Showing 1 - 10 of 25
The paper empirically investigates what drivers affect the decisions of high-tech start-ups to internationalize from the outset, and their degree of born-globalness. The empirical data have been obtained from a cross-country survey on internationalized high-tech start-ups operating in the ICT...
Persistent link: https://www.econbiz.de/10010729956
The aim of the article is to evaluate the attractiveness and efficiency of the DOCUP 2000-2006 public financing program in Piedmont. The dataset consists of 1,235 firms that applied for public funding to Finpiemonte S.p.A. We first examined what determinants lead firms to apply for public...
Persistent link: https://www.econbiz.de/10008691317
This paper provides some empirical evidence of the impact of two policy measures designed to support innovation in small and medium firms in an Italian region, both financed using the European Structural Funds but managed at regional level. The first measure was a concessional loan to promote...
Persistent link: https://www.econbiz.de/10011099632
We analyze a sample of European high-tech entrepreneurial firms that received bank venture capital (BVC) financing between 1994 and 2004. We employ a “two-step” matching procedure in order to build a control group composed of (1) comparable firms that received venture capital financing from...
Persistent link: https://www.econbiz.de/10011154834
Informational frictions between borrowers and lenders are particularly acute for innovative firms undertaking high-risk projects. As a consequence, banks may end up denying credit to them. However, the literature on relationship finance predicts that a closer relationship between credit...
Persistent link: https://www.econbiz.de/10004966620
The paper investigates to what extent the convergence of banks over risk-adjusted capital standards set by the new Basel Capital Accord may affect the way in which they screen innovative firms. It also gives an overview of the existing forms of credit support to R&D activities. The study is...
Persistent link: https://www.econbiz.de/10005623236
This paper investigates the relationship between finance and R&D for a panel of more than 1000 Italian manufacturing firms. While Italian firms obtain a significant share of their financing from debt, the results from a unique survey show that firms use virtually no debt to finance R&D. Because...
Persistent link: https://www.econbiz.de/10005554508
Patent backed securitizations are customized financial solutions characterized by a high level of complexity. Their evaluation involves the analysis of a variety of factors concerning the characteristics of the asset, the architecture and economics of the transaction, the stakeholders involved....
Persistent link: https://www.econbiz.de/10008479008
The paper provides an empirical analysis of the patenting activity of a sample of Western European manufacturing firms undergoing a buyout between 1998 and 2004. A panel data design is used to test whether the characteristics of the deal and of private equity (PE) firms can affect acquired...
Persistent link: https://www.econbiz.de/10008523221
It is widely acknowledged that firms performing R&D investments are very likely to undergo financial constraints due to their specific characteristics, which make external debt an imperfect substitute for internal finance, especially for small sized enterprises (Carpenter and Petersen, 2002; Hall,...
Persistent link: https://www.econbiz.de/10010668782