New Study Shows External Financing Boosts Innovation and Firm Growth
The study looked at how different types of funding can help companies innovate and grow. They found that getting money from outside sources like loans or grants can lead to more innovation and growth in a company. Equity financing had the biggest impact on innovation and growth, while grants also helped with innovation and growth, especially in creating jobs. Using multiple funding sources together was more effective than using just one. Overall, the study shows that getting financial help can boost innovation and help companies grow.