Financial constraints and the growth and survival of innovative start‐ups: An analysis of Italian firms

Ferrucci, Edoardo; Guida, Roberto; Meliciani, Valentina

doi:10.1111/eufm.12277

Cited by 23 publications

(9 citation statements)

References 98 publications

(129 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This result has an important implication. Start-ups usually face severe financial constraints, and in countries of continental Europe where financial markets are still not a valid alternative to bank lending, policymakers could usefully introduce effective measures to relieve these constraints (Ferrucci et al. , 2021) in order to help R&D-intensive start-ups exploit opportunities stemming from innovation.…”

Section: Discussionmentioning

confidence: 99%

Exploring the impact of innovation intensity on the growth of female-led entrepreneurial firms

Arcuri

Gandolfi

Russo

2023

JSBED

View full text Add to dashboard Cite

PurposeThe purpose of this article is to investigate the relationship between gender, innovation and growth in Italian innovative start-ups.Design/methodology/approachThis is a quantitative study based on a sample of more than 4,600 Italian innovative start-ups. In order to ascertain whether female-led firms that invest more in innovation grow more than their male-led counterparts, sales growth is analysed through a fixed-effects regression over the period 2015–2019. Propensity score matching is also used to check for potential selection bias.FindingsResults reveal that innovation is crucial for start-up growth and, most importantly, that female entrepreneurs exploit the potential of innovative activities for their firm’s growth better than their male peers.Originality/valueThe results provide important evidence on the link between gender and innovation and how these two elements interact for the growth of firms in their early life. Results also provide insights for policymakers to use in designing programs for promoting female entrepreneurship and participation in science.

show abstract

Section: Discussionmentioning

confidence: 99%

Exploring the impact of innovation intensity on the growth of female-led entrepreneurial firms

Arcuri

Gandolfi

Russo

2023

JSBED

View full text Add to dashboard Cite

show abstract

“…Moreover, the problem of information asymmetry is one of the most significant barriers to obtaining external finance. Information asymmetry can lead to financial constraints, especially for innovative enterprises with limited internal financial resources, such as small and young businesses [27].…”

Section: Theoretical Backgroundmentioning

confidence: 99%

The Efficiency of National Innovation Policy Programs: The Case of Serbia

et al. 2022

View full text Add to dashboard Cite

We aimed to assess the efficiency of the selected national innovation policy programs in the Republic of Serbia. We analyzed the impact of the Innovation Fund’s Mini-Grants and Matching Grants programs on the operating revenue growth of beneficiary micro, small, and medium enterprises. An econometric analysis of panel data was conducted. Because of the small number of periods observed, a model of individual effects was applied. Conclusions and recommendations were based on the results of random effects models. The findings indicate that program funding increased business revenues compared to the period before and that there was a direct link between indebtedness and revenue growth, which confirmed the positive impact of financing on the sustainable development prospects of beneficiaries through facilitating access to funding and innovation capacity improvement. These findings can have important policy implications as they provide guidelines for designing future actions and empirically confirm the need to increase public expenditures for innovation policy.

show abstract

“…This is a very important indicator, which will have an important impact on the choice of export trade models by domestic enterprises. Export enterprises are usually unavoidable to face greater cost constraints [12]. However, domestic enterprises must improve their total factor productivity to ensure that they can obtain as much profit as possible in the increasingly fierce global competition.…”

Section: Control Variablesmentioning

confidence: 99%

The Influence of Financing Constraints on Enterprises' Export Trade Patterns

Zhang¹

2022

FBEM

View full text Add to dashboard Cite

The party and the government have long regarded the improvement of international competitiveness and the promotion of the transformation and upgrading of export trade as a relatively important goal in economic policy reform. In the work report of the 19th National Congress of the Communist Party of China, it is clearly required to intensify efforts to promote the construction of a trade powerhouse, cultivate new trade formats, and promote the vigorous expansion of foreign trade. With the help of the matching or data from the effective customs trade database and the Chinese industrial enterprise database, this paper studies the possible impact of the quantitative regression financing constraints on the domestic export trade enterprise model. The result is that when domestic enterprises face the pressure of financing constraints, they will choose the processing trade with lower profits and abandon the general trade model with higher profits.

show abstract

Financial constraints and the growth and survival of innovative start‐ups: An analysis of Italian firms

Cited by 23 publications

References 98 publications

Exploring the impact of innovation intensity on the growth of female-led entrepreneurial firms

Exploring the impact of innovation intensity on the growth of female-led entrepreneurial firms

The Efficiency of National Innovation Policy Programs: The Case of Serbia

The Influence of Financing Constraints on Enterprises' Export Trade Patterns

Contact Info

Product

Resources

About