Subsidies, financial constraints and firm innovative activities in emerging economies
Author
Abstract
Suggested Citation
DOI: 10.1007/s11187-017-9877-3
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Girma, Sourafel & Gorg, Holger & Strobl, Eric, 2007. "The effects of government grants on plant survival: A micro-econometric analysis," International Journal of Industrial Organization, Elsevier, vol. 25(4), pages 701-720, August.
- Almus, Matthias & Czarnitzki, Dirk, 2003.
"The Effects of Public R&D Subsidies on Firms' Innovation Activities: The Case of Eastern Germany,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 21(2), pages 226-236, April.
- Almus, Matthias & Czarnitzki, Dirk, 2001. "The effects of public R&D subsidies on firms' innovation activities: the case of Eastern Germany," ZEW Discussion Papers 01-10, ZEW - Leibniz Centre for European Economic Research.
- Hyytinen, Ari & Toivanen, Otto, 2005.
"Do financial constraints hold back innovation and growth?: Evidence on the role of public policy,"
Research Policy, Elsevier, vol. 34(9), pages 1385-1403, November.
- Hyytinen, Ari & Toivanen, Otto, 2003. "Do Financial Constraints Hold Back Innovation and Growth? Evidence on the Role of Public Policy," Discussion Papers 820, The Research Institute of the Finnish Economy.
- Yaldız Hanedar, Elmas & Broccardo, Eleonora & Bazzana, Flavio, 2014. "Collateral requirements of SMEs: The evidence from less-developed countries," Journal of Banking & Finance, Elsevier, vol. 38(C), pages 106-121.
- Popov, Alexander, 2014.
"Credit constraints and investment in human capital: Training evidence from transition economies,"
Journal of Financial Intermediation, Elsevier, vol. 23(1), pages 76-100.
- Popov, Alexander, 2013. "Credit constraints and investment in human capital: training evidence from transition economies," Working Paper Series 1606, European Central Bank.
- Veugelers, Reinhilde & Hottenrott, Hanna & Lopes Bento, Cindy, 2014.
"Direct and Cross-Scheme Effects in a Research and Development Subsidy Program,"
CEPR Discussion Papers
10181, C.E.P.R. Discussion Papers.
- Hottenrott, Hanna & Lopes-Bento, Cindy & Veugelers, Reinhilde, 2014. "Direct and cross-scheme effects in a research and development subsidy program," ZEW Discussion Papers 14-107, ZEW - Leibniz Centre for European Economic Research.
- Hottenrott, Hanna & Lopes-Bento, Cindy & Veugelers, Reinhilde, 2014. "Direct and cross-scheme effects in a research and development subsidy program," DICE Discussion Papers 152, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Hottenrott, Hanna Leontine & Lopes-Bento, Cindy & Veugelers, Reinhilde, 2015. "Direct and Cross-Scheme Effects in a Research and Development Subsidy Program," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112899, Verein für Socialpolitik / German Economic Association.
- Czarnitzki, Dirk & Lopes-Bento, Cindy, 2013.
"Value for money? New microeconometric evidence on public R&D grants in Flanders,"
Research Policy, Elsevier, vol. 42(1), pages 76-89.
- Czarnitzki, Dirk & Lopes-Bento, Cindy, 2012. "Value for money? New microeconometric evidence on public R&D grants in Flanders," ZEW Discussion Papers 12-034, ZEW - Leibniz Centre for European Economic Research.
- Philippe Aghion & Philippe Askenazy & Nicolas Berman & Gilbert Cette & Laurent Eymard, 2012.
"Credit Constraints And The Cyclicality Of R&D Investment: Evidence From France,"
Journal of the European Economic Association, European Economic Association, vol. 10(5), pages 1001-1024, October.
- Philippe Aghion & Philippe Askenazy & Nicolas Berman & Gilbert Cette & Laurent Eymard, 2008. "Credit constraints and the cyclicality of R&D investment: Evidence from France," PSE Working Papers halshs-00586744, HAL.
- Aghion, Philippe & Askenazy, Philippe & Berman, Nicolas & Cette, Gilbert & Eymard, Laurent, 2012. "Credit Constraints and the Cyclicality of R&D Investment: Evidence from France," Scholarly Articles 27759621, Harvard University Department of Economics.
