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Credit constraints and innovation

Banque de France - PARIS - 2015

First we will attempt to describe the typical characteristics of innovative companies (are they rather large or small? Are they young? Is any sector overrepresented?). These characteristics do not appear to be well known. Secondly we will see to what extent credit constraints can prevent some companies from innovating. If the hindrance is severe, we will question whether small companies are more/less affected than medium and large companies.