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James R. Brown

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. James R. Brown & J Anthony Cookson & Rawley Heimer, 2017. "Growing Up without Finance," Working Papers (Old Series) 1704, Federal Reserve Bank of Cleveland.

    Cited by:

    1. Jackowicz, Krzysztof & Kozłowski, Łukasz & Wnuczak, Paweł, 2021. "Which local markets do banks desert first? evidence from poland," Finance Research Letters, Elsevier, vol. 38(C).
    2. Pattison, Nathaniel & Millimet, Daniel L., 2023. "A Tale of Two Bankruptcies: Geographic Differences in Bankruptcy Chapter Choice," IZA Discussion Papers 16105, Institute of Labor Economics (IZA).
    3. Laura Cattaneo & Donna Feir, 2021. "The Price of Mortgage Financing for Native Americans," Journal of Economics, Race, and Policy, Springer, vol. 4(4), pages 302-319, December.
    4. Terri Friedline & Zibei Chen, 2021. "Digital redlining and the fintech marketplace: Evidence from US zip codes," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(2), pages 366-388, June.
    5. Akey, Pat & Heimer, Rawley Z. & Lewellen, Stefan, 2021. "Politicizing consumer credit," Journal of Financial Economics, Elsevier, vol. 139(2), pages 627-655.
    6. Elizabeth A. Berger & Nathan Seegert, 2024. "Half Banked: The Economic Impact of Cash Management in the Marijuana Industry," Journal of Finance, American Finance Association, vol. 79(4), pages 2759-2796, August.
    7. Niculaescu, Corina E. & Sangiorgi, Ivan & Bell, Adrian R., 2023. "Does personal experience with COVID-19 impact investment decisions? Evidence from a survey of US retail investors," International Review of Financial Analysis, Elsevier, vol. 88(C).
    8. Yidi Liu & Xin Li & Zhiqiang (Eric) Zheng, 2024. "Consequences of China’s 2018 Online Lending Regulation and the Promise of PolicyTech," Information Systems Research, INFORMS, vol. 35(3), pages 1235-1256, September.
    9. Happel, Jonas & Karabulut, Yigitcan & Schäfer, Larissa & Tüzel, Şelale, 2024. "Shattered housing," Journal of Financial Economics, Elsevier, vol. 156(C).
    10. Sharon Chen & Sebastian Doerr & Jon Frost & Leonardo Gambacorta & Hyun Song Shin, 2021. "The fintech gender gap," BIS Working Papers 931, Bank for International Settlements.
    11. Trevor J. Bakker & Stefanie DeLuca & Eric A. English & Jamie Fogel & Nathaniel Hendren & Daniel Herbst, 2025. "Credit Access in the United States," Working Papers 25-45, Center for Economic Studies, U.S. Census Bureau.
    12. Sumit Agarwal & Thomas Kigabo & Ms. Camelia Minoiu & Mr. Andrea F Presbitero & Andre Silva, 2018. "Financial Access Under the Microscope," IMF Working Papers 2018/208, International Monetary Fund.
    13. Liebersohn, Jack & Rothstein, Jesse, 2025. "Household mobility and mortgage rate lock," Journal of Financial Economics, Elsevier, vol. 164(C).
    14. Erel, Isil & Liebersohn, Jack, 2022. "Can FinTech reduce disparities in access to finance? Evidence from the Paycheck Protection Program," Journal of Financial Economics, Elsevier, vol. 146(1), pages 90-118.
    15. J. Anthony Cookson & Corbin Fox & Javier Gil-Bazo & Juan Imbet & Christoph Schiller, 2024. "Social Media as a Bank Run Catalyst," Working Papers hal-04400382, HAL.
    16. Yan, Yu & Qi, Shusen, 2021. "Childhood matters: Family education and financial inclusion," Pacific-Basin Finance Journal, Elsevier, vol. 65(C).
    17. Hayashi, Fumiko & Routh, Aditi & Toh, Ying Lei, 2024. "Heterogeneous unbanked households: Which types of households are more (or less) likely to open a bank account?," Journal of Economics and Business, Elsevier, vol. 129(C).
    18. Sinja Buri & Robert Cull & Xavier Giné, 2023. "Alternative delivery channels and impacts: agent banking," Chapters, in: Valentina Hartarska & Robert J. Cull (ed.), Handbook of Microfinance, Financial Inclusion and Development, chapter 9, pages 150-163, Edward Elgar Publishing.
    19. J. Michael Collins & Jeff Larrimore & Carly Urban, 2021. "Does Access to Bank Accounts as a Minor Improve Financial Capability? Evidence from Minor Bank Account Laws," Finance and Economics Discussion Series 2021-075, Board of Governors of the Federal Reserve System (U.S.).
    20. Cookson, J. Anthony & Gilje, Erik P. & Heimer, Rawley Z., 2022. "Shale shocked: Cash windfalls and household debt repayment," Journal of Financial Economics, Elsevier, vol. 146(3), pages 905-931.
    21. Campbell, Daniel & Grant, Andrew & Thorp, Susan, 2022. "Reducing credit card delinquency using repayment reminders," Journal of Banking & Finance, Elsevier, vol. 142(C).
    22. Giulia Bettin & Claudia Pigini & Alberto Zazzaro, 2020. "Financial inclusion and poverty transitions: an empirical analysis for Italy," Mo.Fi.R. Working Papers 164, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    23. Giné, Xavier & Goldberg, Jessica, 2023. "Experience in financial decision-making: Field evidence from Malawi," Journal of Development Economics, Elsevier, vol. 161(C).
    24. Bajo, Emanuele & Barbi, Massimiliano, 2018. "Financial illiteracy and mortgage refinancing decisions," Journal of Banking & Finance, Elsevier, vol. 94(C), pages 279-296.
    25. Julie Birkenmaier & Jin Huang, 2024. "A systematic conceptual review of financial access," Journal of Consumer Affairs, Wiley Blackwell, vol. 58(2), pages 367-396, June.
    26. Christa N. Gibbs & Benedict Guttman-Kenney & Donghoon Lee & Scott T. Nelson & Wilbert H. van der Klaauw & Jialan Wang, 2024. "Consumer Credit Reporting Data," NBER Working Papers 32791, National Bureau of Economic Research, Inc.
    27. J. Michael Collins & Sarah Halpern-Meekin & Melody Harvey & Jill Hoiting, 2023. "“I Don’t Like All Those Fees” Pragmatism About Financial Services Among Low-Income Parents," Journal of Family and Economic Issues, Springer, vol. 44(4), pages 807-820, December.
    28. Olayinka Oyekola & Sofia Johan & Rilwan Sakariyahu & Oluwatoyin Esther Dosumu & Shima Amini, 2023. "Political institutions, financial liberalisation, and access to finance: firm-level empirical evidence," Discussion Papers 2307, University of Exeter, Department of Economics.
    29. Fatma Mabrouk & Jihen Bousrih & Manal Elhaj & Jawaher Binsuwadan & Hind Alofaysan, 2023. "Empowering Women through Digital Financial Inclusion: Comparative Study before and after COVID-19," Sustainability, MDPI, vol. 15(12), pages 1-17, June.
    30. Eduardo Minuci & Scott Schuh, 2022. "Are West Virginia Banks Unique?," Working Papers 22-03, Department of Economics, West Virginia University.
    31. J. Michael Collins & Madelaine L’Esperance, 2023. "What do students gain from banks in schools? A field study," Review of Economics of the Household, Springer, vol. 21(2), pages 567-590, June.
    32. Yi, Siyu & Li, Sitong & Chen, Gengxuan, 2025. "Banking system stress: Unravelling its influence on U.S. industry risk," Research in International Business and Finance, Elsevier, vol. 76(C).
    33. Kara, Alper & Zhou, Haoyong & Zhou, Yifan, 2021. "Achieving the United Nations' sustainable development goals through financial inclusion: A systematic literature review of access to finance across the globe," International Review of Financial Analysis, Elsevier, vol. 77(C).
    34. Elena Falcettoni & Vegard Nygaard, 2025. "Refining the Definition of the Unbanked," Finance and Economics Discussion Series 2025-033, Board of Governors of the Federal Reserve System (U.S.).
    35. Yang, Keer, 2025. "Trust as an entry barrier: Evidence from FinTech adoption," Journal of Financial Economics, Elsevier, vol. 169(C).
    36. Ryan M. Goodstein & Alicia Lloro & Sherrie L.W. Rhine & Jeffrey M. Weinstein, 2021. "What accounts for racial and ethnic differences in credit use?," Journal of Consumer Affairs, Wiley Blackwell, vol. 55(2), pages 389-416, June.
    37. Berger, Allen N. & Molyneux, Phil & Wilson, John O.S., 2020. "Banks and the real economy: An assessment of the research," Journal of Corporate Finance, Elsevier, vol. 62(C).
    38. Alessio D'Ignazio & Daniela Marconi & Massimiliano Stacchini, 2024. "Micro-entrepreneurs and the twin green and digital transitions. Does financial literacy play a role?," Questioni di Economia e Finanza (Occasional Papers) 858, Bank of Italy, Economic Research and International Relations Area.
    39. J. Anthony Cookson & Erik P. Gilje & Rawley Z. Heimer, 2020. "Shale Shocked: Cash Windfalls and Household Debt Repayment," NBER Working Papers 27782, National Bureau of Economic Research, Inc.
    40. Giulia Bettin & Claudia Pigini & Alberto Zazzaro, 2023. "Lifting You up or Dragging You Down? The Role of Financial Inclusion in Poverty Transitions Among Italian Households," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 69(3), pages 606-639, September.
    41. McKillop, Donal & French, Declan & Quinn, Barry & Sobiech, Anna L. & Wilson, John O.S., 2020. "Cooperative financial institutions: A review of the literature," International Review of Financial Analysis, Elsevier, vol. 71(C).
    42. Luisa Blanco & Salvador Contreras & Amit Ghosh, 2022. "Impact of Great Recession bank failures on use of financial services among racial/ethnic and income groups," Southern Economic Journal, John Wiley & Sons, vol. 88(4), pages 1574-1598, April.
    43. Lei, Jie & Bai, Yiyi & Kong, Dongmin, 2024. "Bank competition and household informal credit," International Review of Financial Analysis, Elsevier, vol. 94(C).
    44. Bu, Di & Hanspal, Tobin & Liao, Yin & Liu, Yong, 2021. "Risk taking, preferences, and beliefs: Evidence from Wuhan," SAFE Working Paper Series 301, Leibniz Institute for Financial Research SAFE.
    45. Traweek, Virginia & Wardlaw, Malcolm, 2025. "Racial violence, political representation, and the threat to banks as open access institutions," Journal of Banking & Finance, Elsevier, vol. 172(C).
    46. Yogo, Motohiro & Whitten, Andrew & Cox, Natalie, 2025. "Financial Inclusion Across the United States," Journal of Financial Economics, Elsevier, vol. 166(C).
    47. CHIAD, Faycal & Aouissi, Amine & Lahsasna, Ahcene, 2021. "Financial Market Inclusion and Economic Growth: Evidence from Algeria," MPRA Paper 112034, University Library of Munich, Germany, revised 2021.
    48. John Creamer & Lewis Warren, 2024. "Unbanked and impoverished? Exploring banking and poverty interactions over time," Journal of Consumer Affairs, Wiley Blackwell, vol. 58(2), pages 506-537, June.
    49. Christoph Herpfer & Aksel Mjøs & Cornelius Schmidt, 2023. "The Causal Impact of Distance on Bank Lending," Management Science, INFORMS, vol. 69(2), pages 723-740, February.
    50. Mangrum, Daniel, 2022. "Personal finance education mandates and student loan repayment," Journal of Financial Economics, Elsevier, vol. 146(1), pages 1-26.
    51. Gopalakrishnan, Balagopal & Jacob, Joshy & Mohapatra, Sanket, 2022. "COVID-19 pandemic and debt financing by firms: Unravelling the channels," Economic Modelling, Elsevier, vol. 114(C).
    52. Shawn Blankinship & Laura Lamb, 2022. "Exploring First Nation Community Well‐being in Canada: The Impact of Geographic and Financial Factors," Economic Papers, The Economic Society of Australia, vol. 41(2), pages 128-154, June.

