The Economics of Small Businesses

1. Front Matter

   Pages i-xxvi

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2. Small Businesses and Innovation: Analyses and Policies

   1. Front Matter

      Pages 1-1

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   2. Innovative Entrepreneurship and Policy: Toward Initiation and Preservation of Growth

      • William J. Baumol, Robert E. Litan, Carl J. Schramm, Robert J. Strom

      Pages 3-23

   3. State Programs to Promote the Growth of Innovative Firms in the United States – A Taxonomy

      • Charles Ou

      Pages 25-47

   4. OECD-Eurostat Entrepreneurship Indicators Programme: Comparable International Measures of Entrepreneurship and the Factors that Enhance or Impede It

      • Tim C. Davis, Mariarosa Lunati

      Pages 49-68

   5. The Peculiarities of SMEs in Europe and Italy: Technology Transfer Policies

      • Riccardo Gallo, Marco Iezzi

      Pages 69-80

   6. Public Policies for Italian SMEs: Instruments, Results and Current Trends

      • Aurelio Bruzzo

      Pages 81-100

3. The Financing of Small – and Medium – Sized Firms

   1. Front Matter

      Pages 101-101

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4. The Financing of Small - and Medium - Sized Firms

   1. SME Financing and the Financial Crisis: A Framework and Some Issues

      • Gregory F. Udell

      Pages 103-113

   2. Access to Bank Financing and New Investment: Evidence from Europe

      • Larry W. Chavis, Leora F. Klapper, Inessa Love

      Pages 115-132

   3. Basel II and Changing Bank-Firm Relationship: A Survey

      • Chiara Bentivogli, Emidio Cocozza, Antonella Foglia, Simonetta Iannotti

      Pages 133-149

   4. Financial Models of Small Innovative Firms: An Empirical Investigation

      • Giorgio Calcagnini, Ilario Favaretto, Germana Giombini

      Pages 151-171

   5. Sources of Financing for New Technology Firms: Evidence from the Kauffman Firm Survey

      • Susan Coleman, Alicia Robb

      Pages 173-194

   6. Do Male and Female Loan Officers Differ in Small Business Lending? A Review of the Literature

      • Andrea Bellucci, Alexander Borisov, Alberto Zazzaro

      Pages 195-219

Is small still beautiful? The recent economic and financial crisis has shown that developed countries in which firms are smaller suffered the biggest GDP plunges. Today, economic growth depends more than in the past on sound and well-organized firms, which means more innovation, a better educated labor force, higher likelihood of access to financial resources and efficient investments. This does not mean the end of small-sized firms, but that they need to be different from the way they were in the past. This book provides an international perspective on analyses and policy recommendations for how small businesses can reinforce their role in modern economies.

• Financial structure
• Firm-bank relationship
• Innovation
• Small Businesses

• Fac. Economia, Economics and Quantitative Methods, Università di Urbino, Urbino, Italy

  Giorgio Calcagnini

• , Economics and Quantitative Methods, Università di Urbino "Carlo Bo", Urbino, Italy

  Ilario Favaretto

Giorgio Calcagnini is Professor of Economics at the University of Urbino, Italy, where he teaches courses and conducts applied research on investment, macro- and micro-economic theory, and the financial system. He was a researcher at ISCO and at the Confindustria, both in Rome. Ilario Favaretto is Professor of Regional Economics at the University of Urbino, Italy. His current research focuses on the role of small businesses adopting an international perspective and expecially focusing on European policies.

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