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Financing constraints and patent investment in small and medium-sized enterprises: A family entrepreneurial perspective

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  • Cui, Dan
  • Cheng, Liangmin
  • You, Jing

Abstract

In this study, we examine the relationship between financing constraints and patent investment in small and medium-sized enterprises (SMEs) from the perspective of family entrepreneurship. Using SME survey data published by the Chinese Bureau of Statistics, we conduct an empirical analysis. We find significant associations between financial access restrictions, family involvement, entrepreneurial propensity, and patent investment. Reducing financing constraints and promoting household participation can increase patent investment in SMEs and improve their innovation and sustainability.

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  • Cui, Dan & Cheng, Liangmin & You, Jing, 2024. "Financing constraints and patent investment in small and medium-sized enterprises: A family entrepreneurial perspective," Finance Research Letters, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003489
    DOI: 10.1016/j.frl.2024.105318
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    4. Zhao, Cui-Xia & Li, Yan & Wang, Hao-Kui, 2025. "Investor sentiment, financing constraints, and corporate risk-taking: Mechanisms and heterogeneity analysis," International Review of Financial Analysis, Elsevier, vol. 107(C).

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