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The purpose of this study is to identify whether an innovative company’s likelihood of facing financial constraints is different when the company possesses a public procurement contract (PP). Theory suggests that the treatment effects of public procurement, particularly when mediated by the...
Persistent link: https://www.econbiz.de/10013342031
microeconometric evidence on the determinants of debt and equity financing in young and innovative SMEs. We pay special attention to … the role of risk for the choice of the method of financing. Since risk is not directly observable we use different … a young high-tech firm receives equity financing is an increasing function of the financial risk. With regard to the …
Persistent link: https://www.econbiz.de/10011451770
This study examines the actual funding behavior of German innovative firms in the pre- and post-crisis period. Specifically, we investigate if and how the funding patterns and financial constraints of German small and medium enterprises (SME) changed during and since the financial crisis. The...
Persistent link: https://www.econbiz.de/10011916059
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Competition is claimed to be beneficial in development projects promoting micro and small enterprise finance although there are still some doubts whether these loans can be developed into a profitable business. Actually nothing is known about how many MSE banking units optimally should be...
Persistent link: https://www.econbiz.de/10002830780
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Competition is claimed to be beneficial in development projects promoting micro and small enterprise finance although there are still doubts as to whether these loans can be developed into a profitable business. Our research sheds new light on the question of how many MSE banking units should...
Persistent link: https://www.econbiz.de/10003952179
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