of a low-leverage/high cash no-short-term capital structure policy. We use Jovanovic's model (1982) that relates growth …, age and size, as used by Heshmati (2001), to which we add a dummy indicating financial conservatism. As the growth of a …

of a low-leverage/high cash no-short-term capital structure policy. We use Jovanovic's model (1982) that relates growth …, age and size, as used by Heshmati (2001), to which we add a dummy indicating financial conservatism. As the growth of a …

individual level of the positive effect of spending on research, development and innovation on economic growth during the 2000 …-2019 period. Assuming that patents act as a proxy for innovation and using the ordinary least squares dynamic estimator, the … growth of 1.27 %. Additionally, by implementing a Granger causality test for a panel, a positive and significant relationship …