This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …

new knowledge and alliances that aim at exchange of existing knowledge, the results suggest that the positive effect on … patent quantity is driven by knowledge exchange rather than joint R&D. Firms engaged in joint R&D, on the other hand, receive … patenting, our results further suggest that knowledge creation alliances lead to patents that are filed to protect valuable …

recipients' investment is less sensitive to internal liquidity. -- Research and development ; liquidity constraints ; innovation …

&D Collaboration ; Knowledge Exchange ; Patents ; Innovation ; Count Data Models … new knowledge and alliances that aim at exchange of existing knowledge, the results suggest that the positive effect on … patent quantity is driven by knowledge exchange rather than joint R&D. Firms engaged in joint R&D, on the other hand, receive …

privately financed R&D and subsidyinduced R&D investment to evaluate their respective effects on innovation performance. The … collaborate internationally as well as for SMEs. -- Innovation Policy ; Subsidies ; R&D ; SMEs ; International Collaboration … ; Treatment Effects ; Innovation Performance …

evidence for incentive and financing problems for private sector investment in innovation projects has provided ground for … governmental interventions to prevent welfare reducing underinvestment in innovation. However, the survey of the literature shows …