Financing constraints and the timing of innovations in the German services sector

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dc.contributor.author Kukuk, Martin de_DE
dc.contributor.author Stadler, Manfred de_DE
dc.date.accessioned 2005-12-19 de_DE
dc.date.accessioned 2014-03-18T10:02:24Z
dc.date.available 2005-12-19 de_DE
dc.date.available 2014-03-18T10:02:24Z
dc.date.issued 1999 de_DE
dc.identifier.other 251852806 de_DE
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-opus-21314 de_DE
dc.identifier.uri http://hdl.handle.net/10900/47452
dc.description.abstract Using newly available data at the firm level, this study provides convincing evidence of the importance of financial constraints in explaining the timing of innovations in the German services sector. Based on a dynamic model of firms' optimal R&D behavior under financial constraints, we estimate various versions of an econometric specification of the model with dichotomous innovation data by using a univariate ordered probit model. Our results are consistent with the theoretical view that, because of capital markets imperfections, internal finance should be an important determinant of innovative activities by private firms in the manufacturing sector as well as in the services sector. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Innovation de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Innovation , Financial Constraints , Ordinal Regressors , Indirect Inference Estimation en
dc.title Financing constraints and the timing of innovations in the German services sector en
dc.type ResearchPaper de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
dcterms.DCMIType Text de_DE
utue.publikation.typ workingPaper de_DE
utue.opus.id 2131 de_DE
utue.opus.portal wiwidisk de_DE
utue.opus.portalzaehlung 159.00000 de_DE
utue.publikation.source Tübinger Diskussionsbeiträge der Wirtschaftswissenschaftlichen Fakultät ; 159 de_DE
utue.publikation.reihenname Tübinger Diskussionsbeitrag de_DE
utue.publikation.zsausgabe 159
utue.publikation.erstkatid 2136475-8

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