Please use this identifier to cite or link to this item:
https://hdl.handle.net/10316/104772
Title: | Do financial constraints threat the innovation process? Evidence from Portuguese firms | Authors: | Silva, Filipe Carreira, Carlos |
Keywords: | innovation; R&D investment; financial constraints; subsidies; Portugal | Issue Date: | 2012 | Publisher: | Taylor & Francis | Volume: | 21 | Issue: | 8 | Abstract: | This paper broadly addresses the financing problems of the innovation process, by analysing the extent to which financial constraints hinder firms’ investment in R&D and innovation, as well as investigating the role of public financial support in alleviating such constraints. In order to overcome the problems associated with measuring financial constraints, we make use of both indirect and direct measures of constraints. Our findings suggest that while financial constraints have a perverse effect upon R&D investment and innovation, there is no evidence that subsidies mitigate such constraints. Accordingly, we raise a number of questions regarding the efficiency and effectiveness of subsidies in alleviating firms’ financial constraints. | URI: | https://hdl.handle.net/10316/104772 | ISSN: | 1043-8599 1476-8364 |
DOI: | 10.1080/10438599.2011.639979 | Rights: | openAccess |
Appears in Collections: | FEUC- Artigos em Revistas Internacionais |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
manuscript.pdf | 849.18 kB | Adobe PDF | View/Open |
SCOPUSTM
Citations
67
checked on Sep 30, 2024
WEB OF SCIENCETM
Citations
65
checked on Oct 2, 2024
Page view(s)
73
checked on Oct 8, 2024
Download(s)
184
checked on Oct 8, 2024
Google ScholarTM
Check
Altmetric
Altmetric
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.