Mancusi, Maria Luisa; Vezzulli, Andrea - KITeS, Centre for Knowledge, Internationalization and … - 2010
We study the effect of financing constraints on the decision to do R&D and on the level of R&D investment using survey data and complete financial accounting data on a large number of Italian manufacturing SMEs from 2001 to 2003. We use a direct indicator of credit constraints and employ an...