Are R&D-Active SMEs in the Emerging Markets Financially Constrained? Self-Evaluation Approach
Katarzyna Prędkiewicz , Paweł Prędkiewicz
AbstractThe paper aims to examine whether R&D-active companies are financially constrained based on a self-assessment approach. A second aim is to check whether a company’s size has any impact on access to capital for R&D-active firms. The study is based on data collected from more than 400 enterprises operating in Poland. The analysis has confirmed that there is a significant difference between R&D-active companies and their peers with no R&D activity; however, the “size effect” was not strongly proven. It seems that both SMEs and large companies are financially constrained, thereby justifying the direct tools (e.g. grants) used for alleviating the problem of access to capital regardless of the company’s size
|Publication size in sheets||0.5|
Procházka David (eds.): The Impact of Globalization on International Finance and Accounting. 18th Annual Conference on Finance and Accounting (ACFA), Springer Proceedings in Business and Economics, 2018, Springer International Publishing, ISBN 978-3-319-68761-2, [978-3-319-68762-9], 484 p., DOI:10.1007/978-3-319-68762-9
Prochazka_The_Impact_of_Globalization.pdf / No licence information (file archived - login or check accessibility on faculty)
|Keywords in English||Innovation, Financial constraints, R&D|
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