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Article Dans Une Revue The International Journal of Business Management and Technology Année : 2017

Seeking Finance, Perceived Financial Constraints and R&D Engagement

Résumé

This study empirically examines the association among R&D engagement, seeking finance and perceived financial constraints in high-tech SMEs. R&D engagement includes the decision of R&D engagement (whether a firm was engaged in R&D) and the degree of R&D engagement (actual R&D expenditure). I take into account both financial constraints and the former process, seeking finance. This paper proposes two sequential hypotheses. Firstly, I postulate that the decision of R&D engagement has a positive relationship with seeking finance in high-tech SMEs. Next, for those high-tech SMEs that applied for fund, I presume that perceived financial constraints are negatively related with the degree of R&D engagement. The empirical results are consistent with my expectations and thus the hypotheses are supported.
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Dates et versions

hal-02559421 , version 1 (30-04-2020)

Licence

Domaine public

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  • HAL Id : hal-02559421 , version 1

Citer

Yu Lu. Seeking Finance, Perceived Financial Constraints and R&D Engagement. The International Journal of Business Management and Technology, 2017, SEPTEMBER-OCTOBER 2017, 1 (1), pp.1-8. ⟨hal-02559421⟩
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