- Aghion, Philippe & Askenazy, Philippe & Berman, Nicolas & Cette, Gilbert & Eymard, Laurent, 2012. "Credit Constraints and the Cyclicality of R&D Investment: Evidence from France," Scholarly Articles 12490632, Harvard University Department of Economics.
- Aghion, Philippe & Askenazy, Philippe & Berman, Nicolas & Cette, Gilbert & Eymard, Laurent, 2012. "Credit Constraints and the Cyclicality of R&D Investment: Evidence from France," Scholarly Articles 30752812, Harvard University Department of Economics.
- Aghion, P. & Askenazy, P. & Berman, N. & Cette, G. & Eymard, L., 2008. "Credit Constraints and the Cyclicality of R&D Investment: Evidence from France," Working papers 198, Banque de France.
- Philippe Aghion & Philippe Askenazy & Nicolas Berman & Gilbert Cette & Laurent Eymard, 2008. "Credit constraints and the cyclicality of R&D investment: Evidence from France," Working Papers halshs-00586744, HAL.
- Besnik A. Krasniqi & Sameeksha Desai, 2016. "Institutional drivers of high-growth firms: country-level evidence from 26 transition economies," Small Business Economics, Springer, vol. 47(4), pages 1075-1094, December.
- repec:bla:jindec:v:50:y:2002:i:4:p:369-90 is not listed on IDEAS
- Bronwyn Hall, 2004.
"The financing of research and development,"
Chapters, in: Anthony Bartzokas & Sunil Mani (ed.), Financial Systems, Corporate Investment in Innovation, and Venture Capital, chapter 2,
Edward Elgar Publishing.
- Bronwyn H. Hall, 2002. "The Financing of Research and Development," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 18(1), pages 35-51, Spring.
- Hall, Bronwyn H., 2002. "The Financing of Research and Development," Department of Economics, Working Paper Series qt34c1c643, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Bronwyn H. Hall, 2003. "The Financing of Research and Development," Finance 0303003, University Library of Munich, Germany.
- Bronwyn H. Hall, 2002. "The Financing of Research and Development," NBER Working Papers 8773, National Bureau of Economic Research, Inc.
- Hall, Bronwyn, 2002. "The Financing of Research and Development," Department of Economics, Working Paper Series qt5rf0x9gz, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Erol, Turan, 2005. "Corporate debt and output pricing in developing countries: Industry-level evidence from Turkey," Journal of Development Economics, Elsevier, vol. 76(2), pages 503-520, April.
- Bronwyn Hall & Benoit Mulkay and Jacques Mairesse, 2001. "Firm Level Investment and R and D in France and the United States: A Comparison," Economics Series Working Papers 2001-W02, University of Oxford, Department of Economics.
- Martin Brown & Steven Ongena & Alexander Popov & Pinar Yeşin, 2011.
"Who needs credit and who gets credit in Eastern Europe? [Interaction terms in logit and probit models],"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 26(65), pages 93-130.
- Martin Brown & Steven Ongena & Alexander Popov & Dr. Pinar Yesin, 2010. "Who Needs Credit and Who Gets Credit in Eastern Europe?," Working Papers 2010-09, Swiss National Bank.
- Brown, M. & Ongena, S. & Popov, A. & Yesin, P., 2010. "Who Needs Credit and Who Gets Credit in Eastern Europe?," Other publications TiSEM 48806ab8-09f6-4b48-a712-1, Tilburg University, School of Economics and Management.
- Brown, M. & Ongena, S. & Popov, A. & Yesin, P., 2010. "Who Needs Credit and Who Gets Credit in Eastern Europe?," Discussion Paper 2010-50, Tilburg University, Center for Economic Research.
- Brown, M. & Ongena, S. & Popov, A. & Yesin, P., 2010. "Who Needs Credit and Who Gets Credit in Eastern Europe?," Other publications TiSEM d364e5fd-ede9-4017-ba9e-1, Tilburg University, School of Economics and Management.
- Ongena, Steven & Popov, Alexander & Brown, Martin & Yesin, Pinar, 2012. "Who needs credit and who gets credit in Eastern Europe?," Working Paper Series 1421, European Central Bank.
- James A. Brander & Qianqian Du & Thomas Hellmann, 2015.
"The Effects of Government-Sponsored Venture Capital: International Evidence,"
Review of Finance, European Finance Association, vol. 19(2), pages 571-618.
- James A. Brander & Qianqian Du & Thomas F. Hellmann, 2010. "The Effects of Government-Sponsored Venture Capital: International Evidence," NBER Working Papers 16521, National Bureau of Economic Research, Inc.
