IDEAS home Printed from https://ideas.repec.org/a/fan/scresc/vhtml10.3280-scre2012-001002.html
   My bibliography  Save this article

SMEs? Access to Innovation Finance. An Analysis of Public Funds in Piedmont

Author

Listed:
  • Mario Calderini
  • Francesca Silvia Rota

Abstract

Using data on public funds in Piedmont, the article argues that SMEs? access to innovation finance is influenced by firm-level determinants, as well as by framework conditions. Use of a Heckman two-step procedure shows that internal determinants are more relevant than external ones represented by relationships with local academia, industry, and governance domains. Legal status and sector, in particular, prove to perform a major role in determining both the likelihood of fund access and the intensity of fund transfers. Revenue too is important, though with a negative effect, while size has a positive impact on fund access alone.

Suggested Citation

  • Mario Calderini & Francesca Silvia Rota, 2012. "SMEs? Access to Innovation Finance. An Analysis of Public Funds in Piedmont," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2012(1), pages 39-60.
    • Handle: RePEc:fan:scresc:v:html10.3280/scre2012-001002
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=44501&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Finanza per l?innovazione; PMI; fondi regionali;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fan:scresc:v:html10.3280/scre2012-001002. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefania Rosato (email available below). General contact details of provider: http://www.francoangeli.it/riviste/sommario.aspx?IDRivista=103 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.