Robust SME investment and financing under market frictions
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DOI: 10.1080/14697688.2025.2519842
Abstract: This paper develops a real option model of robust SME investment to investigate the SMEs' heterogeneous investment and financing strategies under market frictions. When financing its project using the innovative credit guarantee scheme (Equity-for-guarantee swap,… read more here.
Keywords: market; investment financing; robust sme; sme investment ... See more keywords