Linking financial ecosystem and the growth of young SMEs: evidence from Spanish regions
Manuela Vega-Pascual,
Filippo di Pietro,
María-José Palacín-Sánchez
et al.
Abstract:This study analyses the effect of the financial ecosystem on the growth of young firms at the regional level. This subject is relatively new in entrepreneurial finance research since most of the previous studies have failed to consider all the alternative sources of external financing to which young firms have access. This study highlights the relevance of alternative resources and actors in the financial environment beyond traditional banks, such as crowdfunding, business angels, peer-to-peer lending, acceler… Show more
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