Resource title

Is R&D financially restrained? : theory and evidence from Irish manufacturing

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Resource description

We re-examine the effects of liquidity constraints on R&D investment. In our theoretical section we extend the neoclassical framework of investment in physical capital by introducing R&D and liquidity constraints. We analyse this issue empirically using firm-level data for R&D active manufacturing firms in the Republic of Ireland. Our results provide evidence that R&D investment is financially constrained which is in line with previous studies of US firms.

Resource author

Spiros P. Bougheas, Holger Görg, Eric Strobl

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Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/2707

Resource license

Adapt according to the presented license agreement and reference the original author.