메뉴 건너뛰기




Volumn , Issue , 2008, Pages 217-242

Financial constraint and R&D investment: Evidence from CIS

Author keywords

[No Author keywords available]

Indexed keywords


EID: 85014988353     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1057/9780230285736     Document Type: Chapter
Times cited : (25)

References (35)
  • 1
    • 0042481764 scopus 로고    scopus 로고
    • How Sensitive is Investment to Cash Flow when Financing is Frictionless?
    • Aydogan, A. (2003) 'How Sensitive is Investment to Cash Flow when Financing is Frictionless?', Journal of Finance, 58, pp. 707-22.
    • (2003) Journal of Finance , vol.58 , pp. 707-722
    • Aydogan, A.1
  • 2
    • 84962999023 scopus 로고
    • Dynamic Investment Models and the Firm's Financial Policy
    • Bond, S. and C. Meghir (1994) 'Dynamic Investment Models and the Firm's Financial Policy', Review of Economic Studies, 61, pp. 197-222.
    • (1994) Review of Economic Studies , vol.61 , pp. 197-222
    • Bond, S.1    Meghir, C.2
  • 3
    • 0003875424 scopus 로고    scopus 로고
    • Financial Factors and Investment in Belgium, France, Germany and the UK: A Comparison Using Company Panel Data
    • Institute for Fiscal Studies Working Papers, W97/08
    • Bond S., J. Elston, J. Mairesse and B. Mulkay (1997) 'Financial Factors and Investment in Belgium, France, Germany and the UK: A Comparison Using Company Panel Data', Institute for Fiscal Studies Working Papers, W97/08.
    • (1997)
    • Bond, S.1    Elston, J.2    Mairesse, J.3    Mulkay, B.4
  • 4
    • 0009093975 scopus 로고    scopus 로고
    • The Relationship between Firm Investment and Financial Status
    • Cleary, S (1999) 'The Relationship between Firm Investment and Financial Status', Journal of Finance, 54, pp. 673-92.
    • (1999) Journal of Finance , vol.54 , pp. 673-692
    • Cleary, S.1
  • 6
    • 0000041791 scopus 로고
    • Innovation and Learning: the Two Faces of R&D
    • Cohen, W. M. and D. Levinthal, (1989) 'Innovation and Learning: the Two Faces of R&D', Economic Journal, 99, pp. 569-96.
    • (1989) Economic Journal , vol.99 , pp. 569-596
    • Cohen, W.M.1    Levinthal, D.2
  • 7
  • 9
    • 30844470248 scopus 로고    scopus 로고
    • Equilibrium Asset Prices with Imperfect Corporate Control
    • Dow, J., G. Gorton and A. Krishnamurthy (2005) 'Equilibrium Asset Prices with Imperfect Corporate Control', American Economic Review, 95: 3, pp. 659-81.
    • (2005) American Economic Review , vol.95 , Issue.3 , pp. 659-681
    • Dow, J.1    Gorton, G.2    Krishnamurthy, A.3
  • 11
    • 0012125938 scopus 로고
    • Incentive-Compatible Debt Contracts: The One-Period Problem
    • Gale, D. and M. Hellwig (1985) 'Incentive-Compatible Debt Contracts: The One-Period Problem', Review of Economic Studies, 52, pp. 647-63.
    • (1985) Review of Economic Studies , vol.52 , pp. 647-663
    • Gale, D.1    Hellwig, M.2
  • 12
    • 33947684817 scopus 로고
    • The Optimal Debt Contract: A Comparative Static Analysis
    • CARESS Working Paper
    • Gale, D. and M. Hellwig (1986) 'The Optimal Debt Contract: A Comparative Static Analysis', CARESS Working Paper, 86-06.
    • (1986) , pp. 86-06
    • Gale, D.1    Hellwig, M.2
  • 13
    • 6244298110 scopus 로고
    • Innovation, Technological Opportunity and Market Share
    • Geroski, P. A. (1990) 'Innovation, Technological Opportunity and Market Share', Oxford Economic Papers, 42, pp. 586-602.
    • (1990) Oxford Economic Papers , vol.42 , pp. 586-602
    • Geroski, P.A.1
  • 14
    • 0012875458 scopus 로고    scopus 로고
    • Financing Investment
