• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Cambridge journal of economics >Patents, firm size and financial constraints: an empirical analysis for a panel of Italian manufacturing firms
【24h】

Patents, firm size and financial constraints: an empirical analysis for a panel of Italian manufacturing firms

机译：专利，企业规模和财务约束：对意大利制造企业小组的实证分析

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

The paper empirically investigates the issue of financial constraints to investment, focusing on its relationship with innovation activities. The study is based on the analysis of a cross-industries panel of 804 Italian companies, observed through the years 1995-2000. The main objective of the study is to highlight whether there are financial determinants underlying the strong bias of patenting activity towards larger companies in the Italian economy. By applying a dynamic panel analysis, we found that only the firms showing lower financial constraints are able to keep a sustained patenting profile through time. Our evidence suggests the existence of an imperfect capital market in the Italian economy, particularly in the case of medium-sized companies, which tend to delay inefficiently the start of in-house R&D activities.
机译：本文从实证角度研究了投资的财务约束问题，重点是投资与创新活动之间的关系。该研究基于对1995年至2000年间观察到的804家意大利公司的跨行业小组的分析。该研究的主要目的是强调在意大利经济中针对大型企业的专利活动的强烈偏见是否存在财务决定因素。通过应用动态面板分析，我们发现只有财务约束程度较低的公司才能在一段时间内保持持续的专利权。我们的证据表明，意大利经济中存在不完善的资本市场，特别是在中型公司的情况下，这往往会无效率地延迟内部研发活动的启动。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号