recipients' investment is less sensitive to internal liquidity. -- Research and development ; liquidity constraints ; innovation …

and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation … export and innovation activities to become substitutes although they are generally natural complements. …

and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation … export and innovation activities to become substitutes although they are generally natural complements. …

Evidence on the “funding gap” for investment innovation is surveyed. The focus is on financial market reasons for …

's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements. -- Innovation …

's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements …

' patents. We find evidence that the negative effect of stronger debtor protection on experimentation and innovation may be due … encourages innovation by reducing the cost of failure for innovators, we show that it can instead dampen innovative activities by …

Accessing external finance for innovation is notoriously difficult. We study the effect of financial constraints on the … probability of conducting process innovation, while also considering the role of past innovating experience. Theoretically, we … show a firm’s optimal process innovation decision is a function of its previous decision, financial constraints, and a set …

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 …