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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/2707| Title: | Is R&D financially restrained? : theory and evidence from Irish manufacturing |
| Keywords: | ddc:330 Betriebliche Forschung Investition Industrielle Forschung Verschuldungsrestriktion Verarbeitendes Gewerbe Irland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Leverhulme Centre for Research on Globalisation and Economic Policy, University of Nottingham Nottingham |
| 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/2707 |
| Other Identifiers: | http://hdl.handle.net/10419/2707 ppn:343805367 |
| Appears in Collections: | EconStor |
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