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Are there financing constraints for R&D and investment in German manufacturing firms?

Harhoff, Dietmar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1996

Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to cash flow for relatively small firms. Much of this...

Persistent link: https://www.econbiz.de/10008567560

Research and development: financial constraints and the role of public funding for small and medium-sized enterprises

Czarnitzki, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

German small and medium?sized firms (SME). Special attention is paid to the role of public R&D subsidies. For this purpose … SME in Western and East-ern Germany are compared because these regions are very different in their supply of public R …&D funding. It turns out that Western German SME are financially constrained in their R&D activities by both internal and …

Persistent link: https://www.econbiz.de/10005098138