The Financing of R&D and Innovation

By Bronwyn H. Hall, Josh Lerner. 2009

1,904 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/aed4b25ce1646988b650e5e563e0df89672fe27e

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Citations in the corpus

The role of venture capital in the emerging entrepreneurial finance ecosystem: future threats and opportunities (2019, positive): “It is also thought that they do not have the required professional expertise to evaluate disruptive technologies or complex ventures operating in many different industries (Mason and Harrison 2004, 2008).”
Exporting and innovating among emerging market firms: The moderating role of institutional development (2017, positive): “For example, financial support from the government, typically through subsidy programs and tax preferences, provides basic resources for innovation and at the same time reduces the potential costs of failure (Hall & Lerner, 2010).”
Financial markets, innovations and cleaner energy production in OECD countries (2018, positive): “24 run result contrasts with the argument of Pástor and Veronesi (2009) and Hall and Lerner (2010) who claim that credit markets and banks would prefer certain projects over the innovative projects, and hence, financial markets may not necessarily lead to the promotion of cleaner energy.”
Law, Stock Markets, and Innovation (2013, positive): “Supporting the idea that debt is poorly suited for funding R&D, a large empirical literature finds a strong negative association between R&D and leverage across firms (see the Hall and Lerner (2010) survey).”
Corporate Social Responsibility and Access to Finance (2012, positive): “Importantly, some studies show that financially constrained firms are more likely to diminish investments in a wide range of strategic activities (Hubbard, 1998; Campello, Graham, and Harvey, 2010), including investments in inventory (Carpenter, Fazzari, and Petersen, 1998) and R&D activities (Himme”
The Decision to Import Capital Goods in India : Firms’ Financial Factors Matter (2012, neutral): “This result is in line with previous findings in the literature (see (Hall and Lerner, 2009) for a survey on this topic).”
Knowledge-Based Capital, Innovation and Resource Allocation (2013, neutral): “Given the inherent difficulties in collateralising KBC assets, financial markets have been hesitant to provide debt financing to KBC-intensive firms (Jarboe, 2008) and thus KBC has traditionally been financed out of retained earnings (Hall and Lerner, 2009).”
Financial Constraints and the Failure of Innovation Projects (2018, positive): “In consequence, innovative firms find more obstacles to financing their innovation activities in freely competitive financial markets (Hall and Lerner, 2010) and under-invest in R&D activities (Hall, 2002).”
Public financing of innovation: new questions (2017, positive): “…is required to understand the role of the public sector in the market 1 Excellent reviews of the impact of positive externalities and incomplete information on innovation financing is provided in Hall (2002), Hall and Lerner (2009) and more recent evidence is reviewed in Kerr and Nanda (2014).”
Financial Constraints and Small and Medium Enterprises: A Review* (2020, positive): “…is echoed through the literature on R&D investment where small young firms are shown to face much more difficulty in attracting investment for R&D and innovation, whereas larger firms are mostly unaffected (see Westhead and Storey, 1997; Freel, 2007; and Hall and Lerner, 2010; for instance).”
Financial development and innovation: Cross-country evidence (2014, positive): “Also, the knowledge assets that R&D investment creates are usually intangible and partly embedded in human capital (Hall and Lerner, 2010).”