Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/182245
Autoren: 
Veugelers, Reinhilde
Ferrando, Annalisa
Lekpek, Senad
Weiss, Christoph T.
Datum: 
2018
Reihe/Nr.: 
EIB Working Papers 2018/07
Zusammenfassung: 
Using large scale EIB Investment Survey evidence for 2016 covering 8,900 non-financial firms from all size and age classes across all sectors and all EU Member States, we identify different innovation profiles based on a firm's R&D investment and/or innovation activities. We find that "basic" firms - i.e. firms that do not engage in any type of R&D or innovation - are more common among young SMEs, while innovators - i.e. firms that do R&D and introduce new products, processes or services- are more often old and large firms. This hold particularly for "leading innovators", ie those introducing innovations new to the market. To further explore why young SMEs are not more active in innovation, we explore their access to finance. We confirm that young small leading innovators are the most likely to be credit constrained. Grants seem to at least partly addressing the external financing access problem for leading innovators, but not for young SMEs.
Schlagwörter: 
young small companies
innovation
access to finance
JEL: 
G24
O31
O38
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-861-3825-6
Dokumentart: 
Working Paper

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