Small innovative firms rely less on debt, more on internal resources.
Small innovative firms in Italy rely more on their own money and less on loans compared to non-innovative small firms. This is because it's harder for small firms to get external funding, especially for innovative projects. Large firms, on the other hand, don't show this difference in financing between innovators and non-innovators. Small innovative firms also don't depend as much on their cash flow for investments, likely because they have more internal funds to work with.