  2. James R. Brown & Gustav Martinsson & Christian Thomann, 2015. "What if Firms Could Borrow More? Evidence from a Natural Experiment," CESifo Working Paper Series 5458, CESifo.

    Cited by:

    1. Tao Zhang & Jie Tian, 2024. "The impact mechanism and empirical analysis of financial efficiency of science and technology empowering regional real economy growth," PLOS ONE, Public Library of Science, vol. 19(9), pages 1-15, September.
    2. Hanspal, Tobin, 2016. "The effect of personal financing disruptions on entrepreneurship," SAFE Working Paper Series 161, Leibniz Institute for Financial Research SAFE.

  3. Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2015. "Do Financing Constraints Matter for R&D?," Working Paper Series in Economics and Institutions of Innovation 394, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.

    Cited by:

    1. Knoll, Bodo & Riedel, Nadine & Schwab, Thomas & Todtenhaupt, Maximilian & Voget, Johannes, 2021. "Cross-border effects of R&D tax incentives," Research Policy, Elsevier, vol. 50(9).
    2. Mingtao Yu & Aiguo Yan, 2022. "Can Digital Finance Accelerate the Digital Transformation of Companies? From the Perspective of M&A," Sustainability, MDPI, vol. 14(21), pages 1-16, November.
    3. Febi Jensen & Dorothea Schäfer & Andreas Stephan, 2019. "Financial Constraints of Firms with Environmental Innovation," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 88(3), pages 43-65.
    4. Wei-Fong Pan, 2019. "Geopolitical Risk and R&D investment," Economics Discussion Papers em-dp2019-11, Department of Economics, University of Reading.
    5. Li, Yan & Zhang, Yiren & Hu, Jian & Wang, Zeyu, 2024. "Insight into the nexus between intellectual property pledge financing and enterprise innovation: A systematic analysis with multidimensional perspectives," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 700-719.
    6. Haiquan Wu & Wenli Liao & Zhifang Zhou & Yi Li, 2021. "Can Financial Constraints and Regulatory Distance Reduce Corporate Environmental Irresponsibility?," Sustainability, MDPI, vol. 13(23), pages 1-25, November.
    7. Malik, Muhammad Farhan & Nowland, John & Buckby, Sherrena, 2021. "Voluntary adoption of board risk committees and financial constraints risk," International Review of Financial Analysis, Elsevier, vol. 73(C).
    8. Christopher F. Baum & Arash Kordestani & Dorothea Schäfer & Andreas Stephan, 2021. "Firms in (Green) Public Procurement: Financial Strength Indicators’ Impact on Contract Awards and Its Repercussion on Financial Strength," Discussion Papers of DIW Berlin 1984, DIW Berlin, German Institute for Economic Research.
    9. Chen, Minjia & Guariglia, Alessandra, 2013. "Internal financial constraints and firm productivity in China: Do liquidity and export behavior make a difference?," Journal of Comparative Economics, Elsevier, vol. 41(4), pages 1123-1140.
    10. Nian Li & Chunling Li & Runsen Yuan & Muhammad Asif Khan & Xiaoran Sun & Nosherwan Khaliq, 2021. "Investor Attention and Corporate Innovation Performance: Evidence from Web Search Volume Index of Chinese Listed Companies," Mathematics, MDPI, vol. 9(9), pages 1-23, April.
    11. Bellucci, Andrea & Pennacchio, Luca & Zazzaro, Alberto, 2023. "Debt financing of SMEs: The certification role of R&D Subsidies," International Review of Financial Analysis, Elsevier, vol. 90(C).
    12. Jarle Aarstad & Olav Andreas Kvitastein & Stig-Erik Jakobsen, 2019. "What Drives Enterprise Product Innovation? Assessing How Regional, National, And International Inter-Firm Collaboration Complement Or Substitute For R&D Investments," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(05), pages 1-25, June.
    13. Shuai Guan & Jinquan Liu & Yongfu Liu & Mingze Du, 2022. "The Nonlinear Influence of Environmental Regulation on the Transformation and Upgrading of Industrial Structure," IJERPH, MDPI, vol. 19(14), pages 1-16, July.
    14. Feiyan Yang & Jiahui Ren & Junjie Yang & Yuchuan Zhang & Changyuan Xia, 2025. "Does property insurance promote corporate innovation? Evidence from China," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 50(1), pages 34-77, January.
    15. Honjo, Yuji, 2021. "The impact of founders’ human capital on initial capital structure: Evidence from Japan," Technovation, Elsevier, vol. 100(C).
    16. Altomonte, Carlo & Favoino, Domenico & Morlacco, Monica & Sonno, Tommaso, 2021. "Markups, intangible capital and heterogeneous financial frictions," LSE Research Online Documents on Economics 114280, London School of Economics and Political Science, LSE Library.
    17. Kong, Dongmin & Yang, Yiwei & Wang, Qin, 2023. "Innovative efficiency and firm value: Evidence from China," Finance Research Letters, Elsevier, vol. 52(C).
    18. Dorothea Schäfer & Andreas Stephan & Jenniffer Solórzano Mosquera, 2017. "Family ownership: does it matter for funding and success of corporate innovations?," Small Business Economics, Springer, vol. 48(4), pages 931-951, April.
    19. Michele Cincera & Julien Ravet & Reinhilde Veugelers, 2015. "The sensitivity of R&D investments to cash flows: Comparing young and old EU and US leading innovators," Working Papers of Department of Management, Strategy and Innovation, Leuven 497091, KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven.
    20. Basso, Henrique S. & Jimeno, Juan F., 2021. "From secular stagnation to robocalypse? Implications of demographic and technological changes," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 833-847.
    21. Laura Barbieri & Daniela Bragoli & Flavia Cortelezzi & Giovanni Marseguerra, 2015. "Public Support to Innovation Strategies," DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali dises1509, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    22. Winston Wei Dou & Yan Ji & David Reibstein & Wei Wu, 2021. "Inalienable Customer Capital, Corporate Liquidity, and Stock Returns," Journal of Finance, American Finance Association, vol. 76(1), pages 211-265, February.
    23. Liu, Fengyun & Huang, Jingqian & Yan, Qu & Yao, Lu, 2025. "Does the timing of subsidized loans matter for clean energy technological innovation? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 407-425.
    24. Qi‐an Chen & Shuxiang Tang & Yuan Xu, 2022. "Do government subsidies and financing constraints play a dominant role in the effect of state ownership on corporate innovation? Evidence from China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3698-3714, December.
    25. Wang, Jiaxin & Liu, Jiemei & Wang, Jiawei & Huang, Xiang & Liu, Yu, 2023. "The puzzle of household wealth preservation and corporate innovation," International Review of Financial Analysis, Elsevier, vol. 90(C).
    26. Fabrizio Leone, 2022. "Foreign ownership and robot adoption," CEP Discussion Papers dp1854, Centre for Economic Performance, LSE.
    27. Pierre-Richard AGENOR, 2016. "Caught in the Middle? The Economics of Middle-Income Traps," Working Papers P142, FERDI.
    28. Segol, Matthieu & Kolev, Atanas & Maurin, Laurent, 2021. "The impact of bank loan terms on intangible investment in Europe," EIB Working Papers 2021/05, European Investment Bank (EIB).
    29. Long Xue & Qianyu Zhang & Xuemang Zhang & Chengyu Li, 2022. "Can Digital Transformation Promote Green Technology Innovation?," Sustainability, MDPI, vol. 14(12), pages 1-20, June.
    30. Chen, Shiu-Sheng, 2017. "Exchange rate undervaluation and R&D activity," Journal of International Money and Finance, Elsevier, vol. 72(C), pages 148-160.
    31. Deng, Minjie & Liu, Chang, 2024. "Sovereign risk and intangible investment," Journal of International Economics, Elsevier, vol. 152(C).
    32. Christoph P. Kiefer & Pablo Del Río González & Javier Carrillo‐Hermosilla, 2019. "Drivers and barriers of eco‐innovation types for sustainable transitions: A quantitative perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 28(1), pages 155-172, January.
    33. Lee, Jiyoon, 2022. "Do firms use credit lines to support investment opportunities?: Evidence from success in R&D," Journal of Empirical Finance, Elsevier, vol. 69(C), pages 1-14.
    34. Uluc Aysun & Zeynep Yom, 2025. "Technology creation, business cycles and monetary transmission," Villanova School of Business Department of Economics and Statistics Working Paper Series 61, Villanova School of Business Department of Economics and Statistics.
