The study is based on a questionnaire survey of 117 Irish software firms. It finds no systematic relation between product lead time and acquisition of first external funds in new technology-based firms (NTBFs). Contrary to the stage model's predictions, these firms are just as likely to secure...

Using a sample of 117 Irish software companies, we examine the capital structure of new technology-based firms. Consistent with the findings on financing for other small businesses, internal funds are the most important source of funding in new technology-based firms. However, in apparent...

We examine the effectiveness of government direct funding of firm innovation through R&D grants on firms future R&D investment, employment, and performance. Using a novel proprietary dataset of 1,825 R&D grants awarded to Irish domiciled firms for the period 2003-2012, we first show that grant...

The post-acquisition growth of high-tech scaleups has received relatively little research attention. This is surprising since buyers are known to target these firms for growth opportunities whilst sellers increasingly seek strategic partners to access resource to scale their ventures. We examine...

This paper uses panel data to test the extent to which trade credit has acted as a substitute for bank finance in Small and Medium Sized Enterprises (SMEs), in the aftermath of the financial crisis of 2008. It demonstrates that the reduction in the supply of funds to SMEs was compounded by the...

This paper examines the role of trade credit in a comprehensive panel of 290,301 SMEs across 15 European countries over the period 2003-2012. The results show that trade credit served as an important source of finance for credit constrained firms, and that the financial position of firms...

Using a sample comprising 117 Irish software companies, we examine the capital structure of new technology-based firms. Consistent with the findings on financing for other small business, internal funds are the most important source of funding in new technology-based firms. However, contrary to...