Recent Innovations in Business Finance

This Element is an excerpt from Financing the Future: Market-Based Innovations for Growth (9780137011278) by Franklin Allen and Glenn Yago. Available in print and digital formats.
Refocusing on the real value of financial innovation: helping companies of all sizes create jobs and build prosperity.
Financing business is about finding ways to propel growth, create jobs, and bring new ideas to the marketplace. Whether the question is extending credit to an entrepreneur who wants to open a neighborhood shop or helping a multinational corporation restructure its debt burden in a cash crunch, every business needs the right kind of financing at the right time to succeed.