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Restricciones En La Financiación De La Innovación. El Caso De La Comunidad Valenciana / Restraints Of Financing For Innovation. The Spanish Valencia Region


  • Martinez Chafer, Luis

    () (Universidad Jaime I (España))

  • Molina Morales, Francesc Xavier

    () (Universidad Jaime I (España))


La financiación se considera una premisa crítica para los proyectos de innovación de las empresas. Éstos, se caracterizan por tener un alto grado de incertidumbre, complejidad y especificidad. En consecuencia, las empresas pueden experimentar dificultades para encontrar apoyofinanciero. Mediante el análisis de redes sociales (Social Network Analysis) pretendemos describir e interpretar el papel que juegan las diferentes instituciones de crédito en la Comunidad Valenciana considerando los atributos de la red que constituyen. Los resultados sugieren la debilidad de los bancos tradicionales y de las empresas de capital riesgo frente a una relativa fortaleza de las iniciativas e instituciones públicas. / Financing has been considered as a critical requirement for firm innovation projects. However, these projects are typically characterized by a high degree of uncertainty, complexity and specificity. As a consequence companies may find difficulties to obtain support from financial markets. By a Social Network Analysis we aim to map and interpret the role of the different credit institutions in the Valencia region considering its network attributes. Findings suggest weakness of traditional banking and venture capital firms.

Suggested Citation

  • Martinez Chafer, Luis & Molina Morales, Francesc Xavier, 2011. "Restricciones En La Financiación De La Innovación. El Caso De La Comunidad Valenciana / Restraints Of Financing For Innovation. The Spanish Valencia Region," Investigaciones Europeas de Dirección y Economía de la Empresa (IEDEE), Academia Europea de Dirección y Economía de la Empresa (AEDEM), vol. 17(2), pages 143-159.
  • Handle: RePEc:idi:jiedee:v:17:y:2011:i:2:p:143-159

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    References listed on IDEAS

    1. Slater, Stanley F. & Narver, John C., 2000. "The Positive Effect of a Market Orientation on Business Profitability: A Balanced Replication," Journal of Business Research, Elsevier, vol. 48(1), pages 69-73, April.
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    More about this item


    Análisis de Redes Sociales; Innovación; Restricciones Financieras; Comunidad Valenciana.; Social Network Analysis; Innovation; credit rationing; Valencia region; R&D.;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives


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