Para acceder a los documentos con el texto completo, por favor, siga el siguiente enlace: http://hdl.handle.net/2445/115875
| dc.contributor.author | Segarra Blasco, Agustí, 1958- |
|---|---|
| dc.contributor.author | Garcia-Quevedo, Jose |
| dc.contributor.author | Teruel, Mercedes |
| dc.date | 2017-09-27T09:12:40Z |
| dc.date | 2017-09-27T09:12:40Z |
| dc.date | 2013 |
| dc.identifier | http://hdl.handle.net/2445/115875 |
| dc.identifier.uri | http://hdl.handle.net/2445/115875 |
| dc.description | Theoretical and empirical approaches have stressed the existence of financial constraints in innovative activities of firms. This paper analyses the role of financial obstacles on the likelihood of abandoning an innovation project. Although a large number of innovation projects are abandoned before their completion, the empirical evidence has focused on the determinants of innovation while failed projects have received little attention. Our analysis differentiates between internal and external barriers on the probability of abandoning a project and we examine whether the effects are different depending on the stage of the innovation process. In the empirical analysis carried out for a panel data of potential innovative Spanish firms for the period 2004-2010, we use a bivariate probit model to take into account the simultaneity of financial constraints and the decision to abandon an innovation project. Our results show that financial constraints most affect the probability of abandoning an innovation project during the concept stage and that low-technological manufacturing and non-KIS service sectors are more sensitive to financial constraints. |
| dc.format | 28 p. |
| dc.format | application/pdf |
| dc.language | eng |
| dc.publisher | Institut d’Economia de Barcelona |
| dc.relation | Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions |
| dc.relation | IEB Working Paper 2013/11 |
| dc.relation | [WP E-IEB13/11] |
| dc.rights | cc-by-nc-nd, (c) Segarra Blasco et al., 2013 |
| dc.rights | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
| dc.rights | info:eu-repo/semantics/openAccess |
| dc.subject | Gestió de la innovació |
| dc.subject | Finances |
| dc.subject | Innovation management |
| dc.subject | Finance |
| dc.title | Financial constraints and the failure of innovation projects [WP] |
| dc.type | info:eu-repo/semantics/workingPaper |
Documentos relacionados
Otros documentos del mismo autor/a
Garcia-Quevedo, Jose; Segarra Blasco, Agustí, 1958-; Teruel, Mercedes
Segarra Blasco, Agustí, 1958-; Garcia-Quevedo, Jose; Teruel, Mercedes
Coad, Alex; Segarra Blasco, Agustí, 1958-; Teruel, Mercedes
Teruel, Mercedes; Parra, Maria Dolores; Segarra Blasco, Agustí, 1958-
Arauzo Carod, Josep Maria; Segarra Blasco, Agustí, 1958-; Teruel, Mercedes