We study the impact of measures devoted to relieving financial constraints for the growth and survival of Italian innovative start-ups. Using balance sheet data on innovative start-ups and information on the use of the Italian Central Guarantee Fund for small and medium-sized enterprises, we evaluate whether access to the fund, relieving financial constraints, helps innovative start-ups survive and grow. We find innovative start-ups benefit significantly more than similar control firms. We shed light on the relevance of policies aimed at reducing financial constraints for the growth and survival of innovative start-ups, an issue receiving increasing attention at the European level.
Financial constraints and the growth and survival of innovative start-ups: An analysis of Italian firms / Ferrucci, Edoardo; Guida, R.; Meliciani, Valentina. - In: EUROPEAN FINANCIAL MANAGEMENT. - ISSN 1354-7798. - 27:2(2021), pp. 364-386. [10.1111/eufm.12277]
Titolo: | Financial constraints and the growth and survival of innovative start-ups: An analysis of Italian firms | |
Autori: | ||
Data di pubblicazione: | 2021 | |
Rivista: | ||
Citazione: | Financial constraints and the growth and survival of innovative start-ups: An analysis of Italian firms / Ferrucci, Edoardo; Guida, R.; Meliciani, Valentina. - In: EUROPEAN FINANCIAL MANAGEMENT. - ISSN 1354-7798. - 27:2(2021), pp. 364-386. [10.1111/eufm.12277] | |
Handle: | http://hdl.handle.net/11385/199300 | |
Appare nelle tipologie: | 01.1 - Articolo su rivista (Article) |
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