000			01525cam a2200241 4500500
005			20250121083201.0
041			_afre
042			_adc
100	1	0	_aHaouat Asli, Meriem _eauthor
245	0	0	_aPrudential Regulation, Financial Crisis: What Consequences on the Financing of Start-Ups?
260			_c2013.
500			_a36
520			_aThis paper explores the financing difficulties of small, innovative firms. Those firms, associated with high costs and high levels of risk, have greater financing problems in the context of the financial crisis and new capital requirements. Based on a critical analysis of new prudential regulations introduced by Basel III and Solvency II, this article investigates the impact of higher capital requirements on the cost of funding, loan growth, and venture capital financing. The results suggest that new capital and liquidity rules may lead banks to increase their lending rates and reduce their credit to small innovative firms (a credit crunch). Furthermore, we show that the new regulatory framework for banks and insurance companies is likely to result in an equity crunch.JEL Codes: G21, G24, G28, M13, O32
690			_aSolvency II
690			_aSME
690			_aventure capital
690			_aBasle III
690			_ainnovation
690			_abanking credit
690			_afinancing
786	0		_nInnovations | o 40 | 1 | 2013-01-25 | p. 101-123 | 1267-4982
856	4	1	_uhttps://shs.cairn.info/journal-innovations-2013-1-page-101?lang=en&redirect-ssocas=7080
999			_c502620 _d502620