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Applied Economics Letters Volume 23, 2016 - Issue 3
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Original Articles

Foreign capital, credit constraints and continuity of firms’ R&D

P. BeneitoFacultad de Economia, Departamento de Análisis Económico, Universidad de Valencia and ERI-CES, Avda-Tarongers, Valencia, SpainCorrespondence[email protected]
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,
M. E. Rochina-BarrachinaFacultad de Economia, Departamento de Estructura Económica, Universidad de Valencia and ERI-CES, Avda-Tarongers, Valencia, SpainView further author information
&
A. SanchisFacultad de Economia, Departamento de Estructura Económica, Universidad de Valencia and ERI-CES, Avda-Tarongers, Valencia, SpainView further author information
Pages 157-161 | Published online: 17 Aug 2015

References

  • Aghion, P., P. Askenazy, N. Berman, G. Cette, and L. Eymard. 2012. “Credit Constraints and the Cyclicality of R&D Investment: Evidence from France.” Journal of the European Economic Association 10: 1001–1024. doi:10.1111/jeea.2012.10.issue-5.
  • Antràs, P., M. Desai, and F. Foley. 2009. “Multinational Firms, FDI Flows and Imperfect Capital Markets.” Quarterly Journal of Economics 124: 1171–1219. doi:10.1162/qjec.2009.124.3.1171.
  • Beneito, P., M. P. Coscollá, M. E. Rochina-Barrachina, and A. Sanchis-Llopis. Forthcoming. “Competitive Pressure and Innovation at the Firm Level.” Journal of Industrial Economics.
  • Beneito, P., M. E. Rochina-Barrachina, and A. Sanchis. 2015. The Path of R&D Efficiency Over Time. International Journal of Industrial Organization 42: 57–69. doi:10.1016/j.ijindorg.2015.07.001.
  • Blundell, R., R. Griffith, and J. Van Reenen. 1999. “Market Share, Market Value and Innovation in a Panel of British Manufacturing Firms.” Review of Economic Studies 66: 529–554. doi:10.1111/roes.1999.66.issue-3.
  • Desai, M. A., C. F. Foley, and J. R. Hines Jr. 2004. “A Multinational Perspective on Capital Structure Choice and Internal Capital Markets.” The Journal of Finance 59: 2451–2487. doi:10.1111/jofi.2004.59.issue-6.
  • Guadalupe, M., O. Kuzmina, and C. Thomas. 2012. “Innovation and Foreign Ownership.” American Economic Review 102: 3594–3627. doi:10.1257/aer.102.7.3594.
  • Manova, K., S. Wei, and Z. Zhang. 2015. “Firms Exports and Multinational Activity under Credit Constraints.” Review of Economics and Statistics 97 (3): 574–588. doi:10.1162/REST_a_00480.

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