Innovation and economic growth, what's at stake in financing small-and medium sized companies

Innovation et croissance économique: rôle et enjeux du financement des PME

Loïc Belze and Olivier Gauthier
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Loïc Belze: UB - Université de Bourgogne

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Abstract: Through a both economical and financial approach, this working paper tries to go through the link between innovation and economic growth, in a theoretical and empirical way, stressing the sub-optimality rooted in the inadéquation between demand of innovative SMEs and supply of the capital market.

Keywords: Innovation; Croissance économique; PME; Asymétrie informationnelle; Capital-risque; Financement (search for similar items in EconPapers)
Date: 2000-01-01
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Published in Revue Internationale PME, 2000, 13 (1), 65-87 p. ⟨10.7202/1008670ar⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02312793

DOI: 10.7202/1008670ar

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