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The Reorganization of Inventive Activity in the United States during the Early Twentieth Century
Lamoreaux, Naomi R. - 2009
The standard view of U.S. technological history is that the locus of invention shifted during the early twentieth century to large firms whose in-house research laboratories were superior sites for advancing the complex technologies of the second industrial revolution. In recent years this view...
Persistent link: https://www.econbiz.de/10012463209
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Innovation and Productivity in SMEs : Empirical Evidence for Italy
Hall, Bronwyn H. - 2008
Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … process innovation. Among SMEs, larger and older firms seem to be less productive … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation …
Persistent link: https://www.econbiz.de/10012464055
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The Importance (or not) of Patents to UK Firms
Hall, Bronwyn H. - 2013
a number of explanations for these findings: most firms are SMEs, many innovations are new to the firm, but not to the … innovative performance measured as turnover due to innovation, but not between patenting and subsequent employment growth. The …
Persistent link: https://www.econbiz.de/10012459572
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Private Equity and the Innovation Strategies of Entrepreneurial Firms : Empirical Evidence from the Small Business Innovation Research Program
Link, Albert N. - 2012
There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …
Persistent link: https://www.econbiz.de/10012460364
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Does Distance Still Matter? The Information Revolution in Small Business Lending
Petersen, Mitchell A. - 2000
The distance between small firms and their lenders in the United States is increasing. Not only are firms choosing more distant lenders, they are also communicating with them in more impersonal ways. After documenting these systematic changes, we demonstrate that they do not stem from small...
Persistent link: https://www.econbiz.de/10012471076
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The 2021 Paycheck Protection Program Reboot : Loan Disbursement to Employer and Nonemployer Businesses in Minority Communities
Fairlie, Robert W.; Fossen, Frank M. - National Bureau of Economic Research - 2022
Was the $278 billion reboot of the $800 billion Paycheck Protection Program (PPP) in early 2021 disbursed equitably to minority communities? This paper provides the first analysis of how PPP funds were disbursed to minority communities in the third and final round of the program, which was...
Persistent link: https://www.econbiz.de/10012938701
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Risk-Taking and Monetary Policy Transmission : Evidence from Loans to SMEs and Large Firms
Caglio, Cecilia R.; Darst, R. Matthew; Kalemli-Ozcan, Sebnem - National Bureau of Economic Research - 2021
market. First, private SMEs typically utilize all available bank credit which comprises their entire balance sheet debt …, compared to large listed firms who can switch between corporate bonds and drawing from credit lines. Second, SMEs borrow … shorter maturity and pay higher interest rates relative to large publicly listed firms. Third, SMEs more frequently use future …
Persistent link: https://www.econbiz.de/10012510563
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Racial Disparities in Access to Small Business Credit : Evidence from the Paycheck Protection Program
Howell, Sabrina T.; Kuchler, Theresa; Snitkof, David; … - National Bureau of Economic Research - 2021
We explore the sources of racial disparities in small business lending by studying the $806 billion Paycheck Protection Program (PPP), which was designed to support small business jobs during the COVID-19 pandemic. PPP loans were administered by private lenders but federally guaranteed, largely...
Persistent link: https://www.econbiz.de/10012660042
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Achieving Scale Collectively
Bassi, Vittorio; Muoio, Raffaela; Porzio, Tommaso; Sen, … - National Bureau of Economic Research - 2021
This paper argues that rental market interactions allow small firms to increase their effective scale and mechanize production, even when each individual firm would be too small to invest in expensive machines. We conduct a novel survey of manufacturing firms in Uganda, which uncovers an active...
Persistent link: https://www.econbiz.de/10012585412
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Why Did Small Business Fintech Lending Dry Up During March 2020?
Ben-David, Itzhak; Johnson, Mark J.; Stulz, René M. - National Bureau of Economic Research - 2021
With the onset of the COVID-19 crisis in March 2020, small business lending through fintech lenders collapsed. We explore the reasons for the market shutdown using detailed data about loan applications, offers, and take-up from a major small business fintech credit platform. We document that...
Persistent link: https://www.econbiz.de/10012629425