- Cappelli, Riccardo & Czarnitzki, Dirk & Kraft, Kornelius, 2014.
"Sources of spillovers for imitation and innovation,"
Research Policy, Elsevier, vol. 43(1), pages 115-120.
- Cappelli, Riccardo & Czarnitzki, Dirk & Kraft, Kornelius, 2013. "Sources of spillovers for imitation and innovation," ZEW Discussion Papers 13-064, ZEW - Leibniz Centre for European Economic Research.
- Benoît Mulkay & Bronwyn H, Hall & Jacques Mairesse, 2000.
"Firm Level Investment and R&D in France and the United States : A Comparison,"
Working Papers
2000-49, Center for Research in Economics and Statistics.
- Benoit Mulkay & Bronwyn H. Hall & Jacques Mairesse, 2001. "Firm Level Investment and R&D in France and the United States: A Comparison," Economics Papers 2001-W2, Economics Group, Nuffield College, University of Oxford.
- Benoit Mulkay & Bronwyn H. Hall & Jacques Mairesse, 2000. "Firm Level Investment and R&D in France and the United States: A Comparison," NBER Working Papers 8038, National Bureau of Economic Research, Inc.
- Steven M. Fazzari & R. Glenn Hubbard & Bruce C. Petersen, 1988.
"Financing Constraints and Corporate Investment,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 19(1), pages 141-206.
- Steven Fazzari & R. Glenn Hubbard & Bruce C. Petersen, 1987. "Financing Constraints and Corporate Investment," NBER Working Papers 2387, National Bureau of Economic Research, Inc.
- Yuriy Gorodnichenko & Monika Schnitzer, 2013.
"Financial Constraints And Innovation: Why Poor Countries Don'T Catch Up,"
Journal of the European Economic Association, European Economic Association, vol. 11(5), pages 1115-1152, October.
- Gorodnichenko, Yuriy & Schnitzer, Monika, 2010. "Financial constraints and innovation: Why poor countries don't catchup," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 341, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Yuriy Gorodnichenko & Monika Schnitzer, 2010. "Financial constraints and innovation: Why poor countries don't catch up," NBER Working Papers 15792, National Bureau of Economic Research, Inc.
- Schnitzer, Monika & Gorodnichenko, Yuriy, 2010. "Financial constraints and innovation: Why poor countries don't catch up," CEPR Discussion Papers 7721, C.E.P.R. Discussion Papers.
- Gorodnichenko, Yuriy & Schnitzer, Monika, 2013. "Financial constraints and innovation: Why poor countries don't catch up," Munich Reprints in Economics 20443, University of Munich, Department of Economics.
- Gorodnichenko, Yuriy & Schnitzer, Monika, 2010. "Financial Constraints and Innovation: Why Poor Countries Don't Catch Up," IZA Discussion Papers 4786, Institute of Labor Economics (IZA).
- Himmelberg, Charles P & Petersen, Bruce C, 1994.
"R&D and Internal Finance: A Panel Study of Small Firms in High-Tech Industries,"
The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 38-51, February.
- Charles P. Himmelberg & Bruce C. Petersen, 1991. "R&D and internal finance: a panel study of small firms in high-tech industries," Working Paper Series, Macroeconomic Issues 91-25, Federal Reserve Bank of Chicago.
- Aghion, P. & Askenazy, P. & Berman, N. & Cette, G. & Eymard, L., 2008.
"Credit Constraints and the Cyclicality of R&D Investment: Evidence from France,"
Working papers
198, Banque de France.
- Philippe Aghion & Philippe Askenazy & Nicolas Berman & Gilberte Cette & Laurent Eymard, 2012. "Credit Constraints and the Cyclicality of R&D Investment: Evidence from Micro Panel data," PSE-Ecole d'économie de Paris (Postprint) halshs-00754573, HAL.
- Philippe Aghion & Philippe Askenazy & Nicolas Berman & Gilberte Cette & Laurent Eymard, 2012. "Credit Constraints and the Cyclicality of R&D Investment: Evidence from Micro Panel data," Post-Print halshs-00754573, HAL.
- Lewbel, Arthur & Schennach, Susanne M., 2007. "A simple ordered data estimator for inverse density weighted expectations," Journal of Econometrics, Elsevier, vol. 136(1), pages 189-211, January.
