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 …

This study delves into the impact of technological bank innovations on small and medium-sized enterprise (SME …) borrowing across the European Union. By analyzing a comprehensive dataset of 179,921 SME-bank lending relationships from 2009 to … more opaque firms seeking financing. Our study contributes to the understanding of the nuanced role of innovation in …

, which only holds in the long-term but not in the short-term. Further, we find support for a moderating effect of innovation … in the long-term, innovation mediates the ESP-CFP relationship suggesting that innovation should be considered as a long …

Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …