Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/213246 
Year of Publication: 
2019
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 54 [Issue:] 6 [Publisher:] Springer [Place:] Heidelberg [Year:] 2019 [Pages:] 369-377
Publisher: 
Springer, Heidelberg
Abstract: 
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, the authors identify different innovation profiles based on a firm's R&D investment and/or innovation activities. 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 holds particularly for 'leading innovators', which introduce innovations new to the market. To further explore why young SMEs are not more active in innovation, the authors explore their access to finance. It is concluded that young small leading innovators are the most likely to be credit constrained. Public grants seem to at least partially address the external financing access problem for leading innovators, but not for young SMEs.
Persistent Identifier of the first edition: 
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.