    35. Tian, Jing & Li, Haiwei & You, Pin, 2022. "Economic policy uncertainty, bank loan, and corporate innovation," Pacific-Basin Finance Journal, Elsevier, vol. 76(C).
    36. Chundakkadan, Radeef & Sasidharan, Subash, 2023. "The role of government support on E-commerce and firm innovation during pandemic crisis," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 904-913.
    37. Yuji Honjo & Koki Kurihara, 2023. "Graduation of initial public offering firms from junior stock markets: evidence from the Tokyo Stock Exchange," Small Business Economics, Springer, vol. 60(2), pages 813-841, February.
    38. Xiaolei Yang & Lingyun He & Sihua Tian & Yufei Xia & Deqing Wang, 2021. "Construction of China’s Green Institutional Environmental Index: Using Functional Data Analysis method," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 154(2), pages 559-582, April.
    39. Sakai, Hirotsugu, 2020. "Did financing constraints cause investment stagnation in Japan after the 1990s?," Journal of Corporate Finance, Elsevier, vol. 64(C).
    40. Song, Wei & Yang, Yibai, 2024. "Monetary policy in a Schumpeterian economy with endogenous fertility and human capital accumulation," Journal of Macroeconomics, Elsevier, vol. 80(C).
    41. Falavigna, Greta & Ippoliti, Roberto, 2023. "SMEs’ behavior under financial constraints: An empirical investigation on the legal environment and the substitution effect with tax arrears," The North American Journal of Economics and Finance, Elsevier, vol. 66(C).
    42. Ma, Xiaotian & Liu, Guanchun & Liu, Yuanyuan & He, Feng, 2025. "Government ownership of banks and corporate maturity mismatch: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 176(C).
    43. Amin, Md Ruhul & Wang, Xinyu & Aktas, Elvan, 2023. "Does oil price uncertainty affect corporate innovation?," Energy Economics, Elsevier, vol. 118(C).
    44. Chen, Hung-Ju, 2018. "Innovation and imitation in a product-cycle model with FDI and cash-in-advance constraints," Journal of Macroeconomics, Elsevier, vol. 58(C), pages 91-114.
    45. Hottenrott H. & Czarnitzki D. & Hall, B.H., 2014. "Patents as quality signals? The implications for financing constraints on R&D," MERIT Working Papers 2014-013, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    46. Ndubuisi, Gideon, 2019. "Trust and R&D Investments: Evidence from OECD Countries," MPRA Paper 97043, University Library of Munich, Germany.
    47. Z. Jun Lin & Shengqiang Liu & Fangcheng Sun, 2017. "The Impact of Financing Constraints and Agency Costs on Corporate R&D Investment: Evidence from China," International Review of Finance, International Review of Finance Ltd., vol. 17(1), pages 3-42, March.
    48. Li, Weihao & Hu, Hongbing & Hong, Zekun, 2024. "Green finance policy, ESG rating, and cost of debt——Evidence from China," International Review of Financial Analysis, Elsevier, vol. 92(C).
    49. Li, Quan & Chen, Huimin & Chen, Yang & Xiao, Tong & Wang, Li, 2023. "Digital economy, financing constraints, and corporate innovation," Pacific-Basin Finance Journal, Elsevier, vol. 80(C).
    50. Männasoo, Kadri & Meriküll, Jaanika, 2020. "Credit constraints and R&D over the boom and bust: Firm-level evidence from Central and Eastern Europe," Economic Systems, Elsevier, vol. 44(2).
    51. Zheng, Zhijie & Huang, Chien-Yu & Yang, Yibai, 2018. "Inflation and Growth: A Non-Monotonic Relationship in an Innovation-Driven Economy," MPRA Paper 84768, University Library of Munich, Germany.
    52. Kerr, William R. & Nanda, Ramana, 2015. "Financing innovation," Bank of Finland Research Discussion Papers 28/2015, Bank of Finland.
    53. Wößner, Nicole & Stiebale, Joel, 2017. "M&As, Investment and Financing Constraints," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168064, Verein für Socialpolitik / German Economic Association.
    54. Tan, Xiujie & Yan, Yaxue & Dong, Yuyang, 2022. "Peer effect in green credit induced green innovation: An empirical study from China's Green Credit Guidelines," Resources Policy, Elsevier, vol. 76(C).
    55. Tamanna Dalwai & Vincenzo Scafarto & Syeeda Shafiya Mohammadi, 2025. "National culture, institutional quality and firm R&D investment: evidence from the Asia-pacific IT industry," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 15(1), pages 29-59, March.
    56. Giau Bui, Dien & Chen, Yehning & Lin, Chih-Yung & Lin, Tse-Chun, 2021. "Risk-taking of bank CEOs and corporate innovation," Journal of International Money and Finance, Elsevier, vol. 115(C).
    57. Diewert, Erwin & Fox, Kevin J., 2019. "Money and the Measurement of Total Factor Productivity," Microeconomics.ca working papers erwin_diewert-2019-9, Vancouver School of Economics, revised 31 May 2019.
    58. Bircan, Cagatay & de Haas, R., 2015. "The Limits of Lending : Banks and Technology Adoption Across Russia," Discussion Paper 2015-011, Tilburg University, Center for Economic Research.
    59. Emanuele Campiglio & Alessandro Spiganti & Anthony Wiskich, 2023. "Clean Innovation, Heterogeneous Financing Costs, and the Optimal Climate Policy Mix," CAMA Working Papers 2023-25, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, revised May 2024.
    60. Changfei Nie & Ziyan Qi & Yuan Feng, 2024. "Intellectual property judicial protection, innovation factor input, and corporate innovation: Evidence from the establishment of intellectual property courts in China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(6), pages 4227-4239, September.
    61. Li, Junbao & Shi, Zhanzhong & He, Chengying & Lv, Chengshuang, 2023. "Peer effects on corporate R&D investment policies: A spatial panel model approach," Journal of Business Research, Elsevier, vol. 158(C).
    62. Amaresh K. Tiwari & Pierre Mohnen & Franz Palm & Sybrand Schim van der Loeff, 2014. "Microeconometric Evidence of Financing Frictions and Innovative Activity," CESifo Working Paper Series 4645, CESifo.
    63. Peia, Oana & Romelli, Davide, 2022. "Did financial frictions stifle R&D investment in Europe during the great recession?," Journal of International Money and Finance, Elsevier, vol. 120(C).
    64. Tommaso Oliviero & Sandro Rondinella & Alberto Zazzaro, 2024. "Are green firms more financially constrained? The sensitivity of investment to cash flow," CSEF Working Papers 700, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    65. Lan, Fei & Wang, Wei & Cao, Qingzi, 2020. "Tax cuts and enterprises’ R&D intensity: Evidence from a natural experiment in China," Economic Modelling, Elsevier, vol. 89(C), pages 304-314.
    66. Gil, Pedro Mazeda & Iglésias, Gustavo & Guimarães, Luís, 2023. "Endogenous growth and monetary policy: How do interest-rate feedback rules shape nominal and real transitional dynamics?," Journal of International Money and Finance, Elsevier, vol. 138(C).
    67. Marek Giebel & Kornelius Kraft, 2024. "R&D investments under financing constraints," Industry and Innovation, Taylor & Francis Journals, vol. 31(9), pages 1141-1168, October.
    68. Konstantinos Dellis, 2020. "Knowledge Diffusion and Financial Development Thresholds," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 154, Hellenic Observatory, LSE.
    69. Beck, Thorsten & Döttling, Robin & Lambert, Thomas & Van Dijk, Mathijs, 2020. "Liquidity Creation, Investment, and Growth," CEPR Discussion Papers 14956, C.E.P.R. Discussion Papers.
    70. Ruying Chen & Lanyu Wu, 2024. "Calculation and analysis of the efficiency of resource allocation for technological innovation in China," PLOS ONE, Public Library of Science, vol. 19(8), pages 1-20, August.
    71. Chu, Angus C. & Cozzi, Guido & Furukawa, Yuichi, 2013. "A Schumpeterian Analysis of Monetary Policy, Innovation and North-South Technology Transfer," Economics Working Paper Series 1319, University of St. Gallen, School of Economics and Political Science.
    72. Fei Xie & Bohui Zhang & Wenrui Zhang, 2022. "Trust, Incomplete Contracting, and Corporate Innovation," Management Science, INFORMS, vol. 68(5), pages 3419-3443, May.
    73. Pascal Aßmuth, 2018. "The Impact of Credit Rating on Innovation in a Two-Sector Evolutionary Model," Computational Economics, Springer;Society for Computational Economics, vol. 52(3), pages 839-872, October.
