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R&D Investment and Financing Constraints of Small and Medium-Sized Firms

Hottenrott, Hanna - 2013

This study tests for financial constraints on Ramp;D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for Ramp;D...

Persistent link: https://www.econbiz.de/10012711028

Research and development in small and medium-sized enterprises : the role of financial constraints and public funding

Czarnitzki, Dirk - In: Scottish journal of political economy : the journal of … 53 (2006) 3, pp. 335-357

Persistent link: https://www.econbiz.de/10003335235

Research and development : financial constraints and the role of public funding for small and medium-sized enterprises

Czarnitzki, Dirk - 2002

Persistent link: https://www.econbiz.de/10013428514

Industrial research versus development investment : the implications of financial constraints

Czarnitzki, Dirk; Hottenrott, Hanna; Thorwarth, Susanne - 2009

Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments. Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....

Persistent link: https://www.econbiz.de/10003881344

Collaborative R&D as a strategy to attenuate financing constraints

Czarnitzki, Dirk; Hottenrott, Hanna - 2012

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. -- Collaborative Research ; Industry-Science Links ; Research and …

Persistent link: https://www.econbiz.de/10009572470

Financial Constraints : Routine Versus Cutting Edge R&D Investment

Hottenrott, Hanna - 2008

We analyze financial constraints for Ramp;D, where we account for heterogeneity among investments which has been neglected in previous literature. According to economic theory, investments should be distinguished by their degree of uncertainty, e.g. routine Ramp;D versus cutting-edge Ramp;D....

Persistent link: https://www.econbiz.de/10012725826

Industrial Research versus Development Investment : The Implications of Financial Constraints

Czarnitzki, Dirk - 2013

Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments.Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....

Persistent link: https://www.econbiz.de/10013095201

Industrial Research Versus Development Investment : The Implications of Financial Constraints

Czarnitzki, Dirk - 2013

Persistent link: https://www.econbiz.de/10013095547