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http://hdl.handle.net/2445/115889| Title: | Is money all? Financing versus knowledge and demand constraints to innovation |
| Author: | Pellegrino, Gabriele Savona, Maria |
| Keywords: | Gestió de la innovació Finances Anàlisi de dades de panel Innovation management Finance Panel analysis |
| Issue Date: | 2013 |
| Publisher: | Institut d’Economia de Barcelona |
| Series/Report no: | [WP E-IEB13/21] |
| Abstract: | The paper adds to the scattered empirical evidence on the role of obstacles to innovation in a three-fold way. First, we correct for the usual sample selection bias by filtering out firms not interested in innovation from ‘potential innovators’. Second, we assess what mostly affects firms’ propensity to realize innovative outputs. Third, we do so in a panel framework by using an unbalanced panel of UK firm for the period 2002 - 2010. We find that demand- and market-related factors are as important as financing conditions in determining firms’ innovation failures. This evidence puts much of the latest hype on finance in perspective. |
| Note: | Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions |
| It is part of: | IEB Working Paper 2013/21 |
| URI: | http://hdl.handle.net/2445/115889 |
| Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| IEB13-21_Pellegrino.pdf | 1.16 MB | Adobe PDF | View/Open |
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