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Innovative Capability and Financing Constraints for Innovation More Money, More Innovation?

Hottenrott, Hanna; Peters, Bettina - 2012

affect investments in innovation projects as such projects are typically characterized by a high degree of uncertainty …, complexity and specificity. Financing innovation externally is thus likely to be more costly compared to financing of other … investment. Hence, internal sources of financing are crucial for the implementation of innovation projects. However, internal …

Persistent link: https://www.econbiz.de/10014198373

Industrial Research Versus Development Investment : The Implications of Financial Constraints

Czarnitzki, Dirk - 2013

Persistent link: https://www.econbiz.de/10013095547

R&D Investment and Financing Constraints of Small and Medium-Sized Firms

Hottenrott, Hanna - 2013

This study tests for financial constraints on Ramp;D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for Ramp;D...

Persistent link: https://www.econbiz.de/10012711028

Financial Constraints : Routine Versus Cutting Edge R&D Investment

Hottenrott, Hanna - 2008

We analyze financial constraints for Ramp;D, where we account for heterogeneity among investments which has been neglected in previous literature. According to economic theory, investments should be distinguished by their degree of uncertainty, e.g. routine Ramp;D versus cutting-edge Ramp;D....

Persistent link: https://www.econbiz.de/10012725826

Patents as Quality Signals? The Implications for Financing Constraints on R&D

Czarnitzki, Dirk - 2014

Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...

Persistent link: https://www.econbiz.de/10013055307