R&d Activity and Financing Constraints: Evidence From Turkey
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Date
2020
Journal Title
Journal ISSN
Volume Title
Publisher
Savez Ekonomista Vojvodine
Open Access Color
Green Open Access
Yes
OpenAIRE Downloads
OpenAIRE Views
Publicly Funded
No
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Impulse
Average
Influence
Average
Popularity
Average
Abstract
We analyze the relationship between financing constraints and firms' R&D activity using a rich and comprehensive firm-level balance sheet and income statement data set of manufacturing firms in Turkey for the period 1996 to 2013. Using a firm-specific, time-varying financing constraints index, we find that financing constraints have a negative relationship with firms' R&D activity, after controlling for other determinants of R&D such as firm size, capital intensity and export market participation.
Description
Keywords
R&D investment, Financing constraint, Credit constraint, Internal funds, Cash flow, Turkey, Internal funds, cash flow, Financing constraint, Turkey, financing constraint, HB1-3840, r&d investment, Cash flow, turkey, Economic theory. Demography, credit constraint, internal funds, R&D investment, Credit constraint
Fields of Science
05 social sciences, 02 engineering and technology, 0502 economics and business, 0202 electrical engineering, electronic engineering, information engineering
Citation
WoS Q
Q3
Scopus Q
Q2
OpenCitations Citation Count
6
Source
Panoeconomicus
Volume
67
Issue
4
Start Page
557
End Page
571
PlumX Metrics
Citations
CrossRef : 2
Scopus : 5
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Mendeley Readers : 23
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