Znaczenie unii rynków kapitałowych dla rozwoju alternatywnych źródeł finansowania małych i średnich przedsiębiorstw w Unii Europejskiej
Capital markets union and its importance for the alternative financing sources for the small and medium enterprises in the European Union

Summary/Abstract: The article looks at capitalmarkets union (CMU), i.e. an action plan of the European Commission to mobilisecapital in Europe and channel it to companies, especially small and medium-sizedenterprises (SMEs). The main aim of the study is to examine the sources of financingidentified in the CMU plan and discuss whether European SMEs will make use andbenefit from the proposal. The evaluation of the CMU as an initiative aimed at sup‑porting the EU economy and the growth of their SMEs by providing a greater choiceof funding sources is also presented in the paper.

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