Innovative activity and access to finance of SMEs: views and agenda
Authors: Kallandranis, Christos 
Vlassas, Ioannis 
Anastasiou, Dimitrios 
Publisher: Scientific Research Publishing
Issue Date: 1-Jan-2023
Journal: Theoretical Economics Letters 
Volume: 13
Issue: 1
Keywords: Information asymmetry, Small business lending, Credit rationing, Innovation, Survey data
Abstract: 
A rapidly growing body of research applies survey methods to examine the ability of SMEs to obtain external financing. These studies focus on firm-specific characteristics and demonstrate the impact of such ability on their own growth and overall economic growth, among other outcomes. However, the use of external financing is of crucial importance, especially whether SMEs can adopt innovation when they succeed in getting a loan. This paper reviews this literature that is not as extensive as the one focusing on typical investments with two purposes. First, we summarize recent work, providing a guide to its methodologies, datasets, and findings. Second, we consider applications of the literature in innovation, including insights for policymakers that seek to assess the potential economic effects of investments in innovation.
ISSN: 2162-2086
DOI: 10.4236/tel.2023.131004
URI: https://uniwacris.uniwa.gr/handle/3000/1339
Type: Article
Department: Department of Accounting and Finance 
School: School of Administrative, Economics and Social Sciences 
Affiliation: University of West Attica (UNIWA) 
Appears in Collections:Articles / Άρθρα

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