دانلود مقاله ISI انگلیسی شماره 46892
عنوان فارسی مقاله

دسترسی به منابع مالی برای شرکتهای کوچک و متوسط نوآورانه از زمان بحران مالی

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
46892 2015 11 صفحه PDF سفارش دهید 9920 کلمه
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Access to finance for innovative SMEs since the financial crisis
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Research Policy, Volume 44, Issue 2, March 2015, Pages 370–380

کلمات کلیدی
امور مالی - شرکتهای کوچک و متوسط - کارآفرینی - رکود اقتصادی - نوآوری
پیش نمایش مقاله
پیش نمایش مقاله دسترسی به منابع مالی برای شرکتهای کوچک و متوسط نوآورانه از زمان بحران مالی

چکیده انگلیسی

In the wake of the 2008 financial crisis, there has been increased focus on access to finance for small firms. Research from before the crisis suggested that it was harder for innovative firms to access finance. Yet no research has considered the differential effect of the crisis on innovative firms. This paper addresses this gap using a dataset of over 10,000 UK SME employers. We find that innovative firms are more likely to be turned down for finance than other firms, and this worsened significantly in the crisis. However, regressions controlling for a host of firm characteristics show that the worsening in general credit conditions has been more pronounced for non-innovative firms with the exception of absolute credit rationing which still remains more severe for innovative firms. The results suggest that there are two issues in the financial system. The first is a structural problem which restricts access to finance for innovative firms. The second is a cyclical problem has been caused by the financial crisis and has impacted relatively more severely on non-innovative firms.

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