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Innovation and export in SMEs : the role of relationship banking

Frazzoni, Serena; Mancusi, Maria Luisa; Rotondi, Zeno; … - 2014

Medium Enterprises (SME), their probability to export (i.e. the extensive margin) and their share of exports on total sales … impact on both SME's probability to export and their export margins. This positive effect is only marginally mediated by the … SME's increased propensity to introduce product innovation. We further discuss the financial and non-financial channels …

Persistent link: https://www.econbiz.de/10011774346

Credit Surety Fund : a credit innovation for micro, small, and medium-sized enterprises in the Philippines

Maningo, Gary V. - 2016

Micro, small, and medium-sized enterprises are a backbone of the Philippine economy. One factor that hinders the growth of these enterprises is their difficulty in accessing finance from banks and other financial institutions. The Credit Surety Fund (CSF) was established to help these...

Persistent link: https://www.econbiz.de/10011522092

The paradox of progress : technological advancements in banking and the dual impact on SME bank borrowing

Hryckiewicz, Aneta; Korosteleva, Julia; Kozłowski, Łukasz - 2024

This study delves into the impact of technological bank innovations on small and medium-sized enterprise (SME …) borrowing across the European Union. By analyzing a comprehensive dataset of 179,921 SME-bank lending relationships from 2009 to … banking, offering insights into the dualistic nature of the impact of technology on SME financing. …

Persistent link: https://www.econbiz.de/10015071855

Does Bank Size Matter in Financing Small Business Innovation?

Dalla Pellegrina, Lucia - 2013

Using data at the bank‐firm level for a large sample of small firms collected through the 8th UniCredit Survey conducted in 2011, we investigate the extent to which banks of different size reward more innovative firms, in terms of both access to lending and volume of credit granted. First we...

Persistent link: https://www.econbiz.de/10013073453

Does innovation affect credit access? : new empirical evidence from Italian small business lending

Bellucci, Andrea; Favaretto, Ilario; Giombini, Germana - 2014

In this paper we analyze the access to credit of innovative firms on the price and non-price dimensions of bank lending. Using information from two datasets, we use a propensity score matching procedure to estimate the impact of the innovative nature of firms on: (a) loan interest rates; (b) the...

Persistent link: https://www.econbiz.de/10010419911

Bank credit supply and firm innovation

Giebel, Marek; Kraft, Kornelius - 2018

We analyze the causal effect of the credit supply shock to banks induced by interbank market disruptions in the recent financial crisis 2008/2009 on their business customers’ innovation activity. Using a matched bank-firm data set for Germany, we find that having relations with a more severely...

Persistent link: https://www.econbiz.de/10011798962

Regulatory constraint and small business lending : do innovative peer-to-peer lenders have an advantage?

Hamarat, Çağlar; Broby, Daniel - In: Financial innovation : FIN 8 (2022), pp. 1-25

This paper investigates whether innovative Peer-to-Peer lending by FinTechs' has a regulatory advantage over the big banks in respect of small business lending. We do this through the lens of the regulations imposed by the Dodd-Frank Act, using a difference-in-difference methodology. The Act...

Persistent link: https://www.econbiz.de/10013368371

Innovation and export in SMEs : the role of relationship banking

Frazzoni, Serena; Mancusi, Maria Luisa; Rotondi, Zeno; … - 2014

Persistent link: https://www.econbiz.de/10011559783

Beg, Borrow, and Deal? Entrepreneurs' Choice of Financing and New Firm Innovation

Winston Smith, Sheryl - 2014

Entrepreneurs rely on a spectrum of financing options for new companies. I analyze two key aspects: the role of debt and bank loans in the early financing of new firms and the relationship between financing choice and subsequent innovation trajectory. I use microdata in the confidential Kauffman...

Persistent link: https://www.econbiz.de/10013070165

Making Waves : To Innovate or be a Fast Second?

Yung, Chris - 2015

I model an innovation game in which firms can choose to be leaders or followers. Internal finance leads to a stalemate in which each firm wants to free-ride on the others' experimentation costs. Therefore, no innovation occurs. When instead firms compete in the capital markets to finance...

Persistent link: https://www.econbiz.de/10013037089