Are Small Innovators Credit Rationed?

By Mark Freel. 2007

287 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/bfae8bffa242cc800805741cbcbbbb1950659e6e

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Citations in the corpus

Lending to small businesses: the role of loan maturity in addressing information problems (2008, background): “R&D activity could also proxy for investment opportunities and cash-flow uncertainty (e.g., Freel, 2007 ), as well as for the scope for moral hazard in project choice, in which case the expected effect of R&Demp on maturity is also negative.”
The M&A dynamics of European science-based entrepreneurial firms (2010, background): “Much of these discussions have revolved around the unsuitability of debt for early-stage financing and the merits of equity as sources of external finance for innovation, with equity invariably portrayed as patient and committed capital (Freel, 2007).”
Focus on opportunities as a mediator of the relationship between business owners' age and venture growth (2012, unknown): “For example, older business owners' beliefs concerning future opportunities should decline when a bank rations credits due to advanced age (Freel, 2007).”
The latent demand for bank debt: characterizing “discouraged borrowers” (2012, background): “There is considerable empirical precedent for the latter hypothesis (Freel 2007), though less for the former.”
Financing patterns of European SMEs – an empirical taxonomy (2016, unknown): “In addition, a number of studies focused on the financing determinants of specific types of firms like innovative and high-growth companies (Freel 2006; Hall 2010; Mazzucato 2013; Mina et al. 2013; Vanacker and Manigart 2010).”
Access to finance for innovative SMEs since the financial crisis (2015, methodology): “Yet it is innovative small firms which often find it the hardest to obtain finance (Freel, 2007; Schneider and Veugelers, 2010; Hutton and Lee, 2012; Mason, 2013; Mina et al. 2013).”
Non-R&D SMEs: external knowledge, absorptive capacity and product innovation (2014, background): “Small firms are also found to be credit constrained (Freel 2007) and predominantly rely on”
The Rewards of Entrepreneurship: Exploring the Incomes, Wealth, and Economic Well–Being of Entrepreneurial Households (2011, background): “In contrast, the opposite has been seen among nonwealthy households, where credit rationing may constrain venture start-up and growth among those with a reliance on external finance (Freel, 2007; Levenson & Willard, 2000; Stiglitz & Weiss, 1981).”
Determinants of R&D cooperation in small and medium-sized enterprises (2012, unknown): “finance (Hall 2002; Freel 2007).”
How SMEs exploit their intellectual property assets: evidence from survey data (2011, unknown): “In a similar vein, Freel (2006) finds that small innovators in the UK which apply for bank loans are credit constrained relative to their less- and non-innovative peers.”
Financing technology-based small firms in Europe: what do we know? (2012, background): “Author(s) (year) Grilli (2005) Colombo, Grilli (2007) Freel (2007) Country Italy Italy UK Years 1999-2001 1999 1998-2001 Sectors Internet services High-tech start-ups Manufacturing, services Sample size 179 386 256 Source RITA database RITA database Survey of Entrepreneurship in Northern Britain”
Perceived credit constraints in the European Union (2012, unknown): “However, it could also be argued that growing firms require greater financial inflows (Freel 2007) and that they may therefore be more negative regarding loan availability.”
R&D in SMEs: a paradox? (2009, background): “However, even the innovative SMEs operating in SM1 sectors may be affected by adverse conditions and serious drawbacks with respect to becoming involved in R&D and innovation activities—a (limited) access to finance (Freel 2007; Riding et al. 2007; Won Kang et al. 2008), limited capabilities, and ad”