The Impact of Financial Constraints on Innovation: What Can Be Learned from a Direct Measure?

By Frédérique Savignac. 2008

333 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/77b7bed2a0ffe5d817df2ae98706832766b6322d

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Citations in the corpus

On Young Highly Innovative Companies: Why They Matter and How (Not) to Policy Support Them (2008, methodology): “shown using similar data (Mohnen et al. 2008; Tivari et al., 2007; Savignac, 2008 ), it”
Financial Constraints and the Failure of Innovation Projects (2018, positive): “These correlations may arise if there are factors omitted or unobservable that simultaneously affect both aspects (Savignac, 2008).”
Innovative Capability and Financing Constraints for Innovation: More Money, More Innovation? (2012, neutral): “9 For studies using this type of indicator, see Canepa and Stoneman (2002), Savignac (2008), and Tiwari et al. (2007).”
Financial constraints and public funding of eco-innovation: empirical evidence from European SMEs (2018, background): “This may generate a spurious positive correlation between the perception of financial constraints and innovative behavior (Savignac, 2008; Mancusi and Vezzulli, 2014), which may hide the negative effect of lack of funds on eco-innovation.”
Barriers to innovation and firm productivity (2016, background): “…and interpretative turning point in the econometric treatment of research questions revolving around the effects of barriers to innovation, started by Savignac (2008) and D’Este et al. (2008, 2012) and followed by others more recently (Blanchard et al. 2012; Pellegrino and Savona 2013).”
What hampers innovation? Revealed barriers versus deterring barriers (2012, methodology): “…line of research, which focuses exclusively on financial obstacles, point out that the counter-intuitive, positive correlation between the perception of barriers and engagement in innovation, can be attributed to a combination of several sources of bias (Savignac, 2008; Mancusi and Vezzulli, 2010).”
NO DEEP POCKETS: SOME STYLIZED EMPIRICAL RESULTS ON FIRMS' FINANCIAL CONSTRAINTS (2010, neutral): “(2008) for Dutch firms in the period 2000–2002 and Savignac (2009) for French firms in the”
Do financial constraints threat the innovation process? Evidence from Portuguese firms (2011, background): “…strategies include the construction of indexes of variables that are generally agreed to be good proxies of constraints (Musso and Schiavo 2008; Hovakimien and Hovakimien 2009) or, if data is available, resort to firms’ self-evaluation of constraints (Angelini and Generale 2005; Savignac 2008).”
Where there is a will, there is a way? Assessing the impact of obstacles to innovation (2013, background): “Savignac (2008) notes the same awkward result when considering the impact of financial constraints on innovation.”
On the relationship between intellectual capital and financial performance: A panel data analysis on SME hotels (2018, background): “…considering that the lack of financial resources is a main constrain for small and medium-sized enterprises to innovate (Iammarino et al., 2009; Savignac, 2008), we include the variable leverage in our models, which is the principal external financing source for small and medium-sized…”
A supply chain sustainability innovation framework and evaluation methodology (2018, background): “…sustainable innovation as firms cannot innovative if they’re not financially sound, since most if not all, innovations start with research and development (R & D) activities which come with significant investment cost element (Hyytinen and Toivanen 2005; Canepa and Stoneman 2007; Savignac 2008).”
The demand and supply of external finance for innovative firms (2013, neutral): “traditional measures of R&D (Canepa and Stoneman, 2008; Savignac, 2008).”
Using Innovation Surveys for Econometric Analysis (2010, neutral): “However, once they are treated as endogenous, their effect can become negative as one would expect them to be (see Savignac, 2008; Tiwari et al., 2008 as examples in the case of financial constraints).”
SMEs and barriers to Eco-innovation in the EU: exploring different firm profiles (2015, background): “Despite paying great attention to barriers of a financial nature (e.g. Hall 2002; Savignac 2008; Mancusi and Vezzulli 2010; Hottenrott and Peters 2012), the literature has also analyzed non-financial obstacles, such as factors related to market structure and regulations, knowledge, and organizationa”