Financial Constraints, Innovation Performance and Sectoral Disaggregation*

被引：21
|
作者：
Efthyvoulou, Georgios [1 ]
Vahter, Priit [2 ]
机构：
[1] Univ Sheffield, Sheffield S10 2TN, S Yorkshire, England
[2] Univ Tartu, Tartu, Estonia
来源：
MANCHESTER SCHOOL | 2016年 / 84卷 / 02期
关键词：
RESEARCH-AND-DEVELOPMENT; CASH FLOW; INTERNAL FINANCE; FIRM; INVESTMENT; IMPACT; PANEL; INFORMATION; SERVICES; MARKETS;
D O I：
10.1111/manc.12089
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
How do the effects of financial constraints on innovation performance vary by sector and firm characteristics? This paper uses innovation survey data from 11 European 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 pronounced negative effects in the production sector than in the service sector. Among different types of firms, the response to financial constraints seems to be stronger for non-exporters.
引用
收藏
页码：125 / 158
页数：34
相关论文
共 50 条
  • [21] Financial constraints in innovation projects: When is less more?
    Hoegl, Martin
    Gibbert, Michael
    Mazursky, David
    [J]. RESEARCH POLICY, 2008, 37 (08) : 1382 - 1391
  • [22] FINANCIAL CONSTRAINTS TO THE WIDER USE OF FARM EQUIPMENT INNOVATION
    THOTHE, BK
    [J]. INITIATIVES FOR FARM EQUIPMENT PROGRAMMES IN BOTSWANA : IMPROVING CO-ORDINATION, 1986, : 59 - 65
  • [23] Fintech, financial constraints and innovation: Evidence from China
    Ding, Na
    Gu, Leilei
    Peng, Yuchao
    [J]. JOURNAL OF CORPORATE FINANCE, 2022, 73
  • [24] Human capital, financial constraints, and innovation investment persistence
    Peng, Hongxing
    Tan, Hongping
    Zhang, Yin
    [J]. ASIAN JOURNAL OF TECHNOLOGY INNOVATION, 2020, 28 (03) : 453 - 475
  • [25] Selective search, sectoral patterns, and the impact on product innovation performance
    Koehler, Christian
    Sofka, Wolfgang
    Grimpe, Christoph
    [J]. RESEARCH POLICY, 2012, 41 (08) : 1344 - 1356
  • [26] Trade and sectoral performance in Africa: does technological innovation matter?
    Olanipekun, Dayo Benedict
    [J]. INNOVATION AND DEVELOPMENT, 2023,
  • [27] Absorptive capacity, innovation, and financial performance
    Kostopoulos, Konstantinos
    Papalexandris, Alexandros
    Papachroni, Margarita
    Ioannou, George
    [J]. JOURNAL OF BUSINESS RESEARCH, 2011, 64 (12) : 1335 - 1343
  • [28] Financial information, spillovers, and innovation performance
    Kim, Jae B.
    Kim, Jonghwan
    Koo, KwangJoo
    [J]. JOURNAL OF ACCOUNTING AND PUBLIC POLICY, 2024, 45
  • [29] Enhancing financial performance by pharmacy innovation
    Wilson, Grant Alexander
    Slobodzian, Adam D.
    [J]. CANADIAN JOURNAL OF ADMINISTRATIVE SCIENCES-REVUE CANADIENNE DES SCIENCES DE L ADMINISTRATION, 2020, 37 (04): : 459 - 467
  • [30] EFFECT OF ESG PERFORMANCE ON CORPORATE GREEN TECHNOLOGY INNOVATION: THE MEDIATING ROLE OF FINANCIAL CONSTRAINTS AND DIGITAL TRANSFORMATION
    Wang, Hong
    Zhang, Ying
    Dagestani, Abd Alwahed
    Qing, Lingli
    [J]. SINGAPORE ECONOMIC REVIEW, 2024,
12345