- Yingying Dong & Arthur Lewbel, 2015.
"A Simple Estimator for Binary Choice Models with Endogenous Regressors,"
Econometric Reviews, Taylor & Francis Journals, vol. 34(1-2), pages 82-105, February.
- Yingying Dong & Arthur Lewbel, 2004. "A Simple Estimator for Binary Choice Models with Endogenous Regressors," Boston College Working Papers in Economics 604, Boston College Department of Economics, revised 15 Jun 2012.
- Yingying Dong & Arthur Lewbel, 2012. "Simple Estimators for Binary Choice Models with Endogenous Regressors," Working Papers 111204, University of California-Irvine, Department of Economics.
- Yingying Dong & Arthur Lewbel, 2012. "A Simple Estimator for Binary Choice Models With Endogenous Regressors," Boston College Working Papers in Economics 807, Boston College Department of Economics.
- Marc Cowling, 2016. "You can lead a firm to R&D but can you make it innovate? UK evidence from SMEs," Small Business Economics, Springer, vol. 46(4), pages 565-577, April.
- Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2012.
"Do financing constraints matter for R&D?,"
European Economic Review, Elsevier, vol. 56(8), pages 1512-1529.
- Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2015. "Do Financing Constraints Matter for R&D?," Working Paper Series in Economics and Institutions of Innovation 394, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
- Alberto Abadie & Guido W. Imbens, 2016.
"Matching on the Estimated Propensity Score,"
Econometrica, Econometric Society, vol. 84, pages 781-807, March.
- Alberto Abadie & Guido W. Imbens, 2009. "Matching on the Estimated Propensity Score," NBER Working Papers 15301, National Bureau of Economic Research, Inc.
- Hottenrott, Hanna & Lopes-Bento, Cindy, 2014.
"(International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes,"
Research Policy, Elsevier, vol. 43(6), pages 1055-1066.
- Hottenrott, Hanna & Lopes-Bento, Cindy, 2012. "(International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes," ZEW Discussion Papers 12-086, ZEW - Leibniz Centre for European Economic Research.
- Hottenrott, Hanna & Lopes-Bento, Cindy, 2013. "(International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes," DICE Discussion Papers 121, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- LOPES BENTO Cindy & HOTTENROTT Hanna, 2012. "(International) R&D Collaboration and SMEs: The effectiveness of targeted public R&D support schemes," LISER Working Paper Series 2012-36, Luxembourg Institute of Socio-Economic Research (LISER).
- Pere Arqué-Castells & Pierre Mohnen, 2015.
"Sunk Costs, Extensive R&D Subsidies and Permanent Inducement Effects,"
Journal of Industrial Economics, Wiley Blackwell, vol. 63(3), pages 458-494, September.
- Pere Arqué-Castells & Pierre Mohnen, 2012. "Sunk costs, extensive R&D subsidies and permanent inducement effects," Working Papers XREAP2012-10, Xarxa de Referència en Economia Aplicada (XREAP), revised May 2012.
- Pere Arqué-Castells & Pierre Mohnen, 2012. "Sunk costs, extensive R&D subsidies and permanent inducement effects," CIRANO Working Papers 2012s-09, CIRANO.
- Arqué-Castells, Pere & Mohnen, Pierre, 2012. "Sunk costs, extensive R&D subsidies and permanent inducement effects," MERIT Working Papers 2012-029, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Pere Arqué-Castells & Pierre Mohnen, 2012. "Sunk costs, extensive R&D subsidies and permanent inducement effects," Working Papers 2012/13, Institut d'Economia de Barcelona (IEB).
- Dirk Czarnitzki & Bernd Ebersberger & Andreas Fier, 2007. "The relationship between R&D collaboration, subsidies and R&D performance: Empirical evidence from Finland and Germany," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(7), pages 1347-1366.
- Daron Acemoglu & Philippe Aghion & Fabrizio Zilibotti, 2006.
"Distance to Frontier, Selection, and Economic Growth,"
Journal of the European Economic Association, MIT Press, vol. 4(1), pages 37-74, March.
- Daron Acemoglu & Philippe Aghion & Fabrizio Zilibotti, 2002. "Distance to Frontier, Selection, and Economic Growth," NBER Working Papers 9066, National Bureau of Economic Research, Inc.
- Zilibotti, Fabrizio & Aghion, Philippe & Acemoglu, Daron, 2006. "Distance to Frontier, Selection, and Economic Growth," Scholarly Articles 4554122, Harvard University Department of Economics.
