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 …

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 …

R&D collaboration facilitates pooling of complementary skills, learning from the partner as well as sharing risks and … costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … collaborative R&D projects in total R&D projects is associated with a higher probability of product innovation and with a higher …

R&D collaboration facilitates pooling of complementary skills, learning from the partner as well as sharing risks and … costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … terms of gains for innovation performance, but also show that collaboration has decreasing and even negative returns on …

R&D collaboration facilitates pooling of complementary skills, learning from the partner as well as sharing risks and … costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … collaborative R&D projects in total R&D projects is associated with a higher probability of product innovation and with a higher …

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

R&D collaboration facilitates pooling of complementary skills, learning from the partner as well as sharing risks and … costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … collaborative R&D projects in total R&D projects is associated with a higher probability of product innovation and with a higher …

affect investments in innovation projects as such projects are typically characterized by a high degree of uncertainty …, complexity and specificity. Financing innovation externally is thus likely to be more costly compared to financing of other … investment. Hence, internal sources of financing are crucial for the implementation of innovation projects. However, internal …