Abstract
This chapter surveys the theoretical literature on the financial constraints affecting small and medium-sized enterprises (SMEs)1 and then briefly introduces the reasons supporting government intervention to sustain the companies most at risk of credit rationing: new firms and small firms with innovative business plans in the early stages of their development. The focus here is mainly on SMEs, although the financial constraints on innovative operations also affect larger firms (Hall, 2002; 2005).
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© 2008 Valeria Venturelli
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Venturelli, V. (2008). Access to Finance of Innovative SMEs. In: Gualandri, E., Venturelli, V. (eds) Bridging the Equity Gap for Innovative SMEs. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230227248_3
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DOI: https://doi.org/10.1057/9780230227248_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-30169-0
Online ISBN: 978-0-230-22724-8
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)