    74. Óscar Afonso, 2022. "Growth and wage effects of the monetary policy," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(4), pages 4058-4084, October.
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    102. Lööf, Hans & Martinsson, Gustav & Mohammadi, Ali, 2017. "Finance and Innovative Investment in Environmental Technology: The Case of Sweden," Working Paper Series in Economics and Institutions of Innovation 445, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    103. Dongmin Kong & Jialong Wang & Yanan Wang & Jian Zhang, 2022. "Language and innovation," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 49(1-2), pages 297-326, January.
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    108. El Ghoul, Sadok & Gong, Zhaoran (Jason) & Guedhami, Omrane & Hou, Fangfang & Tong, Wilson H.S., 2023. "Social trust and firm innovation," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 84(C).
    109. Brockman, Paul & Khurana, Inder K. & Zhong, Rong (Irene), 2018. "Societal trust and open innovation," Research Policy, Elsevier, vol. 47(10), pages 2048-2065.
    110. Danlin Shen & Carl R. Chen & Xinyan Yan & Zhihong Yi, 2022. "Do credit market accessibility and legal protection shape corporate innovation?," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(3), pages 719-754, September.
    111. Francesco Aiello & Graziella Bonanno & Stefania P. S. Rossi, 2020. "How firms finance innovation. Further empirics from European SMEs," Metroeconomica, Wiley Blackwell, vol. 71(4), pages 689-714, November.
    112. Stolbov, Mikhail & Shchepeleva, Maria, 2020. "What predicts the legal status of cryptocurrencies?," Economic Analysis and Policy, Elsevier, vol. 67(C), pages 273-291.
    113. Rizzo, Emanuele, 2018. "Essays on corporate governance and the impact of regulation on financial markets," Other publications TiSEM b5158260-ea13-4763-b992-6, Tilburg University, School of Economics and Management.
    114. Xun Wang & Jingwen Yu, 2023. "Accumulating human capital: Corporate innovation and firm value," International Review of Finance, International Review of Finance Ltd., vol. 23(4), pages 750-776, December.
    115. Xiao, Gang, 2013. "Legal shareholder protection and corporate R&D investment," Journal of Corporate Finance, Elsevier, vol. 23(C), pages 240-266.
    116. Peisen LIU & Yufeng XIA, 2021. "Bank Competition and Firm Innovation Output: The Role of Financing Constraints," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 171-188, December.
    117. Zhang, Qianqian & Jiang, Chunzi & Liu, Baohua & Chan, Kam C., 2024. "Small but salient: Minority shareholders’ innovation attention in interactive online platforms and corporate innovation," The North American Journal of Economics and Finance, Elsevier, vol. 69(PB).
    118. Ginesti, Gianluca & Campa, Domenico & Spano’, Rosanna & Allini, Alessandra & Maffei, Marco, 2023. "The role of CSR committee characteristics on R&D investments," International Business Review, Elsevier, vol. 32(5).
    119. Wang, Shuxun, 2021. "How does stock market liberalization influence corporate innovation? Evidence from Stock Connect scheme in China," Emerging Markets Review, Elsevier, vol. 47(C).
    120. Rong, Zhao & Zhang, Fuxin & Chen, Shi, 2023. "Short-term loans and Firms' high-quality innovation: Evidence from the access to patent-backed loans in China," China Economic Review, Elsevier, vol. 78(C).
    121. William Mbanyele, 2022. "Firms' innovation strategy under the shadow of corporate social responsibility disclosure: Evidence from China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(2), pages 339-355, March.
    122. Xiaoyang Zhu, 2023. "Financial development and declining market dynamics: Another dark side of “too much finance”?," Empirical Economics, Springer, vol. 65(1), pages 275-309, July.
    123. Chen Lin & Sibo Liu & Gustavo Manso, 2021. "Shareholder Litigation and Corporate Innovation," Management Science, INFORMS, vol. 67(6), pages 3346-3367, June.
    124. Kaoru HOSONO & Miho TAKIZAWA, 2017. "Intangible Capital and the Choice of External Financing Sources," Discussion papers 17080, Research Institute of Economy, Trade and Industry (RIETI).
    125. Muhammad Arif & Mudassar Hasan & Ahmed Shafique Joyo & Christopher Gan & Sazali Abidin, 2020. "Formal Finance Usage and Innovative SMEs: Evidence from ASEAN Countries," JRFM, MDPI, vol. 13(10), pages 1-19, September.
    126. Dongmin Kong & Chen Lin & Lai Wei & Jian Zhang, 2022. "Information Accessibility and Corporate Innovation," Management Science, INFORMS, vol. 68(11), pages 7837-7860, November.
    127. Nguyen, Justin Hung & Qiu, Buhui, 2022. "Right-to-Work laws and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 76(C).
    128. Li, Nan & Zhou, Yifan, 2024. "Can digital financial development promote corporate green technology innovation?," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 1562-1582.
    129. Liu, Duan & Qiu, Qi & Chen, Shou, 2023. "Timeliness of technological innovation and decisions of IPO timing and pricing," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 498-519.
    130. Hao, Xiangchao & Sun, Qinru & Xie, Fang, 2020. "Does foreign exchange derivatives market promote R&D? International industry-level evidence," Economic Modelling, Elsevier, vol. 91(C), pages 33-42.
    131. Zheng, Mingbo & Feng, Gen-Fu & Wang, Quan-Jing & Chang, Chun-Ping, 2023. "Financial globalization and technological innovation: International evidence," Economic Systems, Elsevier, vol. 47(1).
    132. Syed Muhammad Imran & Hafeez Ur Rehman & Rana Ejaz Ali Khan, 2020. "Effect of corruption on firm level innovation: Evidence from Pakistan," Economics and Business Letters, Oviedo University Press, vol. 9(1), pages 41-47.
    133. Liyang Wan & Yunxiao Liu & Kangjuan Lv & Ning Zhang, 2024. "Firm Innovation in Hazy Days: Chinese Evidence," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(7), pages 1923-1954, July.
    134. Liu, Shiyuan & Du, Jiang & Zhang, Weike & Tian, Xiaoli & Kou, Gang, 2021. "Innovation quantity or quality? The role of political connections," Emerging Markets Review, Elsevier, vol. 48(C).
    135. Geng, Heng & Hau, Harald & Lai, Sandy & Liu, Pengfei, 2025. "Does shareholder overlap alleviate patent holdup?," Research Policy, Elsevier, vol. 54(2).
    136. Xun Wang, 2023. "Stock market, credit market, and heterogeneous innovations," International Review of Finance, International Review of Finance Ltd., vol. 23(1), pages 103-129, March.
    137. Chan, Konan & Guo, Re-Jin J. & Wang, Yanzhi A. & Yang, Hsiao-Lin, 2022. "Organization capital and analyst coverage," Journal of Empirical Finance, Elsevier, vol. 69(C), pages 81-105.
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    139. Sosson Tadadjeu & Brice Kamguia & Ronald Djeunankan, 2023. "Access to drinking water and sanitation in developing countries: Does financial development matter?," International Review of Applied Economics, Taylor & Francis Journals, vol. 37(4), pages 457-481, July.
    140. Hossain, Ashrafee T. & Masum, Abdullah-Al & Xu, Jian, 2023. "COVID-19, a blessing in disguise for the Tech sector: Evidence from stock price crash risk," Research in International Business and Finance, Elsevier, vol. 65(C).
    141. Humphery-Jenner, Mark & Islam, Emdad & Nanda, Vikram & Rahman, Lubna, 2025. "Incentive contracting in the shadow of litigation risk: Evidence from universal demand laws," Journal of Banking & Finance, Elsevier, vol. 171(C).
    142. Dang, Tri Vi & Wang, Youan & Wang, Zigan, 2022. "The role of financial constraints in firm investment under pollution abatement regulation," Journal of Corporate Finance, Elsevier, vol. 76(C).
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    155. Cristian Barra & Nazzareno Ruggiero, 2022. "Firm innovation and local bank efficiency in Italy: Does the type of bank matter?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(4), pages 1083-1128, December.
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  5. James R. Brown & J Anthony Cookson & Rawley Heimer, 2014. "Legal Institutions, Credit Markets, and Economic Activity," Working Papers (Old Series) 1434, Federal Reserve Bank of Cleveland.

