachusetts Institute of Technology"],"dc:rights":["M.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."],"dc:rights.uri":["http://dspace.mit.edu/handle/1721.1/7582"],"dc:subject":["Sloan School of Management."],"dc:title":["Business elevators : an innovative model for accelerating growth of SMEs in developing markets"],"dc:type":["Thesis"]},"updated_at":"2026-07-22T22:21:11Z"}