financial development and innovation in small firms - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook financial development and innovation in small firms write by Siddharth Sharma. This book was released on 2012. financial development and innovation in small firms available in PDF, EPUB and Kindle. This paper uses firm level data from a cross-section of 57 countries to study how financial development affects innovation in small firms. The analysis finds that relative to large firms in the same industry, spending on research and development by small firms is more likely and sizable in countries at higher levels of financial development. The estimates imply that among firms doing research and development in a country like Romania, which is at the 20th percentile of financial development, a 1 standard deviation decrease in firm size is associated with a decrease of 0.7 standard deviations in research and development spending. In contrast, this decrease is only 0.2 standard deviations in a country like South Africa, which is at the 80th percentile of the distribution of financial development. Small firms also report producing more innovations per unit of research and development spending than large firms, and this gap is narrower in countries at higher levels of financial development. As a robustness check, the author shows that these patterns are stronger in industries inherently more reliant on external finance.
Financial Development and Innovation in Small Firms
Financial Development and Innovation in Small Firms - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Development and Innovation in Small Firms write by Siddharth Sharma. This book was released on 2016. Financial Development and Innovation in Small Firms available in PDF, EPUB and Kindle. This paper uses firm level data from a cross-section of 57 countries to study how financial development affects innovation in small firms. The analysis finds that relative to large firms in the same industry, spending on research and development by small firms is more likely and sizable in countries at higher levels of financial development. The estimates imply that among firms doing research and development ina country like Romania, which is at the 20th percentile of financial development, a 1 standard deviation decrease in firm size is associated with a decrease of 0.7 standard deviations in research and development spending. In contrast, this decrease is only 0.2 standard deviations in a country like South Africa, which is at the 80th percentile of the distribution of financial development. Small firms also report producing more innovations per unit of research and development spending than large firms, and this gap is narrower in countries at higher levels of financial development. As a robustness check, the author shows that these patterns are stronger in industries inherently more reliant on external finance.
Are Small Firms Important? Their Role and Impact
Are Small Firms Important? Their Role and Impact - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Are Small Firms Important? Their Role and Impact write by Zoltán J. Ács. This book was released on 1999-04-30. Are Small Firms Important? Their Role and Impact available in PDF, EPUB and Kindle. This text argues that small firms are an integral part of the renewal process that pervades market economies. They play a crucial role in experimentation and innovation that leads to technological change, productivity and economic growth, and are the essential mechanism by which millions enter the economic and social mainstream of American society.
Entrepreneurial Finance, Innovation and Development
Entrepreneurial Finance, Innovation and Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Entrepreneurial Finance, Innovation and Development write by Vi Dung Ngo. This book was released on 2023-05. Entrepreneurial Finance, Innovation and Development available in PDF, EPUB and Kindle. Entrepreneurship is now unanimously considered a major engine for socio-economic development, mainly because it creates jobs and innovation. Governments around the world pay special attention to removing entrepreneurial barriers in order to support development via different policies, especially entrepreneurial finance. Developing, emerging and transition economies (DETEs) significantly differ from industrialized countries because of their specific conditions: institutions, infrastructure facilities, and bureaucratic procedures within the administrative system. Thus, firms and their entrepreneurs in and from DETEs may behave differently, particularly in terms of their financial strategies. Therefore, contextualizing is critical to better understand the relationship between entrepreneurial finance, innovation, and development in DETEs. This book provides a systematic and profound understanding of how finance, entrepreneurship, innovation, and their interactions contribute to economic development in DETEs, which cover a large number of countries in Asia, Central and Eastern Europe, Latin America, and Africa. The book mainly includes empirical studies and is divided into four parts. Part A includes four chapters which adopt a multinational approach to examine different sources and types of finance for entrepreneurship and small business in different groups of countries classified as DETEs. Part B also includes four chapters and focuses on entrepreneurial finance in specific countries belonging to the DETEs. Part C goes beyond the business scope of entrepreneurial finance and includes three chapters concerned with the relationship between finance, women's entrepreneurship, and poverty. Part D includes three chapters focusing on the comparison within developing countries as well as between developing and developed countries. This essential and comprehensive resource will find an audience amongst academics, students, educators, and practitioners, as well as policymakers and regulators.
Firm Productivity, innovation and Financial Development
Firm Productivity, innovation and Financial Development - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Firm Productivity, innovation and Financial Development write by Ms.Genevieve Verdier. This book was released on 2010-02-01. Firm Productivity, innovation and Financial Development available in PDF, EPUB and Kindle. How do firm-specific actions-in particular, innovation-affect firm productivity? And what is the role of the financial sector in facilitating higher productivity? Using a rich firm-level dataset, we find that innovation is crucial for firm performance as it directly and measurably increases productivity. Moreover, its effects on productivity are mediated through the financial sector; firms reap the maximum benefits from innovation in countries with well-developed financial sectors. This effect is particularly important for firms in high-tech sectors, which typically have higher external financing needs.
