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SME database AMADEUS, which includes ten European countries. First, we apply probit models to investigate whether the …
Persistent link: https://www.econbiz.de/10012671873
procurement, particularly when mediated by the demand-pull effect, may lower a company’s funding constraints for innovation. We …
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This paper studies the interaction between financially constrained and financially strong firms on a procurement market. It characterizes and discusses a procurement agency's optimal response when faced with financially asymmetric firms. By considering a dynamic setting, both present and future...
Persistent link: https://www.econbiz.de/10010200427
was based on the investment-cash flow equation, more precisely the adjusted ECM model adapted to the SME sector. The … innovation activity. The research was conducted on a sample of 403 firms, including large companies. The modified methodology for …, contrary to non-innovative SMEs and large enterprises, both the innovators and those with low innovation potential. Based on …
Persistent link: https://www.econbiz.de/10015337949
financial crisis 2008/2009 on their business customers’ innovation activity. Using a matched bank-firm data set for Germany, we … find that having relations with a more severely affected bank seriously hampers firms’ current innovation activities due to … initiate new product and process innovations and to reallocate human resources to innovation during the financial crisis. …
Persistent link: https://www.econbiz.de/10011798962
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This paper compares how Czech and Slovak microentrepreneurs perceive the volume and ease of access to finance that they face. Having an adequate number of sources of finance and easier access to them can help improve both enterprise and country performance. Chi-square and Z score tests for...
Persistent link: https://www.econbiz.de/10012175682
A large body of literature has shown that small firms experience difficulties in accessing the credit market due to informational asymmetries. Banks can overcome these asymmetries through relationship lending, or at least mitigate their effects by asking for collateral. Small firms, especially...
Persistent link: https://www.econbiz.de/10013143714