- Aghion, Philippe & Acemoglu, Daron & Zilibotti, Fabrizio, 2002. "Distance to Frontier, Selection, and Economic Growth," CEPR Discussion Papers 3467, C.E.P.R. Discussion Papers.
- Brown, James R. & Petersen, Bruce C., 2009. "Why has the investment-cash flow sensitivity declined so sharply? Rising R&D and equity market developments," Journal of Banking & Finance, Elsevier, vol. 33(5), pages 971-984, May.
- Krzysztof Wach, 2016. "Innovative Behaviour of High-Tech Internationalized Firms: Survey Results from Poland," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(3), pages 153-165.
- Saul Lach, 2002.
"Do R&D Subsidies Stimulate or Displace Private R&D? Evidence from Israel,"
Journal of Industrial Economics, Wiley Blackwell, vol. 50(4), pages 369-390, December.
- Saul Lach, 2000. "Do R&D Subsidies Stimulate or Displace Private R&D? Evidence from Israel," NBER Working Papers 7943, National Bureau of Economic Research, Inc.
- Lewbel, Arthur, 2000.
"Semiparametric qualitative response model estimation with unknown heteroscedasticity or instrumental variables,"
Journal of Econometrics, Elsevier, vol. 97(1), pages 145-177, July.
- Arthur Lewbel, 1999. "Semiparametric Qualitative Response Model Estimation with Unknown Heteroskedasticity or Instrumental Variables," Boston College Working Papers in Economics 454, Boston College Department of Economics.
- Cochrane, John H., 2005.
"The risk and return of venture capital,"
Journal of Financial Economics, Elsevier, vol. 75(1), pages 3-52, January.
- Cochrane, John, 2000. "The Risk and Return of Venture Capital," University of California at Los Angeles, Anderson Graduate School of Management qt7qm9h594, Anderson Graduate School of Management, UCLA.
- John H. Cochrane, 2001. "The Risk and Return of Venture Capital," NBER Working Papers 8066, National Bureau of Economic Research, Inc.
- Ayyagari, Meghana & Demirgüç-Kunt, Asli & Maksimovic, Vojislav, 2011. "Firm Innovation in Emerging Markets: The Role of Finance, Governance, and Competition," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 46(6), pages 1545-1580, December.
- Lee, Neil & Sameen, Hiba & Cowling, Marc, 2015.
"Access to finance for innovative SMEs since the financial crisis,"
Research Policy, Elsevier, vol. 44(2), pages 370-380.
- Lee, Neil & Sameen, Hiba & Cowling, Marc, 2015. "Access to finance for innovative SMEs since the financial crisis," LSE Research Online Documents on Economics 60052, London School of Economics and Political Science, LSE Library.
- Paunov, Caroline, 2012. "The global crisis and firms’ investments in innovation," Research Policy, Elsevier, vol. 41(1), pages 24-35.
- Jan Brzozowski & Marco Cucculelli, 2016. "Proactive and Reactive Attitude to Crisis: Evidence from European Firms," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(1), pages 181-191.
- Kim, Woojin & Weisbach, Michael S., 2008.
"Motivations for public equity offers: An international perspective,"
Journal of Financial Economics, Elsevier, vol. 87(2), pages 281-307, February.
- Woojin Kim & Michael S. Weisbach, 2005. "Motivations for Public Equity Offers: An International Perspective," NBER Working Papers 11797, National Bureau of Economic Research, Inc.
- Alessandra Canepa & Paul Stoneman, 2008. "Financial constraints to innovation in the UK: evidence from CIS2 and CIS3," Oxford Economic Papers, Oxford University Press, vol. 60(4), pages 711-730, October.
- Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2013.
"Market failures and the additionality effects of public support to private R&D: Theory and empirical implications,"
International Journal of Industrial Organization, Elsevier, vol. 31(5), pages 634-642.
- Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2013. "Market failures and the additionality effects of public support to private R&D: Theory and empirical implications," Bank of Finland Research Discussion Papers 2/2013, Bank of Finland.
- repec:cup:jfinqa:v:46:y:2011:i:06:p:1545-1580_00 is not listed on IDEAS
- Aerts, Kris & Schmidt, Tobias, 2008.
"Two for the price of one?: Additionality effects of R&D subsidies: A comparison between Flanders and Germany,"
Research Policy, Elsevier, vol. 37(5), pages 806-822, June.
