obtaining outside financing for these investments. In this paper, we explore how licensing contracts can both dissuade other … firms from developing alternative technologies and alleviate the financing problem. We develop a model in which a firm that …-front payment can serve as a source of financing. We also study the investment problem conditional on the licensing and financing …

Purpose – The purpose of this paper is to investigate the determinants of financing preference of micro and small … enterprises (MSEs) whilst distinguishing a broader range of financing sources beyond what is typically the case within the … less formal financing such as internal or bootstrap finances. However, as the enterprise gets established or matures, its …