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This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...
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-and-medium-sized businesses (SMEs) to reassess and adapt their funding strategies. At the heart of the matter is the worsening access to bank … makers, in light of the fact that SMEs dominate the business landscape in Europe and are the main drivers of employment … including the problems faced by SMEs in accessing bank credit and the cost of funding and its determinants. Particular attention …
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