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Financial constraints and innovation: why poor countries don't catch up

Gorodnichenko, Yuriy; Schnitzer, Monika - 2010

of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm …'s innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and hence to catch up to the technological frontiers. This negative effect is amplified as financial constraints force …

Persistent link: https://www.econbiz.de/10010269463

Exports Versus FDI Revisited: Does Finance Matter?

Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2010

This paper explores the impact of financial constraints on the internationalization strategies of firms. It contributes to the literature by focusing on three aspects: First, the paper studies the impact of financial constraints on exporting relative to FDI. Consistent with theory, the empirical...

Persistent link: https://www.econbiz.de/10010333826

Financial constraints and innovation: Why poor countries don't catchup

Gorodnichenko, Yuriy; Schnitzer, Monika - 2010

and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation … and export activities, using unique firm survey data which provides direct measures for innovations and firm …-specific financial constraints. We find that financial constraints restraint heability of domestically owned firms to innovate and export …

Persistent link: https://www.econbiz.de/10010333877