Click HERE for a sample entrepreneurship paper

NOTE: Since 2009 the title of the International Journal of Entrepreneurship Education (IJEE) has been changed to the title above.  ISSN numbers: IJEE 1649-2269 and IRE 2009-2822

• IRE Aims & Scope
• Editorial + Biographies
• IRE News + Latest Papers
• Submissions + Notes for Authors
• Subscribe/Purchase + Prices

Publications & Abstracts below

In the ABS journals rankings published by the Chartered Association of Business Schools and also listed by Cabells, EBSCO, ARC, Cranfield, and Thomson-Reuters’ Web of Science ESCI citations index

ISSN Number: 2009-2822. Frequency: 4 Issues per year (online only)  

#1546 - Bank Loan Application Success of Innovative and Non-Innovative SMEs

IRE Vol 14: Issue 4, 2016 , Pages 483-502

Author(s): Peter van der Zwan (Erasmus University Rotterdam, The Netherlands)

Abstract:
The investigation of the determinants of access to finance is relevant because restricted loan accessibility could hinder firm growth. This paper focuses on small- and medium-sized enterprises (SMEs) and whether their requested loan is granted by the bank. Financial data for SMEs in 29 European countries are used (four waves of the Survey on the Access to Finance of Enterprises during 2009−2014) to test the relationship between innovative behavior and loan application success. The contribution of the present study is that a distinction is made between product, process, and organizational innovation. Also, cross-national evidence on the link between innovation and loan turndown is provided while existing studies usually focus on a single country. The results indicate that SMEs that adopt innovations are less likely to receive the requested loan than SMEs that do not adopt innovations, and this holds for all three types of innovation. Additional analyses reveal the robustness of the results across various firm age and firm size categories, and the majority of countries.

Keywords: credit constraints, SMEs, process innovation, product innovation, organizational innovation

Purchase this Article

To purchase this article click the Add To Order button below. The paper will be delivered electronically as a watermarked PDF file with a licence to make the number of copies ordered. Delivery of the article to your email address will normally be within 24 hours of placing the order online. If you would prefer to post or fax your order then please CLICK HERE for a printable order form. If you experience any difficulties please email us at: orders@senatehall.com

If you wish to take out a yearly subscription to this journal CLICK HERE for prices and to order