Engines of progress V: NEES Energy Inc., 1984-1990
Article Abstract:
NEES Energy Inc. was a subsidiary firm spun off the New England Electric System in 1984 and merged with the Northeast Energy Services in 1990. The firm, which designed and installed energy conservation systems, offers a revealing case study of corporate entrepreneurship. For instance, NEES Energy proved that new venture firms have to run under conditions highly unattractive and unprofitable for their parent firms, namely a highly uncertain market reception, very intense team effort and an autonomous management.
Publication Name: Journal of Business Venturing
Subject: Business, general
ISSN: 0883-9026
Year: 1992
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Is lack of funds the main obstacle to growth? EBRD's experience with small- and medium-sized businesses in Central and Eastern Europe
Article Abstract:
The deficiencies of the financial system of central and eastern European countries are analyzed and their implications for small- and medium-scale enterprises (SMEs) examined. The role of the European Bank for Reconstruction and Development (EBRD) in correcting the liquidity constraints faced by SMEs is also investigated. Analysis reveals that the EBRD prefers to reach SMEs through local financial intermediaries, emphasizes commercial approaches to finance, and aids the development of local financial systems.
Publication Name: Journal of Business Venturing
Subject: Business, general
ISSN: 0883-9026
Year: 1999
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Loan guarantees: costs of default and benefits to small firms
Article Abstract:
Research examining types of loan guarantees for small firms development is presented. Particular attention is given to international variations in default rates and cost benefits, with focus on the Canadian policy of loan guarantees.
Publication Name: Journal of Business Venturing
Subject: Business, general
ISSN: 0883-9026
Year: 2001
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