- To allow for the efficient allocation of capital across industries, and by extension, society as a whole.
- To enable income smoothing over time by letting some borrow from future earnings for consumption today and others lend today in the hopes of higher consumption in the future.
Mar 20, 2009
What is the purpose of the capital markets?
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3. Create great material for fiancial geek blogs.
The rise of social entrepreneurship has resulted in an increasing number of businesses seeking to maximize both social and financial returns. Like traditional businesses, they need equity capital to grow and achieve their objectives. With an estimated 15,000 social enterprises in the UK, it is clear that many new start-ups will require equity finance as they evolve.
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