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

This study presents a novel empirical approach to identify financing constraints for innovation based on the idea of an … alternatives of use. If they choose additional innovation projects they must have had some unexploited investment opportunities … attribute constraints for innovation not only to lacking financing, but also to firms' innovative capability. Econometric …

&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 …

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … alternatives of use. 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 …

costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … monitoring, requires knowledge disclosure and involves the risk of opportunistic behaviour by the partners. Thus, while the net … collaborative R&D projects in total R&D projects is associated with a higher probability of product innovation and with a higher …

innovation is a crucial productivity driver, a potential crowding out of inventive efforts could increase the cost of mitigating …. However, we do not find negative effects on the number of ongoing R&D projects, investments in innovation-related fixed assets … or on the outcome of innovation projects. Likewise, for firms with subsidy-backed environmental innovations no crowding …