The finance of innovation in Latin America

Viviana Fernandez

International Review of Financial Analysis, 2017, vol. 53, issue C, 37-47

Abstract: This study contributes to the extant literature on innovation by examining how private companies fund innovation activities and R&D in Latin America. Specifically, this study seeks to identify whether innovative companies exhibit financing patterns different from those of non-innovative ones. In addition, this study aims at gauging the association between innovation and firm features, such as age, bank financing, female participation in ownership, financial constraints, and foreign ownership, among others.

Keywords: Innovation; Funding sources; R&D expenditures; Human capital; Logit model (search for similar items in EconPapers)
JEL-codes: G21 G24 O31 O32 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S105752191730100X
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:finana:v:53:y:2017:i:c:p:37-47

DOI: 10.1016/j.irfa.2017.08.008

Access Statistics for this article

International Review of Financial Analysis is currently edited by B.M. Lucey

More articles in International Review of Financial Analysis from Elsevier
Bibliographic data for series maintained by Catherine Liu ().