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

Valérie Revest (1) , Alessandro Sapio (2)

1 TRIANGLE - Triangle : action, discours, pensée politique et économique
2 D.E.S. - Department of Economic Studies

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

Domains: Economics and Finance

Valérie Revest, Alessandro Sapio. Financing technology-based small firms in Europe: what do we know?. Small Business Economics, 2012, 39 (1), pp.179-205. ⟨10.1007/s11187-010-9291-6⟩. ⟨halshs-00606802⟩