Is R&D financially restrained? Theory and evidence from Irish manufacturing

We re-examine the effects of liquidity constraints on R&D investment. In our theoretical section we extend the neoclassical framework of investment in physical capital by introducing R&D and liquidity constraints. We analyse this issue empirically using firm-level data for R&D active manufacturing firms in the Republic of Ireland. Our results provide evidence that R&D investment is financially constrained which is in line with previous studies of US firms.

MoreLess

Year of publication:	2001
Authors:	Bougheas, Spiros P. ; Görg, Holger ; Strobl, Eric
Publisher:	Nottingham : Leverhulme Centre for Research on Globalisation and Economic Policy, University of Nottingham
Subject:	Betriebliche Forschung \| Investition \| Industrielle Forschung \| Verschuldungsrestriktion \| Verarbeitendes Gewerbe \| Irland

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Series:	Research Paper ; 2001,16
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	343805367 [GVK] hdl:10419/2707 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010334198