Nature of financial constraints and R&D intensity

Pradip Banerjee

Finance Research Letters, 2022, vol. 50, issue C

Abstract: •Firms tend to increase R&D intensity despite facing equity-focused constraints.•Firms facing debt-focused constraints reduce R&D intensity.•Unidimensional accounting-based measures of financial constraints fail to capture the true constraints.•The nature of a firm's financial constraints may influence its strategic investment decisions.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612322003907
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:50:y:2022:i:c:s1544612322003907

DOI: 10.1016/j.frl.2022.103184

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().