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Are UK technology-based small firms still finance constrained? |
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| Authors: | Farid Ullah Peter Taylor |
| Affiliation: | (1) Department of Enterprise and Economic Development, Business School, The University of Glamorgan, Pontypridd, CF37 1DL, Wales, UK;(2) Division of Accounting and Finance, The University of Liverpool Management School (ULMS), Chatham Building, Chatham Street, Liverpool, L69 7ZH, UK |
| Abstract: | This paper examines funding issues for UK Technology-based Small Firms (TBSFs). TBSFs are the cry of today and UK government like other countries is trying to increase the mass of TBSFs by various means. However, it is reported that TBSFs face many impediments to their successful development. Finance is believed as the main barrier at the early stages of TBSFs development. This paper is attempting to follow up and report if the funding situation for UK TBSFs has improved. The findings reported in this paper suggest that nearly 80% sample firms were finance constrained at the early stages of business development. |
| Keywords: | TBSFs Finance Entrepreneurship Innovation Early stages |
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