Do Inter-Firm Networks Make Access to Finance Easier? Issues and Empirical Evidence
CONTRACTUAL NETWORKS, INTER-FIRM COOPERATION AND THE SMALL BUSINESS ACT, Fabrizio Cafaggi, Cheltenam, Edward Elgar, eds., Forthcoming
28 Pages Posted: 6 Jul 2009
Date Written: July 2, 2009
Does participation in inter-firm networks make access to credit easier for firms? Is finance a motivation driving the formation of inter-firm networks? During the last twenty years these two questions have been hotly debated by economists both theoretically and empirically. In this paper, we selectively review the literature on inter-firm networking, internal capital markets and access to external credit.
Keywords: inter-firm networks, internal capital markets, access to credit
JEL Classification: G3, L14
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