Hottenrott, Hanna; Peters, Bettina - In: The Review of Economics and Statistics 94 (2012) 4, pp. 1126-1142
This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … they selected additional innovation projects, they must have had some unexploited investment opportunities that were not … profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing, but also to …
