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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/24675
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Binz, Hanna L. | | en_US |
| dc.contributor.author | | Czarnitzki, Dirk | | en_US |
| dc.date.accessioned | | 2009-02-16T14:58:41Z | | - |
| dc.date.available | | 2009-02-16T14:58:41Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/24675 | | - |
| dc.description.abstract | | We analyze financial constraints for R&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 R&D versus cutting-edge R&D. Financial constraints should be more binding for cutting-edge R&D than for routine R&D. Using panel data we find that R&D spending of firms devoting a significant fraction of R&D to cutting-edge projects is curtailed by credit constraints while routine R&D investments are not. This has important policy implications with respect to the distribution of R&D subsidies in the economy. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Zentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim | | en_US |
| dc.relation.ispartofseries | | ZEW Discussion Papers 08-005 | | en_US |
| dc.subject.jel | | O32 | | en_US |
| dc.subject.jel | | O31 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | R&D | | en_US |
| dc.subject.keyword | | Financial Constraints | | en_US |
| dc.subject.keyword | | Panel Data | | en_US |
| dc.subject.stw | | Forschungsfinanzierung | | en_US |
| dc.subject.stw | | Verschuldungsrestriktion | | en_US |
| dc.subject.stw | | Industrielle Forschung | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | Financial Constraints: Routine Versus Cutting Edge R&D Investment | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 557555051 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| dc.identifier.repec | | RePEc:zbw:zewdip:7016 | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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