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Credit Constraints and Innovation Activities: Empirical Evidence on Russian Enterprises. / Мааруф, Али; Кораблева, Ольга Николаевна.

In: International Journal of Technology, Vol. 13, No. 2, 01.04.2022, p. 254-263.

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@article{85a53d7f09ab457080c6454d3652d4f9,
title = "Credit Constraints and Innovation Activities: Empirical Evidence on Russian Enterprises",
abstract = "This article studies the relationship between the credit constraints on Russian enterprises and their decision to introduce product innovation, process innovation, and to spend on research and development (R&D). The evidence regarding the relationship between R&D spending remains somewhat ambiguous and could differ between countries. A cross-sectional macro dataset of the World Bank Enterprises Survey in Russia in 2019 is used in a system of seemingly unrelated regressions. The results show that the existence of credit constraints is associated with a lower probability of introducing product innovations and spending on R&D activities. Nevertheless, there is no significant relationship between being credit constrained and the enterprise decision to introduce process innovations. The importance of this article stems from the fact that previous works showed that these relationships differ by country and that these relationships are considered simultaneously, while other works concentrate mainly on one of these relationships",
keywords = "Credit constraints, Financial constraints, Innovation activities, Research and development, World bank enterprises survey",
author = "Али Мааруф and Кораблева, {Ольга Николаевна}",
year = "2022",
month = apr,
day = "1",
doi = "10.14716/ijtech.v13i2.4835",
language = "English",
volume = "13",
pages = "254--263",
journal = "International Journal of Technology",
issn = "2086-9614",
publisher = "Faculty of Engineering Universitas Indonesia",
number = "2",

}

RIS

TY - JOUR

T1 - Credit Constraints and Innovation Activities: Empirical Evidence on Russian Enterprises

AU - Мааруф, Али

AU - Кораблева, Ольга Николаевна

PY - 2022/4/1

Y1 - 2022/4/1

N2 - This article studies the relationship between the credit constraints on Russian enterprises and their decision to introduce product innovation, process innovation, and to spend on research and development (R&D). The evidence regarding the relationship between R&D spending remains somewhat ambiguous and could differ between countries. A cross-sectional macro dataset of the World Bank Enterprises Survey in Russia in 2019 is used in a system of seemingly unrelated regressions. The results show that the existence of credit constraints is associated with a lower probability of introducing product innovations and spending on R&D activities. Nevertheless, there is no significant relationship between being credit constrained and the enterprise decision to introduce process innovations. The importance of this article stems from the fact that previous works showed that these relationships differ by country and that these relationships are considered simultaneously, while other works concentrate mainly on one of these relationships

AB - This article studies the relationship between the credit constraints on Russian enterprises and their decision to introduce product innovation, process innovation, and to spend on research and development (R&D). The evidence regarding the relationship between R&D spending remains somewhat ambiguous and could differ between countries. A cross-sectional macro dataset of the World Bank Enterprises Survey in Russia in 2019 is used in a system of seemingly unrelated regressions. The results show that the existence of credit constraints is associated with a lower probability of introducing product innovations and spending on R&D activities. Nevertheless, there is no significant relationship between being credit constrained and the enterprise decision to introduce process innovations. The importance of this article stems from the fact that previous works showed that these relationships differ by country and that these relationships are considered simultaneously, while other works concentrate mainly on one of these relationships

KW - Credit constraints

KW - Financial constraints

KW - Innovation activities

KW - Research and development

KW - World bank enterprises survey

UR - http://www.scopus.com/inward/record.url?scp=85129071396&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/ccfb14b1-6e29-32d1-b278-8469e7e72614/

U2 - 10.14716/ijtech.v13i2.4835

DO - 10.14716/ijtech.v13i2.4835

M3 - Article

VL - 13

SP - 254

EP - 263

JO - International Journal of Technology

JF - International Journal of Technology

SN - 2086-9614

IS - 2

ER -

ID: 94741345