An earlier version of this paper was previously circulated as “R&D, Innovation and Liquidity Constraints.” We thank M. Bratti, V. Cerasi, L. Colombo, D. Czarnitzki, T. Duso, P. Epifani, A. Gambardella, B. Hall, H. Hottenrott, J. Mairesse, P. Murro, G. Peri, O. Toivanen, J. Tribò, and R. Veugelers for their useful discussions and suggestions, as well as seminar participants at Polytechnic of Turin, University of Valencia, Universidad Autonoma de Barcelona, École Polytechnique, UECE-ISEG, University of Siena, University of Bologna, Bocconi University (seminar series on “Global Challenges”), and participants to EARIE 2011, ICEEE 2011, CONCORD 2010, SIE 2010, EARIE 2009, JEI 2009, and FIRB-RISC 2009. We also thank C. Cozza and G. Perani for providing us supplementary R&D data matching our survey and R. Minetti for sharing the set of instruments employed by Herrera and Minetti (2007). Financial support from MIUR, Italian Ministry for Education, Universities and Research (FIRB, Project RISC - RBNE039XKA: “Research and entrepreneurship in the knowledge-based economy: the effects on the competitiveness of Italy in the European Union”), and by FCT (Fundação para a Ciência e a Tecnologia), Portugal, are gratefully acknowledged. The usual disclaimer applies.
R&D AND CREDIT RATIONING IN SMEs
Article first published online: 27 MAR 2014
© 2014 Western Economic Association International
Volume 52, Issue 3, pages 1153–1172, July 2014
How to Cite
Mancusi, M. L. and Vezzulli, A. (2014), R&D AND CREDIT RATIONING IN SMEs. Economic Inquiry, 52: 1153–1172. doi: 10.1111/ecin.12080
- Issue published online: 8 MAY 2014
- Article first published online: 27 MAR 2014
- Manuscript Accepted: 13 NOV 2013
- Manuscript Received: 2 AUG 2013
- MIUR, Italian Ministry for Education, Universities and Research. Grant Number: FIRB, Project RISC - RBNE039XKA
- FCT (Fundação para a Ciência e a Tecnologia)
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