Financial Development and Innovation in Small Firms

Financial Development and Innovation in Small Firms

This paper uses firm level data from a cross-section of 57 countries to study how financial development affects innovation in small firms. The analysis finds that relative to large firms in the same industry, spending on research and development by...

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Bibliographic Details
Main Author: Sharma, Siddharth
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ACCESS TO FINANCE
AVERAGE INTEREST
AVERAGE INTEREST RATE
BANK DEPOSIT
BANK DEPOSITS
BANK FUNDING
BANKING SECTOR
BANKING SYSTEM
BOND
CAPITAL MARKETS
CHECKS
COLLATERAL
COMPETITORS
CORPORATE PERFORMANCE
CORPORATION
CORRELATIONS
CREDIT BANK
CREDIT CONSTRAINTS
CREDIT RELATIONSHIPS
DEBT
DEBT FINANCE
DEBT MARKETS
DEPOSIT
DEPOSIT ACCOUNTS
DERIVATIVE
DOMESTIC BANKS
DOMESTIC MARKET
DOMESTIC MARKETS
DUMMY VARIABLE
ECONOMIC GROWTH
ECONOMIES OF SCALE
EMPLOYEE
ENTRY BARRIERS
EQUIPMENT
EQUITY FINANCING
EXCLUSION
EXPENDITURE
EXTERNAL FINANCE
EXTERNAL FINANCING
EXTERNAL FUNDS
FINANCIAL CONSTRAINT
FINANCIAL DEVELOPMENT
FINANCIAL INNOVATIONS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL INTERMEDIATION
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL STRUCTURE
FINANCIAL SYSTEMS
FINANCING COST
FIRM PERFORMANCE
FIRM SIZE
FIXED COST
FIXED INVESTMENT
FOREIGN BANKS
GOVERNMENT BANKS
HOLDING
INCOME LEVEL
INFORMATIONAL ASYMMETRIES
INTANGIBLE
INTANGIBLE ASSETS
INTELLECTUAL PROPERTY
INTELLECTUAL PROPERTY RIGHTS
INTEREST RATE
INTEREST RATE DATA
INTEREST RATE SPREAD
INTEREST RATE SPREADS
INTEREST RATES
INTERNAL FUNDS
INTERNATIONAL BANK
INTERNATIONAL FINANCIAL STATISTICS
INVESTING
LARGE FIRMS
LENDERS
LIQUIDITY
LIQUIDITY CONSTRAINTS
LOAN SIZE
LOW INCOME
LOW INTEREST RATE
LOWER INTEREST RATE
MARKET COMPETITION
MARKET FAILURES
MARKET INTEGRATION
MARKET LIQUIDITY
MARKET SHARE
MARKET STRUCTURE
MARKET VALUE
MORAL HAZARD
NEW BUSINESS
POLITICAL ECONOMY
POTENTIAL INVESTORS
PRIVATE CREDIT
PRIVATE EQUITY
PROBABILITY
PRODUCTIVITY
PROPERTY RIGHTS
R&D
R&D FINANCING
R&D PROJECTS
RENTS
RESEARCH WORKING PAPERS
RESEARCHERS
RETURNS
SALES
SAVINGS
SAVINGS DEPOSITS
SMALL BUSINESS
SMALL BUSINESS FINANCE
SMALL FARMS
SMALL FIRM
SMALL FIRMS
SMALL LOAN
SMALL LOANS
SMALLER FIRMS
SOURCES OF FUNDS
STOCK MARKET
STOCK MARKET CAPITALIZATION
STOCK MARKET DEVELOPMENT
STOCK MARKETS
STOCKS
SURVEY DATA
SURVEY INSTRUMENTS
TANGIBLE ASSETS
TIME DEPOSIT
TURNOVER
VENTURE CAPITAL
WAGES
Online Access:http://documents.worldbank.org/curated/en/2007/09/8621977/financial-development-innovation-small-firms
http://hdl.handle.net/10986/7590

Internet

http://documents.worldbank.org/curated/en/2007/09/8621977/financial-development-innovation-small-firms
http://hdl.handle.net/10986/7590

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