    • Gomes, J. F. (2001) 'Financing Investment', American Economic Review, 91, pp. 1236-85.
    • (2001) American Economic Review , vol.91 , pp. 1236-1285
    • Gomes, J.F.1
  • 15
    • 33750456128 scopus 로고    scopus 로고
    • Asset Pricing Implications of Firms' Financing Constraints
    • Gomes, J. F., A. Yaron and L. Zhang (2006) 'Asset Pricing Implications of Firms' Financing Constraints', Review of Financial Studies, 19, pp. 1321-56.
    • (2006) Review of Financial Studies , vol.19 , pp. 1321-1356
    • Gomes, J.F.1    Yaron, A.2    Zhang, L.3
  • 16
    • 0000201640 scopus 로고    scopus 로고
    • Are there Financing Constraints for R&D and Investment in German Manufacturing Firms?
    • Harhoff D. (1998) 'Are there Financing Constraints for R&D and Investment in German Manufacturing Firms?', Annales d'Economie et de Statistique, 49/50, pp. 421-56.
    • (1998) Annales d'Economie et de Statistique , vol.49-50 , pp. 421-456
    • Harhoff, D.1
  • 17
    • 0028560578 scopus 로고
    • R&D and Internal Finance: A Panel Study of Small Firms in High-Tech Industries
    • Himmelberg C. and Petersen B. (1994) 'R&D and Internal Finance: A Panel Study of Small Firms in High-Tech Industries', Review of Economics and Statistics, 76, pp. 38-51.
    • (1994) Review of Economics and Statistics , vol.76 , pp. 38-51
    • Himmelberg, C.1    Petersen, B.2
  • 18
    • 44649197264 scopus 로고
    • Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
    • Jensen, M. C. and W. H. Meckling (1976) 'Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure', Journal of Financial Economics, 3, pp. 305-60.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 19
    • 0003112060 scopus 로고    scopus 로고
    • Do Financing Constraints Explain why Investment is Correlated with Cash Flow?
    • Kaplan, S. and L. Zingales (1997) 'Do Financing Constraints Explain why Investment is Correlated with Cash Flow?', Quarterly Journal of Economics, 112, pp. 169-216.
    • (1997) Quarterly Journal of Economics , vol.112 , pp. 169-216
    • Kaplan, S.1    Zingales, L.2
  • 20
    • 47949125495 scopus 로고    scopus 로고
    • Investment-Cash Flow Sensitivities are not Valid Measures of Financing Constraints
    • NBER Working Paper 7659
    • Kaplan, S. and L. Zingales (2000) 'Investment-Cash Flow Sensitivities are not Valid Measures of Financing Constraints', NBER Working Paper 7659.
    • (2000)
    • Kaplan, S.1    Zingales, L.2
  • 21
    • 0000920235 scopus 로고    scopus 로고
    • Semiparametric Qualitative Response Model Estimation with Unknown Heteroscedasticity and Instrumental Variables
    • Lewbel, A. (2000) 'Semiparametric Qualitative Response Model Estimation with Unknown Heteroscedasticity and Instrumental Variables', Journal of Econometrics, 97, pp. 145-77.
    • (2000) Journal of Econometrics , vol.97 , pp. 145-177
    • Lewbel, A.1
  • 22
    • 32044454162 scopus 로고    scopus 로고
    • Simple Estimators for Hard Problems: Endogeneity in Discrete Choice Related Models
    • Unpublished Manuscript, available at
    • Lewbel, A. (2004) 'Simple Estimators for Hard Problems: Endogeneity in Discrete Choice Related Models', Unpublished Manuscript, available at: www2.bc.edu/lewbel/.
    • (2004)
    • Lewbel, A.1
  • 23
    • 85014998696 scopus 로고    scopus 로고
    • Endogenous Selection or Treatment Model Estimation
    • Lewbel, A. (2006) 'Endogenous Selection or Treatment Model Estimation', Journal of Econometrics, 113: 2, pp. 231-63.
    • (2006) Journal of Econometrics , vol.113 , Issue.2 , pp. 231-263
    • Lewbel, A.1
  • 24
    • 33748593927 scopus 로고    scopus 로고
    • A Simple Ordered Data Estimator for Inverse Density Weighted Functions
