Analysing the roles of CEO's financial literacy and financial constraints on Spanish SMEs technological innovation

被引：48
|
作者：
Garcia-Perez-de-Lema, Domingo [1 ]
Ruiz-Palomo, Daniel [2 ]
Dieguez-Soto, Julio [2 ]
机构：
[1] Tech Univ Cartagena, Fac Business Studies, Dept Accounting & Finance, Calle Real 3, Cartagena 30201, Spain
[2] Univ Malaga, Fac Econ & Business Adm, Dept Accounting & Finance, Campus El Ejido, Malaga 29071, Spain
来源：
TECHNOLOGY IN SOCIETY | 2021年 / 64卷
关键词：
Financial literacy; Financial constraints; Technological innovation; SMEs; PRODUCT INNOVATION; EMPIRICAL-EVIDENCE; SMALL FIRMS; DETERMINANTS; PERFORMANCE; INVESTMENT; RESOURCE; ACCESS; IMPACT; RECOMMENDATIONS;
D O I：
10.1016/j.techsoc.2020.101519
中图分类号：
D58 [社会生活与社会问题]; C913 [社会生活与社会问题];
学科分类号：
摘要：
Drawing on human capital and upper echelons theories, this study analyses how CEO?s financial literacy in-fluences a firm?s technological innovation and investigates the mediating role of alleviating financial constraints of Small and Medium-sized Enterprises (SMEs) in the former relationship. We develop and test hypotheses applying a Structural Equation Model to a sample of 310 Spanish SMEs. The results show that CEO?s financial literacy exerts both a direct and an indirect impact, through alleviating financial constraints, on a firm?s tech-nological innovation.
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页数：12
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