- Aerts, Kris & Schmidt, Tobias, 2006. "Two for the price of one? On additionality effects of R&D subsidies: A comparison between Flanders and Germany," ZEW Discussion Papers 06-063, ZEW - Leibniz Centre for European Economic Research.
- Dirk Czarnitzki & Hanna Hottenrott, 2011.
"Financial Constraints: Routine Versus Cutting Edge R&D Investment,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 20(1), pages 121-157, March.
- Binz, Hanna L. & Czarnitzki, Dirk, 2008. "Financial Constraints: Routine Versus Cutting Edge R&D Investment," ZEW Discussion Papers 08-005, ZEW - Leibniz Centre for European Economic Research.
- Girma, Sourafel & Gorg, Holger & Strobl, Eric, 2007. "The effect of government grants on plant level productivity," Economics Letters, Elsevier, vol. 94(3), pages 439-444, March.
- Colombo, Massimo G. & Grilli, Luca & Murtinu, Samuele, 2011. "R&D subsidies and the performance of high-tech start-ups," Economics Letters, Elsevier, vol. 112(1), pages 97-99, July.
- repec:zbw:bofrdp:2013_002 is not listed on IDEAS
- Romualdas Ginevičius & Valentinas Podvezko & Šarūnas Bruzge, 2008. "Evaluating the effect of state aid to business by multicriteria methods," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 9(3), pages 167-180, August.
- Yohei Kobayashi, 2014. "Effect of R&D tax credits for SMEs in Japan: a microeconometric analysis focused on liquidity constraints," Small Business Economics, Springer, vol. 42(2), pages 311-327, February.
- Scott J. Wallsten, 2000. "The Effects of Government-Industry R&D Programs on Private R&D: The Case of the Small Business Innovation Research Program," RAND Journal of Economics, The RAND Corporation, vol. 31(1), pages 82-100, Spring.
- Pilar Beneito & Paz Coscollá-Girona & María Engracia Rochina-Barrachina & Amparo Sanchis, 2015. "Competitive Pressure and Innovation at the Firm Level," Journal of Industrial Economics, Wiley Blackwell, vol. 63(3), pages 422-457, September.
- Hsu, Po-Hsuan & Tian, Xuan & Xu, Yan, 2014. "Financial development and innovation: Cross-country evidence," Journal of Financial Economics, Elsevier, vol. 112(1), pages 116-135.
- Steven N. Kaplan & Luigi Zingales, 1997. "Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(1), pages 169-215.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Bettina Becker, 2013. "The Determinants of R&D Investment: A Survey of the Empirical Research," Discussion Paper Series 2013_09, Department of Economics, Loughborough University, revised Sep 2013.
- Simona Mateut, 2015. "Subsidies, financial constraints and firm innovative activities in developing economies," Discussion Papers 2015/11, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Marek Giebel & Kornelius Kraft, 2024.
"R&D investments under financing constraints,"
Industry and Innovation, Taylor & Francis Journals, vol. 31(9), pages 1141-1168, October.
- Giebel, Marek & Kraft, Kornelius, 2020. "R&D investment under financing constraints," ZEW Discussion Papers 20-018, ZEW - Leibniz Centre for European Economic Research.
- Thomas H. W. Ziesemer, 2021.
"The Effects of R&D Subsidies and Publicly Performed R&D on Business R&D: A Survey,"
Hacienda Pública Española / Review of Public Economics, IEF, vol. 236(1), pages 171-205, March.
- Ziesemer, Thomas, 2019. "The effects of R&D subsidies and publicly performed R&D on business R&D: A survey," MERIT Working Papers 2019-036, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Hud, Martin & Hussinger, Katrin, 2015.
"The impact of R&D subsidies during the crisis,"
Research Policy, Elsevier, vol. 44(10), pages 1844-1855.
- Hud, Martin & Hussinger, Katrin, 2014. "The impact of R&D subsidies during the crisis," ZEW Discussion Papers 14-024, ZEW - Leibniz Centre for European Economic Research.
- Ferrando, Annalisa & Lekpek, Senad, 2018. "Access to finance and innovative activity of EU firms: A cluster analysis," EIB Working Papers 2018/02, European Investment Bank (EIB).
- Álvarez-Ayuso, Inmaculada C. & Kao, Chihwa & Romero-Jordán, Desiderio, 2018. "Long run effect of public grants and tax credits on R&D investment: A non-stationary panel data approach," Economic Modelling, Elsevier, vol. 75(C), pages 93-104.
