Financial constraints and R&D investment

被引：0
|
作者：
Dominguez, Maria Angeles Marra [1 ]
机构：
[1] Univ Vigo, Vigo 36310, Spain
来源：
REVISTA DE ECONOMIA APLICADA | 2007年 / 15卷 / 45期
关键词：
financial constraint; R&D activities; SME;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper empirically analyses the effects of liquidity constraints on R&D investment using a panel of Spanish manufacturing firms for the period 1991-1999. Our results provide evidence that suggests that financial variables in small firms are more relevant for R&D investment decisions. For small firms, we compare our results for investment in R&D with investment in physical capital and we do not find strong evidence that the latter is financially constraining.
引用
收藏
页码：99 / 123
页数：25
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