Impacts of credit constraints on innovation propensity and innovation performance: evidence from China and India

Dengjun Zhang

Asia-Pacific Journal of Accounting & Economics, 2023, vol. 30, issue 2, 304-326

Abstract: In the literature, researchers generally focus on the impact of credit constraints on innovation activities as a whole. In this study, we investigated how a firm’s financial status affects its adoption of product, process, or organizational innovations and the contribution of the individual innovation activities to innovation performance. Our empirical results indicate that financial constraints restrain Chinese firms’ engagement in all types of innovation, reduce Indian firms’ motivation to engage in product innovation, and force Indian firms to undertake organizational innovation. Consistency between the impacts of financial status on innovation propensity and innovation performance is further discussed.

Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/16081625.2021.1872033 (text/html)
Access to full text is restricted to subscribers.

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:taf:raaexx:v:30:y:2023:i:2:p:304-326

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/raae20

DOI: 10.1080/16081625.2021.1872033

Access Statistics for this article

Asia-Pacific Journal of Accounting & Economics is currently edited by Yin-Wong Cheung, Hong Hwang, Jeong-Bon Kim, Shu-Hsing Li and Suresh Radhakrishnan

More articles in Asia-Pacific Journal of Accounting & Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().