Liu, Wei; Suzuki, Yoshihisa - In: Financial innovation : FIN 10 (2024), pp. 1-43
and medium-sized enterprises (SMEs) in China using both innovation input and output. We collected samples of 785 SMEs from … results. Increased liquidity enhances SMEs' innovation mainly by alleviating fnancial constraints, whereas the mediating efect … manufacturing SMEs benefting the most. Our study shows that the innovation abilities of SMEs can be enhanced by improving stock …