The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Innovation and SME finance: Evidence from developing countries
Abstract
This paper explores the relationship between firm-level innovation and external finance for small and medium enterprises (SMEs). Our sample consists of 13,430 firms from Eastern Europe and Central Asian countries. A propensity score matching approach reports a positive relationship between formal finance and product and process innovation, which is greater for early-stage SMEs than for mature counterparts. However, informal finance has more significant impact on mature firms' product innovation. Our empirical evidence highlights policy implications for countries desiring to enhance the innovation of their SMEs by improving the external finance of these SMEs.
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N. Berger, A., & F. Udell, G. (1998) · Journal of Banking & Finance · doi:10.1016/s0378-4266(98)00038-7 · Cited by 3,690
On making causal claims: A review and recommendations
Antonakis, J., Bendahan, S., Jacquart, P., & Lalive, R. (2010) · The Leadership Quarterly · doi:10.1016/j.leaqua.2010.10.010 · Cited by 2,441
Using Propensity Scores to Help Design Observational Studies: Application to the Tobacco Litigation
Rubin, D. B. (2001) · Health Services and Outcomes Research Methodology · doi:10.1023/a:1020363010465 · Cited by 2,228
Bias-Corrected Matching Estimators for Average Treatment Effects
Abadie, A., & Imbens, G. W. (2011) · Journal of Business & Economic Statistics · doi:10.1198/jbes.2009.07333 · Cited by 1,416
WHAT IS HAPPENING TO THE IMPACT OF FINANCIAL DEEPENING ON ECONOMIC GROWTH?
ROUSSEAU, P. L., & WACHTEL, P. (2011) · Economic Inquiry · doi:10.1111/j.1465-7295.2009.00197.x · Cited by 718
Metadata
- Authors
- Wellalage, N. H., & Fernandez, V.
- Venue
- International Review of Financial Analysis
- Publisher
- Elsevier BV
- Published
- 2019-11
- Volume
- 66
- Pages
- 101370
- ISSN
- 1057-5219 (ISSN-L)
- OpenAlex
- W2954797384
- Cited by
- 184
- References
- 5
- FWCI
- 21.82
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
