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Self-Financing of Traditional and R&D Investments : Evidence from Italian SMEs
Brighi, Paola - 2013
Self-financing has often been seen as an important source for research-and-development (R&D) funding. However, an in-depth comparison between the determinants of self-financing in the case of traditional investments versus those in R&D has not been provided yet. We use a comprehensive data set...
Persistent link: https://www.econbiz.de/10013090276
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Self-financing of traditional and R&D investments : evidence from Italian SMEs
Brighi, Paola; Patuelli, Roberto; Torluccio, Giuseppe - 2012
Self-financing has often been seen as an important source for research-and-development (R&D) funding. However, an in-depth comparison between the determinants of self-financing in the case of traditional investments versus those in R&D has not been provided yet. We use a comprehensive data set...
Persistent link: https://www.econbiz.de/10011731350
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The great recession and bank lending to small businesses
Montoriol-Garriga, Judit; Wang, J. Christina - 2011
This paper investigates whether small firms have experienced worse tightening of credit conditions during the Great Recession than large firms. To structure the empirical analysis, the paper first develops a simple model of bank loan pricing that derives both the interest rates on loans actually...
Persistent link: https://www.econbiz.de/10009500930
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Rationing of Bank Credit to Small Businesses : Evidence from the Great Recession
Montoriol-Garriga, Judit - 2012
We develop a model of bank lending that allows for credit rationing in equilibrium. Recognizing that small firms incur a higher percentage cost of monitoring than large firms, the model shows that the incidence of bank credit rationing rises more for small firms than for large firms during...
Persistent link: https://www.econbiz.de/10013107543
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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
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Financing SMEs in Europe
Balling, Morten (ed.); Bernet, Beat (ed.); Gnan, Ernest (ed.) - Conference on "Financing SMEs in Europe" <2008, Paris>; … - 2009
potential and, in particular when it comes to lack of risk capital, their innovation and R&D activity. Against this background …
Persistent link: https://www.econbiz.de/10011705468
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Credit Surety Fund : A Credit Innovation for Micro, Small, and Medium-Sized Enterprises in the Philippines
Maningo, Gary - 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/10012983344
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Access to finance for innovative SMEs since the financial crisis
Lee, Neil; Sameen, Hiba; Cowling, Marc - In: Research Policy 44 (2015) 2, pp. 370-380
In the wake of the 2008 financial crisis, there has been increased focus on access to finance for small firms. Research from before the crisis suggested that it was harder for innovative firms to access finance. Yet no research has considered the differential effect of the crisis on innovative...
Persistent link: https://www.econbiz.de/10011193845
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Innovation and exports in Vietnam's SME sector
Nguyen, Anh Ngoc; Pham, Ngoc Quang; Nguyen, Chuc Dinh; … - In: The European Journal of Development Research 20 (2008) 2, pp. 262-280
Innovation has long been considered an important factor for creating and maintaining the competitiveness of nations and … firms. Common knowledge holds that innovation causes an increase in exports. However, contradicting empirical evidence is … reported in the literature on the links between innovation and export. In this paper we examine whether innovation by small and …
Persistent link: https://www.econbiz.de/10005639899
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Gendered Perspectives on Access to Credit for Micro, Small and Medium Enterprises in Kenya
Odhiambo, Fredrick Onyango - 2023
Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in driving economic growth and job creation, particularly in developing nations. These enterprises constitute the majority of businesses globally and contribute significantly to employment and Gross Domestic Product (GDP). However,...
Persistent link: https://www.econbiz.de/10014349856