Is R&D financially constrained?: Theory and evidence from Irish manufacturing

被引：58

作者：

Bougheas, S

Görg, H ^{[1
]}

Strobl, E

机构：

[1] Univ Nottingham, Sch Econ, Nottingham NG7 2RD, England

[2] Catholic Univ Louvain, CORE, B-1348 Louvain, Belgium

来源：

REVIEW OF INDUSTRIAL ORGANIZATION | 2003年 / 22卷 / 02期

关键词：

financial constraints; R&D;

D O I：

10.1023/A:1022905102446

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We re-examine the effects of liquidity constraints on R&D investment. In our theoretical section we extend the neoclassical framework of investment in physical capital by introducing R&D and liquidity constraints. We analyse this issue empirically using firm-level data for R&D active manufacturing firms in the Republic of Ireland. Our results provide evidence that suggests that R&D investment is financially constrained. This is in line with previous studies of U.S. firms.

引用

页码：159 / 174

页数：16

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