{"id":647,"date":"2020-10-30T16:30:26","date_gmt":"2020-10-30T16:30:26","guid":{"rendered":"http:\/\/www.henrylahr.com\/?p=647"},"modified":"2024-05-21T08:15:31","modified_gmt":"2024-05-21T08:15:31","slug":"endogenous-financial-constraints-and-innovation","status":"publish","type":"post","link":"https:\/\/www.henrylahr.com\/?p=647","title":{"rendered":"Endogenous financial constraints and innovation"},"content":{"rendered":"\n<p>with Andrea Mina<\/p>\n\n\n\n<p>Industrial and Corporate Change, 2020, <a href=\"https:\/\/academic.oup.com\/icc\/advance-article\/doi\/10.1093\/icc\/dtaa035\/5936056?guestAccessKey=33e95f8a-6718-4457-8fa8-776b2b197498\">full version available from the journal<\/a>.<\/p>\n\n\n\n<p><strong>Abstract:<\/strong> We investigate which indicators of a firm\u2019s innovation activities are associated with financial constraints and analyze the nature and direction of causal links between innovation and financial constraints. By estimating simultaneous bivariate probit models on data from the UK Innovation Surveys, we show that among innovation inputs, research and development (R&amp;D) activity increases the likelihood that firms face financial constraints. Among innovation outputs, only new-to-market products generate financial constraints. Reverse effects on innovation appear limited to external R&amp;D.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>with Andrea Mina Industrial and Corporate Change, 2020, full version available from the journal. Abstract: We investigate which indicators of a firm\u2019s innovation activities are associated with financial constraints and analyze the nature and direction of causal links between innovation and financial constraints. By estimating simultaneous bivariate probit models on data from the UK Innovation &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.henrylahr.com\/?p=647\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-647","post","type-post","status-publish","format-standard","hentry","category-papers","nodate","item-wrap"],"_links":{"self":[{"href":"https:\/\/www.henrylahr.com\/index.php?rest_route=\/wp\/v2\/posts\/647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.henrylahr.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.henrylahr.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.henrylahr.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.henrylahr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=647"}],"version-history":[{"count":4,"href":"https:\/\/www.henrylahr.com\/index.php?rest_route=\/wp\/v2\/posts\/647\/revisions"}],"predecessor-version":[{"id":653,"href":"https:\/\/www.henrylahr.com\/index.php?rest_route=\/wp\/v2\/posts\/647\/revisions\/653"}],"wp:attachment":[{"href":"https:\/\/www.henrylahr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.henrylahr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.henrylahr.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}