内生性
政府(语言学)
业务
估计
经验证据
测量数据收集
财务
经济
货币经济学
计量经济学
数学
语言学
统计
认识论
哲学
管理
作者
Radeef Chundakkadan,Subash Sasidharan
标识
DOI:10.1080/2157930x.2019.1594680
摘要
The aim of this paper is two-fold. First, we empirically investigate the role of financial constraints on innovation activities. Second, we examine the significance of non-financial support provided by government on firm innovation. We employ firm-level survey data over the period 2006–2017 for 100 countries. Based on the direct indicators of financial constraints, different estimation methods and addressing the endogeneity concerns, we document that financial constraints have a significant negative impact on firms’ innovation activities. Further, we find a positive correlation between government support and the innovative activities of small-medium enterprises; and the impact is more pronounced in the case of financially unconstrained firms.
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