uu.seUppsala University Publications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Financing constraints and R&D investments: Evidence from high-tech Swedish firms
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2019 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Financing of research and development, as an important component of innovation, has attracted a renewed attention in academic financing literature. This paper examines the effect of financing constraints on R&D investments of high-tech Swedish companies over the period of 2010 to 2016. Accordingly, balance sheet data related to 49 companies, which has the smaller amount of employees in comparison with the rest of high-tech publicly listed companies is collected. Moreover, a dynamic model based on previous literature about financing constrained is developed to study the relation of both internal and external resources of financing with R&D investments of the selected companies. The result of this study shows that internal resources of financing such as cash holdings have a positive correlation with R&D investments. The coefficient of this financial variable is large enough to conclude that selected firms are financially constrained. However, based on other factors such as consideration of age and occurrence of global financial recession in the period that this study is accomplished, I concluded that dependence of companies to their internal resources for financing their R&D investments is an outcome of the characteristics of their environment.

Place, publisher, year, edition, pages
2019. , p. 45
Keywords [en]
R&D financing constraints, Invention, Innovation, Finance
National Category
Business Administration
Identifiers
URN: urn:nbn:se:uu:diva-377327OAI: oai:DiVA.org:uu-377327DiVA, id: diva2:1289741
Educational program
Master Programme in Business and Management
Supervisors
Available from: 2019-02-26 Created: 2019-02-19 Last updated: 2019-02-26Bibliographically approved

Open Access in DiVA

Financing constraints and R&D investments(1662 kB)64 downloads
File information
File name FULLTEXT01.pdfFile size 1662 kBChecksum SHA-512
3bff1391b4c41855a2a0bb03dda9cb07590b83631dcd1c6c49bc973432b71441a0450bab8cd19bf3109e696f9143c1ada622a5133a8d3e1e502ff6c87e9c5bc7
Type fulltextMimetype application/pdf

By organisation
Department of Business Studies
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 64 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 375 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf