This paper examines how firm age can affect a firm’s perception of the obstacles (deterring vs. revealed) that hamper and delay innovation. Using a comprehensive panel of Spanish firms for the period 2004-2011, the empirical analysis conducted shows that distinct types of obstacle are...

This paper examines how firm age can affect a firm’s perception of the obstacles (deterring vs. revealed) that hamper and delay innovation. Using a comprehensive panel of Spanish firms for the period 2004-2011, the empirical analysis conducted shows that distinct types of obstacle are...

Purpose Using hedging theories, we analyse the variables that determine the decision to hedge with foreign currency debt. Design/methodology/approach Using a sample of 100 Spanish companies with a significant social and economic role in Latin American during 2004‐2007, we estimated probit...