    Cited by:

    1. Dimitrova-Grajzl, Valentina & Grajzl, Peter & Guse, A. Joseph & Todd, Richard M., 2015. "Consumer credit on American Indian reservations," Economic Systems, Elsevier, vol. 39(3), pages 518-540.

Articles

  1. James R Brown & Gustav Martinsson & Christian Thomann, 2022. "Can Environmental Policy Encourage Technical Change? Emissions Taxes and R&D Investment in Polluting Firms," The Review of Financial Studies, Society for Financial Studies, vol. 35(10), pages 4518-4560.

    Cited by:

    1. Martinez Cillero, Maria & Gregori, Wildmer Daniel & Bose, Udichibarna, 2023. "Does Green Transition promote Green Innovation and Technological Acquisitions?," JRC Working Papers in Economics and Finance 2023-04, Joint Research Centre, European Commission.
    2. Zhao, Xiaomeng & Chen, Yinna & Wang, Jiaming, 2025. "Greening through finance? Based on the dual perspective of external constraints and internal governance," China Economic Review, Elsevier, vol. 91(C).
    3. Wang, Qun & Zeng, Yongliang & Zhao, Xiangfang, 2024. "What does it mean to the environment when a firm mortgages its emission rights? Evidence from corporate green investment," Economics Letters, Elsevier, vol. 244(C).
    4. Mbanyele, William & Huang, Hongyun & Muchenje, Linda T. & Zhao, Jun, 2024. "How does climate regulatory risk influence labor employment decisions? Evidence from a quasi-natural experiment," China Economic Review, Elsevier, vol. 87(C).
    5. Koetter, Michael & Noth, Felix, 2025. "Ecological preferences and the carbon intensity of corporate investment," IWH Discussion Papers 2/2025, Halle Institute for Economic Research (IWH).
    6. Zezhong Li & Qian Zhou, 2024. "Does Corporate Behavior Related to the Overseas Market Promote Enterprises’ Green Transformation?—Evidence from China," Sustainability, MDPI, vol. 16(11), pages 1-21, May.
    7. Wang, Yong & Song, Chunyang & Wang, Wenhao, 2023. "Suppliers’ decision on green innovation: A response to customers’ environmental regulation," Finance Research Letters, Elsevier, vol. 58(PA).
    8. Xiankun Deng & Qingsong Hou & Jin Shen, 2024. "Can digital transformation reduce R&D investment disruption during the top executive transition period?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(4), pages 1901-1926, June.
    9. Sisi Zheng & Shanyue Jin, 2023. "Can Enterprises in China Achieve Sustainable Development through Green Investment?," IJERPH, MDPI, vol. 20(3), pages 1-25, January.
    10. Lai, Jinming & Liu, Xin & Yuan, Lu, 2024. "Can green credit policy increase corporate pollution abatement efforts? Evidence from China," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 797-813.
    11. Yong-Jae Lee, 2025. "Steering towards future sustainability: a data-driven roadmap for eco-friendly road transport research in the European context," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 30(6), pages 1-37, August.
    12. Mbanyele, William & Muchenje, Linda Tinofirei, 2022. "Climate change exposure, risk management and corporate social responsibility: Cross-country evidence," Journal of Multinational Financial Management, Elsevier, vol. 66(C).
    13. Yu, Zhi & Wang, Qun & Zhao, Xiangfang & Zhao, Qiong, 2025. "Do female executives play a role in corporate green business philosophy?," International Review of Financial Analysis, Elsevier, vol. 99(C).
    14. Po‐Hsuan Hsu & Kai Li & Chi‐Yang Tsou, 2023. "The Pollution Premium," Journal of Finance, American Finance Association, vol. 78(3), pages 1343-1392, June.
    15. Pan, Junyu & Hunjra, Ahmed Imran & Bruna, Maria Giuseppina & Zhao, Shikuan & Bouri, Elie, 2024. "Shaping sustainability: How corporate reputation can be enhanced under climate change conditions," Finance Research Letters, Elsevier, vol. 62(PA).
    16. Wang, Jingqi & Zhang, Wei & Zou, Gaofeng & Li, Yi, 2023. "Strengthened enforcement, weakened efficiency: The effect of environmental inspection on corporate investment," Economics Letters, Elsevier, vol. 232(C).
    17. Gustav Martinsson & László Sajtos & Per Strömberg & Christian Thomann, 2024. "The Effect of Carbon Pricing on Firm Emissions: Evidence from the Swedish CO2 Tax," The Review of Financial Studies, Society for Financial Studies, vol. 37(6), pages 1848-1886.
    18. Jing, Zhongbo & Zhang, Wei & Zhao, Pengcheng & Zhao, Yang, 2025. "Environmental tax reform and corporate tax avoidance: A quasi-natural experiment on China’s environmental protection tax law," The North American Journal of Economics and Finance, Elsevier, vol. 76(C).
    19. Mahmoud Hassan & Marc Kouzez & Ji-Yong Lee & Badreddine Msolli & Hatem Rjiba, 2025. "Can increasing environmental policy stringency promote financial development? Evidence from developed economies," Annals of Operations Research, Springer, vol. 347(1), pages 197-216, April.
    20. Herweg, Fabian, 2025. "Adoption of green technology with financial friction," Finance Research Letters, Elsevier, vol. 71(C).
    21. Md Mosharraf Hossain & Lafang Wang & Jing Yu, 2024. "The reputational costs of corporate environmental underperformance: evidence from China," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 930-948, February.
    22. Tianle Yang & Zhennan Sun & Min Du & Qunyang Du & Lei Li & Fatima Shuwaikh, 2025. "The impact of the degree of coupling coordination between green finance and environmental regulations on firms’ innovation performance: evidence from China," Annals of Operations Research, Springer, vol. 347(1), pages 173-195, April.
    23. Wegener, Christoph & Kruse-Becher, Robinson & Klein, Tony, 2024. "EU ETS Market Expectations and Rational Bubbles," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302359, Verein für Socialpolitik / German Economic Association.

  2. Brown, James R. & Martinsson, Gustav & Thomann, Christian, 2021. "Government lending in a crisis," Journal of Corporate Finance, Elsevier, vol. 71(C).

    Cited by:

    1. Ling Wang, 2025. "Bank financing for SMEs in times of crisis: when “whatever-it-takes” confronts “black swans”," Small Business Economics, Springer, vol. 65(2), pages 777-812, August.
    2. Taghizadeh-Hesary, Farhad & Phoumin, Han & Rasoulinezhad, Ehsan, 2022. "COVID-19 and regional solutions for mitigating the risk of SME finance in selected ASEAN member states," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 506-525.
    3. Rehman, Obaid Ur & Wu, Kai & Liu, Jia, 2024. "COVID-19 exposure, financial flexibility, and corporate leverage adjustment," International Review of Economics & Finance, Elsevier, vol. 96(PB).
    4. David Bruce Audretsch & Martina Aronica & Maksim Belitski & Davide Caddemi & Davide Piacentino, 2025. "The impact of government financial aid and digital tools on firm survival during the COVID-19 pandemic," Small Business Economics, Springer, vol. 65(2), pages 813-836, August.
    5. Bertoni, Fabio & Colombo, Massimo G. & Quas, Anita, 2023. "The long-term effects of loan guarantees on SME performance," Journal of Corporate Finance, Elsevier, vol. 80(C).

  3. James R. Brown & Matthew T. Gustafson & Ivan T. Ivanov, 2021. "Weathering Cash Flow Shocks," Journal of Finance, American Finance Association, vol. 76(4), pages 1731-1772, August.

    Cited by:

