Financing technology-based small firms in Europe: what do we know?

Valérie Revest () and Sandro Sapio ()
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Valérie Revest: TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper reviews the evidence on financing technology-based small firms (TBSFs) in Europe. European TBSFs finance new investments by relying primarily on internal funds, due to capital market failures induced by asymmetric information (...)

Keywords: Public policy; Stock markets; Capital structure; Venture capital; High-tech; Small firms (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (58)

Published in Small Business Economics, 2012, 39 (1), pp.179-205. ⟨10.1007/s11187-010-9291-6⟩

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Journal Article: Financing technology-based small firms in Europe: what do we know? (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00606802

DOI: 10.1007/s11187-010-9291-6

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