Showing 1 - 10 of 3,818
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
Persistent link: https://www.econbiz.de/10012649793
-size enterprises (SMEs) in 113 countries around the world. Our results from a probit selection model indicate that higher bank market …
Persistent link: https://www.econbiz.de/10014305637
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...
Persistent link: https://www.econbiz.de/10012241105
Small and medium enterprises (SMEs) play a vital role in economic development, they offer the most economical use of … utilization of new products, processes and services. SMEs are crucial for helping economies to restructure quickly in response to … changing economic, social and market conditions, under the impact of international financial crisis. However, SMEs can fulfill …
Persistent link: https://www.econbiz.de/10012011273
The authors recommend that the G20 target innovative green-technology SMEs as an opportunity to promote financial de … signals for private investors through: (1) a reporting system that can help monitor the scale-up of green-technology SMEs; (2 …) the use of public funds to signal innovative green-technology SMEs to investors; and (3) the inclusion of SMEs in the …
Persistent link: https://www.econbiz.de/10011779979
European SMEs belonging to different sectors that are involved in products, processes and organizational eco-innovations. Our …
Persistent link: https://www.econbiz.de/10011775948
The authors recommend that the G20 target innovative green-technology SMEs as an opportunity to promote financial de … signals for private investors through: (1) a reporting system that can help monitor the scale-up of green-technology SMEs; (2 …) the use of public funds to signal innovative green-technology SMEs to investors; and (3) the inclusion of SMEs in the …
Persistent link: https://www.econbiz.de/10011806433
innovation - are more common among young SMEs, while innovators - i.e. firms that do R&D and introduce new products, processes or … new to the market. To further explore why young SMEs are not more active in innovation, we explore their access to finance … partly addressing the external financing access problem for leading innovators, but not for young SMEs. …
Persistent link: https://www.econbiz.de/10011900904
This study tests for financial constraints on Ramp;D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for Ramp;D...
Persistent link: https://www.econbiz.de/10012711028