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

页码：125 / 158

页数：34

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