    1. Cooperman, Harry & Duffie, Darrell & Luck, Stephan & Wang, Zachry & Yang, Yilin (David), 2022. "Bank Funding Risk, Reference Rates, and Credit Supply," Research Papers 4066, Stanford University, Graduate School of Business.
    2. Friederike Niepmann & Tim Schmidt-Eisenlohr, 2019. "Institutional Investors, the Dollar, and U.S. Credit Conditions," International Finance Discussion Papers 1246, Board of Governors of the Federal Reserve System (U.S.).
    3. Ricci, Lorenzo & Soggia, Giovanni & Trimarchi, Lorenzo, 2023. "The impact of bank lending standards on credit to firms," Journal of Banking & Finance, Elsevier, vol. 152(C).
    4. Mario Cerrato & Shengfeng Mei, 2025. "Quantitative Easing, Banks’ Funding Costs, and Credit Line Prices," Working Papers 2025_03, Business School - Economics, University of Glasgow.
    5. Akcigit, Ufuk & Chhina, Raman S. & Cilasun, Seyit Mümin & Miranda, Javier & Serrano-Velarde, Nicolas, 2025. "Credit card entrepreneurs," IWH Discussion Papers 5/2025, Halle Institute for Economic Research (IWH).
    6. Duqi, Andi & McGowan, Danny & Onali, Enrico & Torluccio, Giuseppe, 2021. "Natural disasters and economic growth: The role of banking market structure," Journal of Corporate Finance, Elsevier, vol. 71(C).
    7. Aguilar-Gomez, Sandra & Gutierrez, Emilio & Heres, David & Jaume, David & Tobal, Martin, 2024. "Thermal stress and financial distress: Extreme temperatures and firms’ loan defaults in Mexico," Journal of Development Economics, Elsevier, vol. 168(C).
    8. Hu, Weiping & Li, Kai & Zhang, Xiao, 2024. "Financial constraints, cash flow timing patterns, and asset prices," Journal of Financial Economics, Elsevier, vol. 157(C).
    9. Aydin, Deniz & Kim, Olivia S., 2024. "Precautionary Debt Capacity," EconStor Preprints 281672, ZBW - Leibniz Information Centre for Economics.
    10. William Grieser & Charles J. Hadlock & Joshua R. Pierce, 2021. "Doing good when doing well: evidence on real earnings management," Review of Accounting Studies, Springer, vol. 26(3), pages 906-932, September.
    11. Lai, Shaojie & Chen, Lihan & Wang, Qing Sophie & Anderson, Hamish, 2022. "Natural disasters, trade credit, and firm performance," Economic Modelling, Elsevier, vol. 116(C).
    12. Feldhütter, Peter & Schaefer, Stephen, 2023. "Debt dynamics and credit risk," Journal of Financial Economics, Elsevier, vol. 149(3), pages 497-535.
    13. Mario Cerrato & Hormoz Ramian & Shengfeng Mei, 2023. "European firms,Panic Borrowing and Credit Lines Drawdowns: What did we learn from the COVID-19 Shock?," Working Papers 2023_05, Business School - Economics, University of Glasgow.
    14. Braun, Alexander & Braun, Julia & Weigert, Florian, 2023. "Extreme weather risk and the cost of equity," CFR Working Papers 23-08, University of Cologne, Centre for Financial Research (CFR).
    15. Vinzenz Peters, 2025. "How Banks are Impacted by and Mediate the Economic Consequences of Natural Disasters and Climate Shocks: A Review," De Economist, Springer, vol. 173(1), pages 47-85, March.
    16. Gianmarco Bet & Francesco Dainelli & Eugenio Fabrizi, 2023. "The financial health of a company and the risk of its default: Back to the future," Papers 2302.10140, arXiv.org.
    17. Gao, Haoyu & Wen, Huiyu & Yu, Shujiaming, 2022. "Weathering information disruption: Typhoon strikes and analysts’ forecast dispersion," Finance Research Letters, Elsevier, vol. 49(C).
    18. Ivan T. Ivanov & Tom Zimmermann, 2023. "The “Privatization” of Municipal Debt," Working Paper Series WP 2023-30, Federal Reserve Bank of Chicago.
    19. Nguyen, Harvey & Pham, Anh Viet & Pham, Man Duy (Marty) & Pham, Mia Hang, 2025. "Climate change and corporate credit worthiness: International evidence," Global Finance Journal, Elsevier, vol. 64(C).
    20. Barth, James R. & Hu, Qinyou & Sickles, Robin & Sun, Yanfei & Yu, Xiaoyu, 2024. "Direct and indirect impacts of natural disasters on banks: A spatial framework," Journal of Financial Stability, Elsevier, vol. 70(C).
    21. Bakkar, Yassine, 2023. "Climate Risk and Bank Capital Structure," QBS Working Paper Series 2023/04, Queen's University Belfast, Queen's Business School.
    22. Crosignani, Matteo & Macchiavelli, Marco & Silva, André F., 2023. "Pirates without borders: The propagation of cyberattacks through firms’ supply chains," Journal of Financial Economics, Elsevier, vol. 147(2), pages 432-448.
    23. Esha Dilip Zaveri & Roberta V. Gatti & Asif M Islam, 2024. "Extreme Weather Shocks and Firms in the Middle East and North Africa," Policy Research Working Paper Series 11004, The World Bank.
    24. Huang, Xiaowei & Cheng, Ge & Zhang, Man, 2025. "Climate change risk and real estate prices—Micro evidence from coastal cities in China," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    25. Siamak Javadi & Abdullah‐Al Masum & Mohsen Aram & Ramesh P. Rao, 2023. "Climate change and corporate cash holdings: Global evidence," Financial Management, Financial Management Association International, vol. 52(2), pages 253-295, June.
    26. Jinyu Chen & Xinyu Guo & Yuan Geng & Ran Liu, 2025. "Climate risk and trade credit financing: Evidence from China," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(3), pages 2514-2535, July.
    27. Tsuruta, Daisuke, 2023. "Bank loans, trade credit, and liquidity shortages of small businesses during the global financial crisis," International Review of Financial Analysis, Elsevier, vol. 90(C).
    28. Getaneh Mihret Ayele & Fentaw Leykun Fisseha, 2024. "Does climate change affect the financial stability of Sub-Saharan African countries?," Climatic Change, Springer, vol. 177(10), pages 1-22, October.
    29. Benincasa, Emanuela & Betz, Frank & Gattini, Luca, 2024. "How do firms cope with losses from extreme weather events?," Journal of Corporate Finance, Elsevier, vol. 84(C).
    30. Pauline Avril & Gregory Levieuge & Camelia Turcu, 2023. "Do bankers want their umbrellas back when it rains? Evidence from typhoons in China," Working Papers 2023.08, International Network for Economic Research - INFER.
    31. Yan, Jingjing & Guo, Yaoqi & Wen, Fenghua, 2025. "Carbon risk and the cost of equity capital: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 99(C).
    32. Tsuruta, Daisuke, 2024. "Bank credit to SMEs in Japan: Evidence from normal times, the global financial crisis, and the COVID-19 crisis," Pacific-Basin Finance Journal, Elsevier, vol. 87(C).
    33. Simon Baumgartner & Alex Stomper & Thomas Schober & Rudolf Winter-Ebmer, 2023. "Banking on Snow: Bank Capital, Risk, and Employment," Working Papers 2023-02, Auckland University of Technology, Department of Economics.
    34. Roberta V. Gatti & Asif M Islam & Maue,Casey & Esha Dilip Zaveri, 2024. "Thirsty Business : A Global Analysis of Extreme Weather Shocks on Firms," Policy Research Working Paper Series 10923, The World Bank.
    35. Luca Benzoni & Lorenzo Garlappi & Robert Goldstein, 2023. "Incomplete Information, Debt Issuance, and the Term Structure of Credit Spreads," Management Science, INFORMS, vol. 69(7), pages 4331-4352, July.
    36. Haque, Sharjil & Varghese, Richard, 2023. "Firms’ rollover risk, capital structure and unequal exposure to aggregate shocks," Journal of Corporate Finance, Elsevier, vol. 80(C).
    37. He, Ye & Hu, Weiping & Li, Kunwang & Zhang, Xiao, 2022. "Can real options explain the impact of uncertainty on Chinese corporate investment?," Economic Modelling, Elsevier, vol. 115(C).
    38. Rauf, Asad, 2023. "Bank stability and the price of loan commitments," Journal of Financial Intermediation, Elsevier, vol. 54(C).
    39. Abedifar, Pejman & Kashizadeh, Seyed Javad & Ongena, Steven, 2024. "Flood, farms and credit: The role of branch banking in the era of climate change," Journal of Corporate Finance, Elsevier, vol. 85(C).
    40. Ho, Kung-Cheng & Yan, Cheng & Kong, Xiaoran, 2024. "The impact of climate change on credit cycles: Evidence from China's bond market," Technological Forecasting and Social Change, Elsevier, vol. 206(C).
    41. Hu, Liqin & Long, Xinyu & Li, Bin & Zheng, Qiuyan, 2025. "Climate risk and regional financial stability: Evidence from China," Finance Research Letters, Elsevier, vol. 73(C).
    42. Brown, James R. & Martinsson, Gustav & Thomann, Christian, 2021. "Government lending in a crisis," Journal of Corporate Finance, Elsevier, vol. 71(C).
    43. Daisuke Tsuruta, 2022. "Lending relationships and a corporate liquidity shortage: Evidence from the COVID‐19 shock in Japan," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3548-3567, December.
    44. Shala, Iliriana & Schumacher, Benno, 2022. "The impact of natural disasters on banks' impairment flow: Evidence from Germany," Discussion Papers 36/2022, Deutsche Bundesbank.
    45. Baxamusa, Mufaddal & Jalal, Abu, 2024. "Environmental regulations, agency costs, and firm performance," Research in International Business and Finance, Elsevier, vol. 70(PA).
    46. Dongmin Kong & Zihan Xiong & Ni Qin, 2024. "How Does Climate Risk Affect Employment Adjustment? Firm-Level Evidence From China," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 27(4), pages 655-680, December.
    47. Gabriel Chodorow-Reich & Olivier M. Darmouni & Stephan Luck & Matthew Plosser, 2020. "Bank Liquidity Provision across the Firm Size Distribution," Staff Reports 942, Federal Reserve Bank of New York.
    48. Nicholas Apergis & Iraklis Apergis, 2024. "Transition climate risks and corporate risky asset holdings: evidence from US firms," Economics and Business Letters, Oviedo University Press, vol. 13(4), pages 172-182.
    49. Qian, Xianhang & Qiu, Shanyun & Yang, Xue, 2024. "Extreme weather exposure and corporate carbon emissions management: Evidence from forty countries," Journal of Multinational Financial Management, Elsevier, vol. 75(C).
    50. Edoardo Briganti & Holt Dwyer & Ricardo Duque Gabriel & Victor Sellemi, 2025. "Breaking Down the US Employment Multiplier Using Micro-Level Data," Staff Working Papers 25-8, Bank of Canada.
    51. Assil Guizani & Hamza Nizar & Faten Lakhal & Taher Hamza & Ramzi Benkraiem, 2025. "Does climate risk vulnerability affect the value of excess cash? International evidence," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(3), pages 2662-2681, July.
    52. Liu, Xinheng & Lv, Shumei & Yang, Xin & Cao, Jie & Huang, Chuangxia, 2025. "Extreme temperature shocks and firms’ financial distress," International Review of Economics & Finance, Elsevier, vol. 98(C).
    53. Yoshiaki OGURA & Duc Giang NGUYEN & Thu Ha NGUYEN, 2022. "Floods and Loan Reallocation: New evidence," Discussion papers 22088, Research Institute of Economy, Trade and Industry (RIETI).
    54. Ivan T. Ivanov & Marco Macchiavelli & João A. C. Santos, 2022. "Bank lending networks and the propagation of natural disasters," Financial Management, Financial Management Association International, vol. 51(3), pages 903-927, September.
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    56. He, Qiyang & Qiu, Buhui, 2025. "Environmental enforcement actions and corporate green innovation," Journal of Corporate Finance, Elsevier, vol. 91(C).
    57. Flavio de Carolis & Vinzenz Peters, 2025. "European SMEs, Corporate Finance and Economic Resilience to Floods," Working Papers 832, DNB.
    58. An, Qiguang & Zheng, Lin & Wang, Shuhong, 2025. "Climate risk and banking stability in China: A dynamic analysis from the short- and long-term perspectives," Research in International Business and Finance, Elsevier, vol. 77(PA).
    59. Liang, Yuchao & Tan, Qi & Pang, Jun, 2024. "Bless or curse, how does extreme temperature shape heavy pollution companies' ESG performance?-Evidence from China," Energy Economics, Elsevier, vol. 131(C).

  4. James R. Brown & Robert E. Carpenter & Bruce C. Petersen, 2019. "The temporary shutdown decision: Lessons from the Great Recession," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 40(7), pages 772-786, October.

    Cited by:

    1. Eirik Sjåholm Knudsen & Lasse B. Lien & Bram Timmermans & Robert Wuebker, 2022. "The more things change, the more they stay the same: Demand‐side responses to economic shocks," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(5), pages 1240-1255, July.

  5. Brown, James R. & Cookson, J. Anthony & Heimer, Rawley Z., 2019. "Growing up without finance," Journal of Financial Economics, Elsevier, vol. 134(3), pages 591-616.
    See citations under working paper version above.
  6. Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2017. "What promotes R&D? Comparative evidence from around the world," Research Policy, Elsevier, vol. 46(2), pages 447-462.

