Do Financing Constraints Matter for R&D?

By James R. Brown, Gustav Martinsson, Bruce C. Petersen. 2012

843 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/2470dddc48b26fc712279889049a1c45c30dedaf

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

In Finance

Citations in the corpus

Financing constraints and investments in R&D: Evidence from Indian manufacturing firms (2015, positive): “This stems from the basic nature of R&D investment that it has “high adjustment costs” (Brown et al, 2012).”
Subsidies, financial constraints and firm innovative activities in emerging economies (2017, background): “2001), cost and availability of external funding (Hall 2002; Brown et al. 2012) and overall country financial development (Hsu et al.”
Caught in the Middle? The Economics of Middle-Income Traps (2017, neutral): “14See Ayyagari et al. (2011), Brown et al. (2012), and Hottenrott and Peters (2012).”
R&D and economic growth in a cash-in-advance economy (2014, positive): “More recently, Brown et al. (2012) provide empirical evidence that rms tend to smooth R&D expenditures by maintaining a bu¤er stock of liquidity in the form of cash reserves.”
Drivers and barriers of eco-innovation types for sustainable transitions: A quantitative perspective (2018, background): “The previous literature notes that both are relevant antecedents for systemic EIs (Andersson & Lööf, 2011; Brown et al., 2012).”
Institutional determinants of R&D investment: Evidence from emerging markets (2019, background): “Brown et al. (2009), Brown et al. (2012), and Sasaki (2016) have found evidence on the positive relationship between lagged value of cash flow and R&D investment.”
Financial development and innovation: Cross-country evidence (2014, background): “Second, innovative firms often have unstable and limited amounts of internally generated cash flows to service debt (Brown, Martinsson, and Petersen, 2012).”