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The article investigates the relative benefit of formality/informality of finance sources for innovation and compares this benefit amongst immigrant and native entrepreneurs. The authors investigate whether formal finance (here, bank loan) benefit innovation more than informal sources (personal savings and friend/family loan). Then, they explore whether an entrepreneur's status strengthens or weakens the benefit finance sources for innovation.
Ashourizadeh et al. (Sat,) studied this question.
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