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    1. Knoll, Bodo & Riedel, Nadine & Schwab, Thomas & Todtenhaupt, Maximilian & Voget, Johannes, 2021. "Cross-border effects of R&D tax incentives," Research Policy, Elsevier, vol. 50(9).
    2. Benjamin Montmartin & Marcos Herrera & Nadine Massard, 2018. "The impact of the French policy mix on business R&D: How geography matters," SciencePo Working papers Main hal-01847012, HAL.
    3. Haixia Shi & Change Shen, 2022. "Tax Competition, Capital Flow, and the Innovation Efficiency of Industrial Enterprises," Sustainability, MDPI, vol. 14(8), pages 1-12, April.
    4. Dimitrios Pontikakis & Mathieu Doussineau & Nicholas Harrap & Mark Boden, 2018. "Mobilising European Structural and Investment Funds and Horizon 2020 in support of innovation in less developed regions," JRC Research Reports JRC112442, Joint Research Centre.
    5. Tang, Jinghua & Liu, Qigui, 2024. "R&D tax incentive policy, intellectual property right protection, and corporate innovation in an emerging market," Research in International Business and Finance, Elsevier, vol. 69(C).
    6. Hu, Ruiyang & Yang, Yibai & Zheng, Zhijie, 2019. "Effects of subsidies on growth and welfare in a quality-ladder model with elastic labor," MPRA Paper 96801, University Library of Munich, Germany.
    7. Wasiluk Dorota & Białek-Jaworska Anna, 2020. "Determinants of corporate R&D expenditures: the role of taxes," Central European Economic Journal, Sciendo, vol. 7(54), pages 110-126, January.
    8. Coad, Alex & Grassano, Nicola & Hall, Bronwyn H. & Moncada-Paternò-Castello, Pietro & Vezzani, Antonio, 2019. "Innovation and industrial dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 50(C), pages 126-131.
    9. Tamanna Dalwai & Vincenzo Scafarto & Syeeda Shafiya Mohammadi, 2025. "National culture, institutional quality and firm R&D investment: evidence from the Asia-pacific IT industry," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 15(1), pages 29-59, March.
    10. Pietro Moncada-Paternò-Castello & Sara Amoroso & Michele Cincera, 2020. "Corporate R&D intensity decomposition: Different data, different results?," ULB Institutional Repository 2013/320470, ULB -- Universite Libre de Bruxelles.
    11. Pierce O’Reilly, 2018. "Tax policies for inclusive growth in a changing world," OECD Taxation Working Papers 40, OECD Publishing.
    12. Camille Loir & Bertrand Groslambert, 2023. "The impact of innovation on the profitability of the biotech industry," Economics Bulletin, AccessEcon, vol. 43(3), pages 1286-1297.
    13. Labeaga, José M. & Martínez-Ros, Ester & Sanchis, Amparo & Sanchis, Juan A., 2021. "Does persistence in using R&D tax credits help to achieve product innovations?," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    14. Basse Mama, Houdou, 2018. "Nonlinear capital market payoffs to science-led innovation," Research Policy, Elsevier, vol. 47(6), pages 1084-1095.
    15. Li, Beili & Fan, Xu & Li, Jianjiang, 2024. "Natural resource dependence and government-guided social forces participation in R&D investment: An analysis of the resource curse hypothesis," Resources Policy, Elsevier, vol. 89(C).
    16. Shuai Wang & Fayyaz Ahmad & Yanlong Li & Nabila Abid & Abbas Ali Chandio & Abdul Rehman, 2022. "The Impact of Industrial Subsidies and Enterprise Innovation on Enterprise Performance: Evidence from Listed Chinese Manufacturing Companies," Sustainability, MDPI, vol. 14(8), pages 1-17, April.
    17. Kadri Männasoo & Heili Hein, 2017. "Are R&D companies credit-constrained? Credit frictions during and post-crisis," TUT Economic Research Series 29, Department of Finance and Economics, Tallinn University of Technology.
    18. Huang, Wei & Goodell, John W. & Xia, Qing & Yuan, Shuai, 2024. "Trade credit provision and innovation: A strategic trade-off," International Review of Financial Analysis, Elsevier, vol. 94(C).
    19. Alex Coad, 2017. "Persistent heterogeneity of R&D intensities within sectors: Evidence and policy implications," JRC Working Papers on Corporate R&D and Innovation 2017-04, Joint Research Centre.
    20. Arza, Valeria & López, Emanuel, 2021. "Obstacles affecting innovation in small and medium enterprises: Quantitative analysis of the Argentinean manufacturing sector," Research Policy, Elsevier, vol. 50(9).
    21. Yabin Yu & Qian Xu, 2022. "Influencing Factors of Enterprise R&D Investment: Post-Subsidy, Sustainability, and Heterogeneity," Sustainability, MDPI, vol. 14(10), pages 1-14, May.
    22. Basse Mama, Houdou, 2018. "Innovative efficiency and stock returns: Should we care about nonlinearity?," Finance Research Letters, Elsevier, vol. 24(C), pages 81-89.
    23. Montmartin, B. & Herrera, M. & Massard, N., 2017. "R&D policy regimes in France: New evidence from spatio-temporal analysis," Working Papers 2017-06, Grenoble Applied Economics Laboratory (GAEL).
    24. Zhang, Ping & Wang, Yiru & Gao, Jieying, 2023. "Going public and innovation: Evidence from the ChiNext stock market," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 586-613.
    25. Chi, Jianxin Daniel & Su, Xunhua & Tang, Yun & Xu, Bin, 2020. "Is language an economic institution? Evidence from R&D investment," Journal of Corporate Finance, Elsevier, vol. 62(C).
    26. Pierre Courtioux & Antoine Reberioux & François Métivier, 2021. "The private return of R&D tax credit," Post-Print halshs-03182771, HAL.
    27. Emanuela Carbonara & Giuseppina Gianfreda & Enrico Santarelli & Giovanna Vallanti, 2019. "The Impact of Intellectual Property Rights on Labor Productivity: Do Constitutions Matter?," Working Papers LuissLab 19151, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    28. Yahui Chen & Changsheng Xu & Ming Yi, 2019. "Does the Belt and Road Initiative Reduce the R&D Investment of OFDI Enterprises? Evidence from China’s A-Share Listed Companies," Sustainability, MDPI, vol. 11(5), pages 1-14, March.
    29. Cortes, Felipe, 2021. "Firm opacity and the opportunity cost of cash," Journal of Corporate Finance, Elsevier, vol. 68(C).
    30. Alexeeva-Alexeev, Inna & Mazas-Perez-Oleaga, Cristina, 2024. "Do ICT firms manage R&D differently? Firm-level and macroeconomic effects on corporate R&D investment: Empirical evidence from a multi-countries context," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    31. Heili Hein & Kadri Männasoo, 2017. "Are business obstacles different for R&D companies?," TUT Economic Research Series 33, Department of Finance and Economics, Tallinn University of Technology.
    32. Viktorie Klímová & Vladimír Žítek & Maria Králová, 2020. "How Public R&D Support Affects Research Activity of Enterprises: Evidence from the Czech Republic," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(3), pages 888-907, September.
    33. Hao, Jing & Lu, Yue & Zhang, Jing & Bai, Hengyu & Wu, Ji (George), 2024. "Does provincial gambling culture affect corporate innovation? Evidence from China," Journal of Economic Behavior & Organization, Elsevier, vol. 228(C).
    34. Zhao, Shan & He, Xinming & Ma, Baichao & Zuo, Wenming, 2025. "Customer concentration, firm R&D investment and moderation effects," Journal of Business Research, Elsevier, vol. 186(C).
    35. Machokoto, Michael & Areneke, Geofry, 2020. "Does innovation and financial constraints affect the propensity to save in emerging markets?," Research in International Business and Finance, Elsevier, vol. 52(C).
    36. Stojčić, Nebojša & Srhoj, Stjepan & Coad, Alex, 2020. "Innovation procurement as capability-building: Evaluating innovation policies in eight Central and Eastern European countries," European Economic Review, Elsevier, vol. 121(C).
    37. Alvarez, Roberto & Bravo-Ortega, Claudio & Poniachik, Dan, 2023. "Understanding R&D transitions: From bottom to top?," Economic Systems, Elsevier, vol. 47(4).
    38. Gang Chen & James J. Zhang & N. David Pifer, 2019. "Corporate Governance Structure, Financial Capability, and the R&D Intensity in Chinese Sports Sector: Evidence from Listed Sports Companies," Sustainability, MDPI, vol. 11(23), pages 1-19, November.
    39. Kadri Männasoo & Heili Hein, 2017. "Capital investments and financing structure: Are R&D companies different?," TUT Economic Research Series 26, Department of Finance and Economics, Tallinn University of Technology.
    40. Peña-Martel, Devora & Díaz-Díaz, Nieves L. & Pérez-Alemán, Jerónimo & Santana-Martín, Domingo J., 2024. "Are the media drivers of R&D?," Technology in Society, Elsevier, vol. 78(C).
    41. Huang, Jian & Guo, Cheng & Yan, Siyu, 2025. "The integration of technology and finance and corporate innovation boundary," Finance Research Letters, Elsevier, vol. 78(C).
    42. Francesco Aiello & Graziella Bonanno & Stefania P. S. Rossi, 2020. "How firms finance innovation. Further empirics from European SMEs," Metroeconomica, Wiley Blackwell, vol. 71(4), pages 689-714, November.
    43. Wen, Jun & Okolo, Chukwuemeka Valentine & Ugwuoke, Ifeanyi Celestine & Kolani, Kibir, 2022. "Research on influencing factors of renewable energy, energy efficiency, on technological innovation. Does trade, investment and human capital development matter?," Energy Policy, Elsevier, vol. 160(C).
    44. Ch.-M. CHEVALIER, 2018. "Financial constraints of innovative firms and sectoral growth," Documents de Travail de l'Insee - INSEE Working Papers g2018-05, Institut National de la Statistique et des Etudes Economiques.
    45. Tse, Caleb H. & Yim, Chi Kin Bennett & Yin, Eden & Wan, Feng & Jiao, Hao, 2021. "R&D activities and innovation performance of MNE subsidiaries: The moderating effects of government support and entry mode," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    46. Weijiang Liu & Yue Bai, 2021. "An Analysis on the Influence of R&D Fiscal and Tax Subsidies on Regional Innovation Efficiency: Empirical Evidence from China," Sustainability, MDPI, vol. 13(22), pages 1-24, November.
    47. Liu, Duan & Qiu, Qi & Chen, Shou, 2023. "Timeliness of technological innovation and decisions of IPO timing and pricing," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 498-519.
    48. Nobuyuki Takashima & Yasunori Ouchida, 2020. "Quality‐improving R&D and merger policy in a differentiated duopoly: Cournot and Bertrand equilibria," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(7), pages 1338-1348, October.
    49. Angus Chu & Guido Cozzi, 2018. "Effects of Patents versus R&D subsidies on Income Inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 29, pages 68-84, July.
    50. Kafouros, Mario & Wang, Chengqi & Mavroudi, Eva & Hong, Junjie & Katsikeas, Constantine S., 2018. "Geographic dispersion and co-location in global R&D portfolios: Consequences for firm performance," Research Policy, Elsevier, vol. 47(7), pages 1243-1255.
    51. Chen, Ji & Wu, Liudan & Hao, Lili & Yu, Xiao & Streimikiene, Dalia, 2024. "Does the import of green products encourage green technology innovation? Empirical evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    52. Sha, Yezhou & Zhang, Ping & Wang, Yiru & Xu, Yifan, 2022. "Capital market opening and green innovation——Evidence from Shanghai-Hong Kong stock connect and the Shenzhen-Hong Kong stock connect," Energy Economics, Elsevier, vol. 111(C).
    53. Kamguia, Brice & Keneck-Massil, Joseph & Nvuh-Njoya, Youssouf & Tadadjeu, Sosson, 2022. "Natural resources and innovation: Is the R&D sector cursed too?," Resources Policy, Elsevier, vol. 77(C).
    54. Fu, Limin & Boehe, Dirk & Orlitzky, Marc, 2020. "Are R&D-Intensive firms also corporate social responsibility specialists? A multicountry study," Research Policy, Elsevier, vol. 49(8).
    55. Gheorghe Hurduzeu & Radu Lupu & Iulia Lupu & Adrian Cantemir Calin, 2022. "The Nexus Between Research and Development, Protection of Intellectual Property Rights and Financial Development. A European Perspectiv," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(Special16), pages 970-970, November.

