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| Author: | Freel, M. S. |
| Title: | Are small innovators credit rationed? |
| Journal: | Small business economics
2007 : JAN, VOL. 28:1, p. 23-35 |
| Index terms: | credit markets innovation small business |
| Language: | eng |
| Abstract: | This article aims at revealing to which extent there exist a connection between innovativeness and lower level of loan application success within small firms. Based on a sample of 256 firms the paper estimates a series of tobit models using several proxy measures for innovation, e.g. inputs, outputs, commercial significance to the firm. The models give mainly support to the hypothesis that the most innovative firms are less successful in loan markets than their peers. |
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