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This study examines the moderating effect of firm size on the relationship between innovation and firm performance of small and medium enterprises in 29 countries in Eastern European and Central Asia. The study also investigates whether the impact of innovation in products and processes on firm...
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met the research criteria with panel data analysis. The findings show that firm size and asset structure affect leverage … affect leverage. All findings are in line with the hypotheses except agency cost. The firm size as a moderating variable … shows strengthening of the interaction between agency cost and innovation with leverage. However, interacting with firm size …
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study finds that directionality of leverage, R&D investment and performance relationships observed appear to be contrary to …
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