New technology based firms and the creation of regional growth potentialSmall Business Economics - Tập 2 - Trang 33-44 - 1990
Rik Donckels, Jean Pierre Segers
This paper focuses on the role of New Technology Based Firms (NTBFs) as a vital determinant of regional growth potential. The theoretical framework starts from the relation between innovation and economic development (macro-approach), to show how NTBFs can contribute to the creation of a regional growth potential (micro-approach). Empirical data for Belgium illustrate how NTBFs differ significantl...... hiện toàn bộ
One swallow does not make a summer: episodes and persistence in high growthSmall Business Economics - Tập 58 - Trang 1517-1544 - 2021
Silviano Esteve-Pérez, Fabio Pieri, Diego Rodriguez
This paper analyzes firms’ episodes (spells) of high growth (HG) using a sample of Spanish manufacturing firms observed over two decades. The use of duration models allows us to investigate the following: (i) the probability of experiencing HG episodes, (ii) persistence in HG, and (iii) the determinants of the transitions in and out of the HG state and whether their impact varies over the business...... hiện toàn bộ
Clustering as an organizational response to capital market inefficiency: evidence from microenterprises in EthiopiaSmall Business Economics - Tập 43 - Trang 697-709 - 2014
Merima Ali, Jack Peerlings, Xiaobo Zhang
Absence of a well-developed capital market has been listed as a key obstacle to industrialization in developing countries in the development literature. In this paper, we show that industrial clusters, through specialization and division of labor, can ease the financial constraints of microenterprises even in the absence of a well-functioning capital market. By using data from more than 17,000 mic...... hiện toàn bộ
The economic impact of the Canada small business financing programSmall Business Economics - Tập 39 - Trang 253-264 - 2010
Vincent Chandler
This paper investigates the economic impact of the Canada Small Business Financing Program (CSBFP) using the 2004 edition of the Survey on Financing of Small and Medium Enterprises. To avoid the usual self-selection problem associated with voluntary participation in such programs, the financing behavior of the business and its intention to grow are used as control variables. Based on this analysis...... hiện toàn bộ
Small Business Property Tax Reductions and Firm ProductivitySmall Business Economics - Tập 62 - Trang 307-324 - 2023
Karolis Matikonis, Matthew Gobey
We investigate the productivity spillovers from the UK government’s decision to use extensive property tax reductions as a key instrument to stimulate innovation in smaller businesses and drive local growth. To capture the complex interaction and clustering of hierarchical effects, we apply non-parametric Random Effects Expectation Maximisation algorithm that complements more standard econometric ...... hiện toàn bộ
Country v sector effects in equity returns and the roles of geographical and firm-size coverageSmall Business Economics - - 2009
Lieven De Moor, Piet Sercu
Since Roll (The Journal of Finance 47(1):3–41, 1992) and Heston and Rouwenhorst (Journal of Financial Economics 36:3–27, 1994), there has been a debate whether country factors in international stock returns are typically more variable than sector factors. The addition of emerging markets (EMs) does boost the ratio of country-factor variance relative to industry-factor variance: these markets have ...... hiện toàn bộ