The paper studies financing constraints for R&D over the latest boom and bust episode in Central and Eastern Europe … that many of CEE countries experienced a credit crunch during the last recession, it is proposed that financing constraints …-sources from ten CEE countries. The results suggest that the role of financing constraints for R&D expenditures in CEE countries is …

The paper focuses on Emerging Europe and sheds light on the effects of different types of financing constraints on firm … economically and financially lagging Western Balkan countries, on the other, and demonstrates that financing constraints … significantly obstruct firm growth, with interesting differences across growth indicators, type of financing constraints and …

investments, yet existing evidence on whether financing constraints limit R&D is decidedly mixed, particularly in studies of non … equity finance. Our study provides a framework for evaluating financing constraints when firms rely extensively on external … for this smoothing behavior is critical for uncovering the full effect of financing constraints. Our findings also …

The paper studies financing constraints for R&D over the latest boom and bust episode in Central and Eastern Europe … that many of CEE countries experienced a credit crunch during the last recession, it is proposed that financing constraints …-sources from ten CEE countries. The results suggest that the role of financing constraints for R&D expenditures in CEE countries is …