Chapter

Introduction

Francesca Carnevali

in Europe's Advantage

Published in print September 2005 | ISBN: 9780199257393
Published online September 2006 | e-ISBN: 9780191603846 | DOI: http://dx.doi.org/10.1093/0199257396.003.0001
Introduction

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This chapter explores the literature on the economic importance of small firms in terms of employment and technological change. It considers why small firms are reliant on commercial banks for finance, and why information asymmetries can make a difference in the nature of this relationship.

Keywords: employment; technology; finance; information asymmetries; transaction costs

Chapter.  5228 words. 

Subjects: Economic History

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