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Financial constraints, innovation performance and sectoral disaggregation*
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Efthyvoulou, Georgios and Vahter, Priit (2016) Financial constraints, innovation performance and sectoral disaggregation*. The Manchester School, 84 (2). pp. 125-158. doi:10.1111/manc.12089 ISSN 1463-6786.
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Official URL: http://dx.doi.org/10.1111/manc.12089
Abstract
How do the effects of financial constraints on innovation performance vary by sector and firm characteristics? This paper uses innovation survey data from 11 European countries to examine the heterogeneity of these effects. Our results suggest that the impact of direct measures of financial barriers differs in production and service sectors, and also by the firm's export orientation. In particular, financial constraints appear to have more pronounced negative effects in the production sector than in the service sector. Among different types of firms, the response to financial constraints seems to be stronger for non-exporters.
| Item Type: | Journal Article | ||||||||
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| Divisions: | Faculty of Social Sciences > Warwick Business School > Strategy & International Business Faculty of Social Sciences > Warwick Business School |
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| Journal or Publication Title: | The Manchester School | ||||||||
| Publisher: | Wiley-Blackwell Publishing Ltd. | ||||||||
| ISSN: | 1463-6786 | ||||||||
| Official Date: | March 2016 | ||||||||
| Dates: |
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| Volume: | 84 | ||||||||
| Number: | 2 | ||||||||
| Page Range: | pp. 125-158 | ||||||||
| DOI: | 10.1111/manc.12089 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Access rights to Published version: | Restricted or Subscription Access |
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