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Public provision of sales contingent claims backed finance to SMEs: A policy alternative

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  • Kaivanto, Kim
  • Stoneman, Paul

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  • Kaivanto, Kim & Stoneman, Paul, 2007. "Public provision of sales contingent claims backed finance to SMEs: A policy alternative," Research Policy, Elsevier, vol. 36(5), pages 637-651, June.
    • Handle: RePEc:eee:respol:v:36:y:2007:i:5:p:637-651
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    1. John H. Cochrane & Jesus Saa-Requejo, 2000. "Beyond Arbitrage: Good-Deal Asset Price Bounds in Incomplete Markets," Journal of Political Economy, University of Chicago Press, vol. 108(1), pages 79-119, February.
    2. Sujoy Mukerji & Jean-Marc Tallon, 2001. "Ambiguity Aversion and Incompleteness of Financial Markets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 68(4), pages 883-904.
    3. Manuel Trajtenberg, 2002. "Government Support for Commercial R&D: Lessons from the Israeli Experience," NBER Chapters, in: Innovation Policy and the Economy, Volume 2, pages 79-134, National Bureau of Economic Research, Inc.
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    5. Myers, Stewart C. & Majluf, Nicholas S., 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Journal of Financial Economics, Elsevier, vol. 13(2), pages 187-221, June.
    6. Gernot Klepper, 1994. "Industrial Policy in the Transport Aircraft Industry," NBER Chapters, in: Empirical Studies of Strategic Trade Policy, pages 101-130, National Bureau of Economic Research, Inc.
    7. Morris, Stephen, 1994. "Trade with Heterogeneous Prior Beliefs and Asymmetric Information," Econometrica, Econometric Society, vol. 62(6), pages 1327-1347, November.
    8. Myers, Stewart C, 1984. "The Capital Structure Puzzle," Journal of Finance, American Finance Association, vol. 39(3), pages 575-592, July.
    9. Bronwyn Hall, 2004. "The financing of research and development," Chapters, in: Anthony Bartzokas & Sunil Mani (ed.), Financial Systems, Corporate Investment in Innovation, and Venture Capital, chapter 2, Edward Elgar Publishing.
    10. Robert E. Baldwin, 1988. "Trade Policy Issues and Empirical Analysis," NBER Books, National Bureau of Economic Research, Inc, number bald88-2, June.
    11. Damien NEVEN & Paul SEABRIGHT, 1995. "European Industrial Policy: The Airbus Case," Cahiers de Recherches Economiques du Département d'économie 9509, Université de Lausanne, Faculté des HEC, Département d’économie.
    12. Paul Krugman & Alasdair Smith, 1994. "Empirical Studies of Strategic Trade Policy," NBER Books, National Bureau of Economic Research, Inc, number krug94-1, June.
    13. Richard Baldwin & Paul Krugman, 1988. "Industrial Policy and International Competition in Wide-Bodied Jet Aircraft," NBER Chapters, in: Trade Policy Issues and Empirical Analysis, pages 45-78, National Bureau of Economic Research, Inc.
    14. Stephen Morris, 1997. "Risk, uncertainty and hidden information," Theory and Decision, Springer, vol. 42(3), pages 235-269, May.
    15. Dixit, Avinash K & Kyle, Albert S, 1985. "The Use of Protection and Subsidies for Entry Promotion and Deterrence," American Economic Review, American Economic Association, vol. 75(1), pages 139-152, March.
    16. Antonio E. Bernardo & Olivier Ledoit, 2000. "Gain, Loss, and Asset Pricing," Journal of Political Economy, University of Chicago Press, vol. 108(1), pages 144-172, February.
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    Cited by:

    1. Svensson, Roger, 2007. "Commercialization of patents and external financing during the R&D phase," Research Policy, Elsevier, vol. 36(7), pages 1052-1069, September.
    2. Stoneman, Paul, 2011. "Soft Innovation: Economics, Product Aesthetics, and the Creative Industries," OUP Catalogue, Oxford University Press, number 9780199697021.
    3. A. Garcia-Bernabeu & F. Mayor-Vitoria & F. Mas-Verdu, 2015. "Project Finance Recent Applications and Future Trends: The State of the Art," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 14(2), pages 159-178, December.
    4. Day-Yang Liu & Chia-Kan Wang & Chung-Yi Fang & Pei-Leen Liu, 2021. "A Study of Project Financing on the Defense Industry in Systems Thinking Perspective," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 11(2), pages 1-6.
    5. Liu, Shasha & Ji, Mianmian & Wang, Huijuan, 2021. "Decentralization and firm innovation: Evidence from a natural experiment in China," Economic Modelling, Elsevier, vol. 94(C), pages 501-512.
    6. Svensson, Roger, 2008. "Renewal of Patents and Government Financing," Working Paper Series 759, Research Institute of Industrial Economics.
    7. Guy Meunier & Jean‐Pierre Ponssard, 2024. "Green industrial policy, information asymmetry, and repayable advance," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 26(1), February.
    8. Andrew E. Hansen‐Addy & Mario Davide Parrilli & Ishmael Tingbani, 2025. "The impact of the regulatory business environment on SMEs' funding choices in developing countries: Evidence from Africa," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 941-960, January.
    9. Roger Svensson, 2013. "Publicly-funded R&D programs and survival of patents," Applied Economics, Taylor & Francis Journals, vol. 45(10), pages 1343-1358, April.
    10. Kaivanto, Kim & Zinober, Alan, 2015. "When are Capital Structure Decisions Nonseparable from Production Planning? The Case of Generalized Royalty-Based Hybrid Finance," MPRA Paper 66963, University Library of Munich, Germany.
    11. Kim Kaivanto & Alan Zinober, 2015. "When are capital structure decisions nonseparable from production planning?," Working Papers 96496260, Lancaster University Management School, Economics Department.
    12. Wang, Taiyuan & Thornhill, Stewart, 2010. "R&D investment and financing choices: A comprehensive perspective," Research Policy, Elsevier, vol. 39(9), pages 1148-1159, November.

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