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Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … Italian SMEs from the �Survey on Manufacturing Firms� conducted by Mediocredito-Capitalia covering the period 1995 … firm�s productivity, especially process innovation. Among SMEs, larger and older firms seem to be less productive. …
Persistent link: https://www.econbiz.de/10005011990
Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for underinvestment that exist even when externality-induced underinvestment is absent. We conclude that while small and new innovative firms experience high costs of capital that are...
Persistent link: https://www.econbiz.de/10008615253
Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for underinvestment that exist even when externality-induced underinvestment is absent. We conclude that while small and new innovative firms experience high costs of capital that are...
Persistent link: https://www.econbiz.de/10010856381
To what extent are new and/or innovative firms fundamentally different from established firms, and therefore require a different form of financing? The theoretical background for this proposition is presented, and the empirical evidence on its importance is reviewed. Owing to the intangible...
Persistent link: https://www.econbiz.de/10008488963
To what extent are new and/or innovative firms fundamentally different from established firms, and therefore require a different form of financing? The theoretical background for this proposition is presented, and the empirical evidence on its importance is reviewed. Owing to the intangible...
Persistent link: https://www.econbiz.de/10008493107
The role of financial institutions and corporate governance in the conduct and performance of industrial firms, especially in the area of technological innovation and international competition has been hotly debated in the recent past. The results presented here are a contribution to the...
Persistent link: https://www.econbiz.de/10005413030
Evidence on the “funding gap” for investment innovation is surveyed. The focus is on financial market reasons for underinvestment that exist even when externality-induced underinvestment is absent. We conclude that while small and new innovative firms experience high costs of capital that...
Persistent link: https://www.econbiz.de/10014025162
The paper investigates R&D and ICT investment at firm level, assessing their relative importance and the extent to which they are complements or substitutes. We use data on a large unbalanced panel sample from four consecutive waves of a survey of Italian manufacturing firms, together with a...
Persistent link: https://www.econbiz.de/10011099695
This paper surveys what we know about the internationalization of business R&D spending. I examine three specific questions about the global changes in R&D activity: First, what is the evidence that R&D is becoming more internationalized (more footloose)? Second, what are the factors that...
Persistent link: https://www.econbiz.de/10009323003
This paper surveys what we know about the internationalization of business R&D spending. I examine three specific questions about the global changes in R&D activity: First, what is the evidence that R&D is becoming more internationalized (more footloose)? Second, what are the factors that...
Persistent link: https://www.econbiz.de/10010856473