- Colombo, Massimo G. & Croce, Annalisa & Guerini, Massimiliano, 2013. "The effect of public subsidies on firms’ investment–cash flow sensitivity: Transient or persistent?," Research Policy, Elsevier, vol. 42(9), pages 1605-1623.
- Guariglia, Alessandra & Liu, Pei, 2014. "To what extent do financing constraints affect Chinese firms' innovation activities?," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 223-240.
- Shusen Qi & Steven Ongena, 2020.
"Fuel the Engine: Bank Credit and Firm Innovation,"
Journal of Financial Services Research, Springer;Western Finance Association, vol. 57(2), pages 115-147, April.
- Shusen Qi & Steven Ongena, 2018. "Fuel the Engine: Bank Credit and Firm Innovation," Swiss Finance Institute Research Paper Series 18-61, Swiss Finance Institute.
- Michel Dumont, 2015. "Working Paper 05-15 - Evaluation of federal tax incentives for private R&D in Belgium: An update," Working Papers 1505, Federal Planning Bureau, Belgium.
- Silva Filipe & Carreira Carlos, 2017.
"Financial Constraints: Do They Matter to Allocate R&D Subsidies?,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 17(4), pages 1-26, October.
- Filipe Silva & Carlos Carreira, 2012. "Financial Constraints: Do They Matter to R&D Subsidy Attribution?," GEMF Working Papers 2012-18, GEMF, Faculty of Economics, University of Coimbra.
- Huergo, Elena & Trenado, Mayte & Ubierna, Andrés, 2016. "The impact of public support on firm propensity to engage in R&D: Spanish experience," Technological Forecasting and Social Change, Elsevier, vol. 113(PB), pages 206-219.
- Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2012.
"Do financing constraints matter for R&D?,"
European Economic Review, Elsevier, vol. 56(8), pages 1512-1529.
- Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2015. "Do Financing Constraints Matter for R&D?," Working Paper Series in Economics and Institutions of Innovation 394, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
- Andrea Bellucci & Luca Pennacchio & Alberto Zazzaro, 2019.
"R&D Subsidies and Firms’ Debt Financing,"
CSEF Working Papers
527, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Andrea Bellucci & Luca Pennacchio & Alberto Zazzaro, 2019. "R&D Subsidies and Firms' Debt Financing," Mo.Fi.R. Working Papers 153, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
- Sasidharan, Subash & Jijo Lukose, P.J. & Komera, Surenderrao, 2015. "Financing constraints and investments in R&D: Evidence from Indian manufacturing firms," The Quarterly Review of Economics and Finance, Elsevier, vol. 55(C), pages 28-39.
- Georgios Efthyvoulou & Priit Vahter, 2016.
"Financial Constraints, Innovation Performance and Sectoral Disaggregation,"
Manchester School, University of Manchester, vol. 84(2), pages 125-158, March.
- Georgios Efthyvoulou & Priit Vahter, 2012. "Financial Constraints, Innovation Performance and Sectoral Disaggregation," Working Papers 2012030, The University of Sheffield, Department of Economics.
- Francesco Aiello & Graziella Bonanno & Stefania P. S. Rossi, 2020. "How firms finance innovation. Further empirics from European SMEs," Metroeconomica, Wiley Blackwell, vol. 71(4), pages 689-714, November.
- Hall, Bronwyn H. & Lerner, Josh, 2010.
"The Financing of R&D and Innovation,"
Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 609-639,
Elsevier.
- Bronwyn H. Hall & Josh Lerner, 2009. "The Financing of R&D and Innovation," NBER Working Papers 15325, National Bureau of Economic Research, Inc.
- Hall, Bronwyn H. & Lerner, Josh, 2010. "The Financing of R&D and Innovation," MERIT Working Papers 2010-012, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Ömer Tuğsal Doruk, 2024. "The Link Between R&D and Financing Constraints in Manufacturing Sectors for Two Emerging Markets," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 12596-12621, September.
More about this item
Keywords
Innovation; Subsidies; Financial constraints; Emerging countries;All these keywords.
JEL classification:
- O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
- H2 - Public Economics - - Taxation, Subsidies, and Revenue
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
- O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:sbusec:v:50:y:2018:i:1:d:10.1007_s11187-017-9877-3. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.