    • Lewbel, A. and S. Schennach (2007) 'A Simple Ordered Data Estimator for Inverse Density Weighted Functions', Journal of Econometrics, 136, pp. 189-211.
    • (2007) Journal of Econometrics , vol.136 , pp. 189-211
    • Lewbel, A.1    Schennach, S.2
  • 25
    • 0002959514 scopus 로고    scopus 로고
    • Firm-Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years
    • Mairesse J., B. H. Hall and B. Mulkay (1999) 'Firm-Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years', Annales d'Economie et de Statistique, 55-56, pp. 27-63.
    • (1999) Annales d'Economie et de Statistique , vol.55-56 , pp. 27-63
    • Mairesse, J.1    Hall, B.H.2    Mulkay, B.3
  • 26
    • 0000294096 scopus 로고
    • The Cost of Capital, Corporation Finance, and the Theory of Investment
    • Modigliani, F. and M. H. Miller (1958) 'The Cost of Capital, Corporation Finance, and the Theory of Investment', American Economic Review, 48, pp. 261-97.
    • (1958) American Economic Review , vol.48 , pp. 261-297
    • Modigliani, F.1    Miller, M.H.2
  • 27
    • 0003303115 scopus 로고    scopus 로고
    • Firm Level Investment and R&D in France and in the United States
    • in Deutsche Bundesbank (ed.), Springer Verlag
    • Mulkay B., B. H. Hall and J. Mairesse (2001) 'Firm Level Investment and R&D in France and in the United States', in Deutsche Bundesbank (ed.) Investing Today for theWorld of Tomorrow (Springer Verlag).
    • (2001) Investing Today for theWorld of Tomorrow
    • Mulkay, B.1    Hall, B.H.2    Mairesse, J.3
  • 28
    • 48549110620 scopus 로고
    • Corporate Financing and Investment Decision When Firms Have Information that Investors Do Not Have
    • Myers, S. C. and N. S. Majluf (1984) 'Corporate Financing and Investment Decision When Firms Have Information that Investors Do Not Have', Journal of Financial Economics, 13, pp. 187-221.
    • (1984) Journal of Financial Economics , vol.13 , pp. 187-221
    • Myers, S.C.1    Majluf, N.S.2
  • 29
    • 0242721133 scopus 로고    scopus 로고
    • Zeros and Lumps in Investment: Empirical Evidence on Irreversibilities and Nonconvexities
    • Nilsen, O. A. and F. Schiantarelli (2003) 'Zeros and Lumps in Investment: Empirical Evidence on Irreversibilities and Nonconvexities', The Review of Economics and Statistics, 85: 4, pp. 1021-37
    • (2003) The Review of Economics and Statistics , vol.85 , Issue.4 , pp. 1021-1037
    • Nilsen, O.A.1    Schiantarelli, F.2
  • 30
    • 0037688362 scopus 로고    scopus 로고
    • Why Firms Form Research Joint Ventures: Theory and Evidence
    • CEPR Discussion Paper Series
    • Röller, L., M. Tombak and R. Siebert (1997) 'Why Firms Form Research Joint Ventures: Theory and Evidence', CEPR Discussion Paper Series, 1654.
    • (1997) , pp. 1654
    • Röller, L.1    Tombak, M.2    Siebert, R.3
  • 32
    • 42149171181 scopus 로고    scopus 로고
    • The Impact of Financial Constraints on Innovation: Evidence from French Manufacturing Firms
    • ERUDITE, Université Paris, Working Paper
    • Savignac, F. (2005) 'The Impact of Financial Constraints on Innovation: Evidence from French Manufacturing Firms', ERUDITE, Université Paris, Working Paper.
    • (2005)
    • Savignac, F.1
  • 34
    • 84977734564 scopus 로고
    • Debt, Liquidity Constraints and Corporate Investment: Evidence from Panel Data
    • Whited, T. M. (1992) 'Debt, Liquidity Constraints and Corporate Investment: Evidence from Panel Data', Journal of Finance, 47, pp. 1425-60.
    • (1992) Journal of Finance , vol.47 , pp. 1425-1460
    • Whited, T.M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.