haku: @journal_id 550 / yhteensä: 339
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Tekijä: | Bougheas, S. |
Otsikko: | Internal vs external financing of R&D |
Lehti: | Small business economics
2004 : FEB, VOL. 22:2, p. 11-17 |
Asiasana: | R&D Small business Financing Models |
Kieli: | eng |
Tiivistelmä: | This article studies the financial decisions of small firms that are willing to invest in R&D. The empirical evidence shows that small firms in United States, United Kingdom and Canada are dependent on internal funds for financing R&D, whereas firms in Japan, Germany and France get the funds from banks. A model for examining the possible explanations for different financial arrangements in these countries is proposed. |
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