How do the effects of financial constraints on innovation performance vary by sector and firm characteristics? This …, there has been a lack of cross-country micro-level studies exploring the effects of financial constraints on innovation … service sectors, and also by the firm's export orientation. In particular, financial constraints appear to have more …

financing frictions. Our main findings can be summarized as follows. First, when firms face endogenous financial constraints …. In the absence of financial constraints, however, firms, almost uniformly across firm characteristics, become less …, young, and low leveraged firms are more likely to be innovators. Fourth, financial constraints adversely affect a firm’s R …

Recessions and financial crisis increase financial constraints and disproportionally affect constrained firms. This … paper investigates the differences in firms’ financial constraints between sectors using a cash to cash-flow rationale …

. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial … constraints arising from asymmetric information because they serve as a quality signal and reduce the uncertainty related to …