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Difficulties for small firms to invest in research prerogatives. An empirical analysis of a sample of Italian firms

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  • Marco Muscettola

Abstract

It is a commonly accepted fact that a quite strong relation exists between research investments and the general wealth of a given area. The main goal of this study is to analyse and determine which financing sources better serve this need for innovation, taking a sample of 1000 private firms in current economic downturn. Small firms from Southern Italy often have no access to debt capital on nondeterministic research activities, and more importantly, it still seems like banks cannot afford to finance these kinds of operations, mainly because of their indeterminate nature. This research draws the conclusion that only self-evidently solvent firms have a chance of getting the financial help needed to innovate.

Suggested Citation

  • Marco Muscettola, 2015. "Difficulties for small firms to invest in research prerogatives. An empirical analysis of a sample of Italian firms," Applied Economics, Taylor & Francis Journals, vol. 47(15), pages 1495-1510, March.
    • Handle: RePEc:taf:applec:v:47:y:2015:i:15:p:1495-1510
    DOI: 10.1080/00036846.2014.995363
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    Cited by:

    1. Marco Muscettola, 2024. "Probability of Corporate Bankruptcy over Two Periods of Crisis (2007-2010 vs 2019-2022): Application to Italian Manufacturing SMEs Using a Three Years Rating Model," International Journal of Business and Management, Canadian Center of Science and Education, vol. 19(5), pages 1-85, September.
    2. Marco Muscettola, 2019. "Distinctiveness of Highly Risky Italian Firms That are Saved-A Logistic Approach," Applied Economics and Finance, Redfame publishing, vol. 6(1), pages 64-73, January.

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