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specific policy design aiming at incentivizing (international) collaboration and R&D in small and mediumsized firms achieves … collaborate internationally as well as for SMEs. …
Persistent link: https://www.econbiz.de/10010957685
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010957591
also be a strategy to cope with financing constraints for R&D. Studying panel data we show that collaboration with science … alleviates liquidity constraints for research. Horizontal collaboration reduces liquidity constraints for both research as well … as R and D. Vertical collaboration has no such effects. …
Persistent link: https://www.econbiz.de/10010957620