This paper aims to add new empirical evidence on the relationship between the local level of financial development, the access to debt financing for small and medium enterprises (SMEs) and their level and direction of innovation and internationalization, with a special emphasis on Research and Development (R&D) expenditures and exports in new foreign markets.
Relationship with banks and access to credit for innovation and internationalization in SMEs
FRAZZONI, SERENA;MANCUSI, MARIA LUISA;VEZZULLI, ANDREA
2011
Abstract
This paper aims to add new empirical evidence on the relationship between the local level of financial development, the access to debt financing for small and medium enterprises (SMEs) and their level and direction of innovation and internationalization, with a special emphasis on Research and Development (R&D) expenditures and exports in new foreign markets.
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