Financial Constraints, Innovation Performance and Sectoral Disaggregation
Abstract
How do the effects of financial constraints on innovation performance vary by sector and firm characteristics? This paper uses innovation survey data from 11 E uropean countries to examine the heterogeneity of these effects. Our results suggest that the impact of direct measures of financial barriers differs in production and service sectors, and also by the firm's export orientation. In particular, financial constraints appear to have more...
Paper Details
Title
Financial Constraints, Innovation Performance and Sectoral Disaggregation
Published Date
Jan 2, 2015
Journal
Volume
84
Issue
2
Pages
125 - 158
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