Laborda, Juan; Salas-Fumás, Vicente; Suárez Gálvez, … - In: Journal of open innovation : technology, market, and … 6 (2020) 2/33, pp. 1-23
This paper examines the sensitivity of firms´ R&D expenditures to being externally financial constrained to undertake innovation projects, considering that being constrained is endogenous. It focuses on devising a model that enable us to explore the combined impact of liquidity constraints,...