Financial constraints and R&D and exporting strategies for Spanish manufacturing firms

  1. Juan Antonio Máñez Castillejo
  2. María Engracia Rochina Barrachina
  3. Juan Alberto Sanchis Llopis
  4. Óscar Vicente
Revista:
Industrial and Corporate Change

ISSN: 1464-3650

Año de publicación: 2014

Volumen: 23

Número: 6

Páginas: 1563-1594

Tipo: Artículo

DOI: 10.1093/ICC/DTU034 DIALNET GOOGLE SCHOLAR

Otras publicaciones en: Industrial and Corporate Change

Resumen

We investigate the role of internal and external financial constraints in the firms� joint decision to export and invest in R&D. We use objective measures at the firm level such as cash flow and financial costs. We further analyze both if firms� size and the onset of the current economic crisis have had an impact. We estimate our model with Spanish manufacturing firms for the period 1990�2011, and obtain that both internal and external financial constraints are relevant.

Fuente de los datos: Dialnet