The European Capital Markets Union. A Systematic Literature Review

Term Paper , 2020 , 24 Pages , Grade: 1.3

Business economics - Investment and Finance

This systematic literature review (SLR) aims to explore the perception of the establishment of the European Capital Markets Union (CMU) in literature. After the Global Financial Crisis (GFC) and the Euro debt crisis lead to a recession, the task of the CMU is to stimulate the European economy, strengthen European financial integration while presenting the EU as a competitive counterpart to other global financial markets. Being part of the financial markets, Capital Markets (CMs) play an important role for financial market-oriented economies. Therefore, this paper will discuss what benefits the CMU can offer in particular for small and medium sized companies (SMEs) in terms of diversifying their funding sources in other words an increase of market-based financing.

Inhaltsverzeichnis (Table of Contents)

• 1 Introduction
• 1.1 Research problem
• 1.2 Course of investigation
• 2 European Capital Markets Union
• 2.1 Definition
• 2.2 Structural features and goals
• 2.3 Market status
• 3 Method
• 3.1 Systematic literature review
• 3.2 Research strategy
• 3.2.1 Sources of data
• 3.2.2 Inclusion and exclusion criteria
• 3.2.3 Search terms and filters
• 3.3 Literature search results
• 3.4 Review of results
• 3.4.1 Abstract review
• 3.4.2 Full text review
• 4 Discussion of results
• 5 Summary and critical acclaim
• 5.1 Summary
• 5.2 Critical acclaim

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This systematic literature review (SLR) aims to explore the perception of the establishment of the European Capital Markets Union (CMU) in literature. The review analyzes the CMU's goals to stimulate the European economy and strengthen European financial integration, positioning the EU as a competitive counterpart to other global financial markets. The review specifically focuses on the benefits the CMU can offer for small and medium-sized enterprises (SMEs) in terms of diversifying their funding sources and increasing market-based financing.

• The perception of the European Capital Markets Union (CMU) in academic literature.
• The CMU's role in stimulating the European economy and strengthening financial integration.
• The CMU's impact on the competitiveness of the EU in global financial markets.
• The benefits the CMU can offer to SMEs in terms of diversifying funding sources.
• The potential for increased market-based financing for SMEs within the CMU framework.

Zusammenfassung der Kapitel (Chapter Summaries)

• Chapter 1: Introduction
This chapter introduces the research problem and the course of investigation. It outlines the purpose and scope of the systematic literature review.
• Chapter 2: European Capital Markets Union
This chapter provides a comprehensive definition of the European Capital Markets Union (CMU) and discusses its structural features and goals. It explores the CMU's role in fostering economic growth and financial integration within the European Union.
• Chapter 3: Method
This chapter describes the methodology used for the systematic literature review. It details the research strategy, including the sources of data, inclusion and exclusion criteria, search terms and filters, and the process of literature search results review.
• Chapter 4: Discussion of results
This chapter presents a detailed discussion of the findings from the literature review. It examines the key insights, trends, and patterns observed across the selected studies.
• Chapter 5: Summary and critical acclaim
This chapter provides a concise summary of the research findings, drawing together the key themes and arguments from the literature review. It also offers critical reflections on the limitations and implications of the study.

Schlüsselwörter (Keywords)

This paper focuses on the financial aspects of economic integration, financial regulation, investment and savings, relationship-banking, SME finance, Capital Markets Union, Single Market, corporate finance, and the European Union. The key concepts explored include the role of capital markets in fostering economic growth, the impact of financial integration on market efficiency, and the challenges and opportunities for SMEs in accessing finance within the European Union. The study investigates the perception and impact of the European Capital Markets Union in fostering a more integrated and efficient financial market in Europe.

• College: Hamburg University of Applied Sciences
• Grade: 1.3
• Author: Luca Dominikat (Author)
• Publication Year: 2020
• Pages: 24
• Catalog Number: V1356327
• ISBN (PDF): 9783346873668
• ISBN (Book): 9783346873675
• Language: English
• Tags: financial aspects of economic integration, financial regulation, investment and savings, relationship-banking, SME finance, Capital Markets Union, Single Market, corporate finance, European Union