Hyytinen, Ari (contributor); Pajarinen, Mika (contributor) - 2004 - [Elektronische Ressource]
Introduction
Young firms are typically more prone to default and more dependent on external
financing than mature firms. There … governmental financing schemes be tar-
geted? The obvious problem is that firms that suffer from opacity, adverse selec-
tion and … proxy for these financing frictions when
2
the public sector tries to mitigate capital market imperfections.
1 …