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.

引用

页数：12

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