R&D Activity and Financing Constraints: Evidence from Turkey
Abstract
We analyze the relationship between financing constraints and firms' R&D activity using a rich and comprehensive firm-level balance sheet and income statement data set of manufacturing firms in Turkey for the period 1996 to 2013. Using a firm-specific, time-varying financing constraints index, we find that financing constraints have a negative relationship with firms' R&D activity, after controlling for other determinants of R&D such as firm size, capital intensity and export market participation.
Source
PanoeconomicusIssue
4Volume
67Pages
557-571Collections
- Araştırma Çıktıları / Scopus [1345]
- Araştırma Çıktıları / WOS [1335]
- Ekonomi / Economics [74]