Artikel
Funding access and innovation in small businesses
The study examined the extent to which lack of access to external funding constitutes a barrier to innovation for small businesses operating in traditional industries. The findings indicate that, these businesses do not view lack of access to funding as a barrier to innovation for any of the four types of innovation: product, process, marketing, or organizational. However, for most of the innovations they promoted, the levels of innovation were relatively low, and which naturally entails relatively low risk to businesses. The findings also indicate that, there is a relationship between product and marketing levels of innovation and lack of access to external funding. The study's contribution lies in its focus on small businesses operating in traditional industries—businesses which though, essential to economic growth, have garnered less separate attention in the innovation sphere. The study points to a vicious circle in which these businesses do not promote innovation at high levels that would advance their own competitive advantage and require external funding. Because this funding is not within their reach, they continue promoting low-level innovation, and so on and so forth. The study may practically contribute by assisting policymakers as they draw plans dedicated to supporting innovation in small businesses.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 13 ; Year: 2020 ; Issue: 9 ; Pages: 1-16 ; Basel: MDPI
- Classification
-
Wirtschaft
- Subject
-
access to funding
innovation
small businesses
traditional industry
- Event
-
Geistige Schöpfung
- (who)
-
Harel, Ronen
Schwartz, Dafna
Kaufman, Dan
- Event
-
Veröffentlichung
- (who)
-
MDPI
- (where)
-
Basel
- (when)
-
2020
- DOI
-
doi:10.3390/jrfm13090209
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Harel, Ronen
- Schwartz, Dafna
- Kaufman, Dan
- MDPI
Time of origin
- 2020
Other Objects (12)
Small family businesses: Innovation, risk and value
Readiness for innovation of emerging grass-based businesses
Capital allocation in decentralized businesses
Public policies, open innovation ecosystems and innovation performance: Analysis of the impact of funding and regulations
Open Access, Innovation, and Research Infrastructure
Russia's War in Ukraine: Consequences for European countries' businesses and economies
The government R&D funding and management performance: The mediating effect of technology innovation
Determinants of the economic vulnerability of businesses to pandemics and similar events
Net interoffice accounts of global banks: The role of domestic funding
Capital asset pricing model testing at Warsaw Stock Exchange: Are family businesses the remedy for economic recessions?
The influence of family governance on the value of Chinese family businesses: Signal transmission effect of financial performance
Analysis of innovation activities of Slovak small and medium-sized family businesses
Small family businesses: Innovation, risk and value
Readiness for innovation of emerging grass-based businesses
Capital allocation in decentralized businesses
Public policies, open innovation ecosystems and innovation performance: Analysis of the impact of funding and regulations
Open Access, Innovation, and Research Infrastructure
Russia's War in Ukraine: Consequences for European countries' businesses and economies
The government R&D funding and management performance: The mediating effect of technology innovation
Determinants of the economic vulnerability of businesses to pandemics and similar events
Net interoffice accounts of global banks: The role of domestic funding
Capital asset pricing model testing at Warsaw Stock Exchange: Are family businesses the remedy for economic recessions?
The influence of family governance on the value of Chinese family businesses: Signal transmission effect of financial performance
Analysis of innovation activities of Slovak small and medium-sized family businesses
Small family businesses: Innovation, risk and value
Readiness for innovation of emerging grass-based businesses
Capital allocation in decentralized businesses
Public policies, open innovation ecosystems and innovation performance: Analysis of the impact of funding and regulations
Open Access, Innovation, and Research Infrastructure
Russia's War in Ukraine: Consequences for European countries' businesses and economies
The government R&D funding and management performance: The mediating effect of technology innovation
Determinants of the economic vulnerability of businesses to pandemics and similar events
Net interoffice accounts of global banks: The role of domestic funding
Capital asset pricing model testing at Warsaw Stock Exchange: Are family businesses the remedy for economic recessions?
The influence of family governance on the value of Chinese family businesses: Signal transmission effect of financial performance