  7. Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2017. "Stock markets, credit markets, and technology-led growth," Journal of Financial Intermediation, Elsevier, vol. 32(C), pages 45-59.

    Cited by:

    1. Zhuoya Du & Qian Wang, 2024. "The power of financial support in accelerating digital transformation and corporate innovation in China: evidence from banking and capital markets," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-34, December.
    2. Maghyereh, Aktham I. & Awartani, Basel, 2018. "The factors influencing the decision to list on Abu Dhabi securities exchange," Journal of Behavioral and Experimental Finance, Elsevier, vol. 19(C), pages 89-103.
    3. Tatiana Didier & Ross Levine & Ruth Llovet Montanes & Sergio L. Schmukler, 2020. "Capital Market Financing and Firm Growth," Mo.Fi.R. Working Papers 166, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    4. de Haas, Ralph & Popov, A., 2018. "Financial Development and Industrial Pollution," Discussion Paper 2018-024, Tilburg University, Center for Economic Research.
    5. Peia, Oana & Romelli, Davide, 2022. "Did financial frictions stifle R&D investment in Europe during the great recession?," Journal of International Money and Finance, Elsevier, vol. 120(C).
    6. Sadeghi, Abdorasoul & Tayebi, Seyed Komail & Roudari, Soheil, 2023. "Financial markets, inflation and growth: The impact of monetary policy under different political structures," Journal of Policy Modeling, Elsevier, vol. 45(5), pages 935-956.
    7. Zhuoya Du & Qian Wang, 2025. "Diffusion or polarization: the spatial spillover of digitalization on urban innovation," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 74(2), pages 1-33, June.
    8. Pietro Grandi & Jean Belin & Elisa Darriet & Marianne Guille, 2024. "SMEs, R &D financing, and credit shocks," Small Business Economics, Springer, vol. 63(1), pages 325-347, June.
    9. Huang, Sheng & Maharjan, Johan & Thakor, Anjan V., 2020. "Disagreement-induced CEO turnover," Journal of Financial Intermediation, Elsevier, vol. 43(C).
    10. Ahmed, Mohamed S. & Alhadab, Mohammad, 2020. "Momentum, asymmetric volatility and idiosyncratic risk-momentum relation: Does technology-sector matter?," The Quarterly Review of Economics and Finance, Elsevier, vol. 78(C), pages 355-371.
    11. Benjamin M Blau & Todd G Griffith & Ryan J Whitby, 2022. "Pharmaceutical innovation and access to financial markets," PLOS ONE, Public Library of Science, vol. 17(12), pages 1-19, December.
    12. Bimenyimana Jean-Claude & Mei-sheng Dong & Jallow Momodou Lamin, 2025. "Is the Stock Market A “Barometer” of the Economy? Based on South Africa Comprehensive Analysis," Economics, Sciendo, vol. 13(3), pages 409-427.
    13. Xiaoxiao Zhou & Xinyue Hu & Mei Duan & Licheng Peng & Xin Zhao, 2024. "Go for Economic Transformation and Development in China: Financial Development, Higher Education, and Green Technology Evolution," Evaluation Review, , vol. 48(1), pages 32-62, February.
    14. De Haas, Ralph & Popov, Alexander, 2019. "Finance and carbon emissions," Working Paper Series 2318, European Central Bank.
    15. Cavallaro, Eleonora & Villani, Ilaria, 2024. "Financial resilience, growth and risk sharing in the EU," International Economics, Elsevier, vol. 180(C).
    16. De Haas, Ralph & Popov, Alexander, 2019. "Finance and Green Growth," CEPR Discussion Papers 14012, C.E.P.R. Discussion Papers.
    17. Osman S Kiratli, 2023. "Loving globalization: High-growth enterprises and public opinion on globalization in Europe," European Union Politics, , vol. 24(2), pages 286-306, June.
    18. Böninghausen, Benjamin & Evrard, Johanne & Gati, Zakaria & Gori, Sofia & Lambert, Claudia & Legran, Daniel & Schuster, Wagner Eduardo & van Overbeek, Fons, 2025. "Should we mind the gap? An assessment of the benefits of equity markets and policy implications for Europe’s capital markets union," Occasional Paper Series 373, European Central Bank.
    19. Yang, Bao & Chou, Hsin-I. & Zhao, Jing, 2020. "Innovation or dividend payout: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 68(C), pages 180-203.
    20. Beyene, Winta & Delis, Manthos D. & de Greiff, Kathrin & Ongena, Steven, 2025. "Bond versus banks financing in the climate transition: The role of stranded-asset risk," SAFE Working Paper Series 456, Leibniz Institute for Financial Research SAFE.
    21. Hichem Saidi & Houssem Rachdi & Abdelaziz Hakimi & Khalil Alnabulsi, 2025. "Do Financial Market Openness and Stock Market Returns Drive Economic Growth in GCC Countries? New Investigation from Panel Structural Breaks," IJFS, MDPI, vol. 13(1), pages 1-18, March.
    22. Geng, Heng & Hau, Harald & Lai, Sandy & Liu, Pengfei, 2025. "Does shareholder overlap alleviate patent holdup?," Research Policy, Elsevier, vol. 54(2).
    23. Xun Wang, 2023. "Stock market, credit market, and heterogeneous innovations," International Review of Finance, International Review of Finance Ltd., vol. 23(1), pages 103-129, March.
    24. Laura Arenas & Ana Maria Gil-Lafuente, 2021. "Regime Switching in High-Tech ETFs: Idiosyncratic Volatility and Return," Mathematics, MDPI, vol. 9(7), pages 1-25, March.
    25. Yuan, Min & Chen, Wenjun & Qin, Jialiang, 2021. "Bank-based financing and catch-up innovation: A three-way interaction approach," Economics Letters, Elsevier, vol. 209(C).
    26. Drudi, Francesco & Moench, Emanuel & Holthausen, Cornelia & Weber, Pierre-François & Ferrucci, Gianluigi & Setzer, Ralph & Adao, Bernardino & Dées, Stéphane & Alogoskoufis, Spyros & Téllez, Mar Delgad, 2021. "Climate change and monetary policy in the euro area," Occasional Paper Series 271, European Central Bank.

  8. James R. Brown & J. Anthony Cookson & Rawley Z. Heimer, 2017. "Law and Finance Matter: Lessons from Externally Imposed Courts," The Review of Financial Studies, Society for Financial Studies, vol. 30(3), pages 1019-1051.

    Cited by:

    1. Bao, Kangyun & Lu, Shenghua, 2024. "Judiciary-driven finance: Quasi-experimental evidence from specialized financial adjudication institutions in China," International Review of Law and Economics, Elsevier, vol. 80(C).
    2. Alston, Eric & Crepelle, Adam & Law, Wilson & Murtazashvili, Ilia, 2021. "The chronic uncertainty of American Indian property rights," Journal of Institutional Economics, Cambridge University Press, vol. 17(3), pages 473-488, June.
    3. James R. Brown & J Anthony Cookson & Rawley Heimer, 2017. "Growing Up without Finance," Working Papers (Old Series) 1704, Federal Reserve Bank of Cleveland.
    4. Ani Ter-Mkrtchyan & Aimee L. Franklin, 2020. "Global Financial System Outcomes after 2008: A Longitudinal Comparison," Economies, MDPI, vol. 8(1), pages 1-14, March.
    5. Phelan, Gregory & Toda, Alexis Akira, 2019. "Securitized markets, international capital flows, and global welfare," Journal of Financial Economics, Elsevier, vol. 131(3), pages 571-592.
    6. Quentin Dupont & Jonathan M. Karpoff, 2020. "The Trust Triangle: Laws, Reputation, and Culture in Empirical Finance Research," Journal of Business Ethics, Springer, vol. 163(2), pages 217-238, May.
    7. Christian Dippel & Dustin Frye & Bryan Leonard, 2020. "Property Rights without Transfer Rights: A Study of Indian Land Allotment," NBER Working Papers 27479, National Bureau of Economic Research, Inc.
    8. Gerritse, Michiel, 2021. "Does trade cause detrimental specialization in developing economies? Evidence from countries south of the Suez Canal," Journal of Development Economics, Elsevier, vol. 152(C).
    9. Falavigna, G. & Ippoliti, R., 2021. "Reform policy to increase the judicial efficiency in Italy: The opportunity offered by EU post-Covid funds," Journal of Policy Modeling, Elsevier, vol. 43(5), pages 923-943.
    10. An, Jiafu & Hou, Wenxuan & Lin, Chen, 2022. "Epidemic disease and financial development," Journal of Financial Economics, Elsevier, vol. 143(1), pages 332-358.
    11. Leonardo M. Klüppel & Lamar Pierce & Jason A. Snyder, 2018. "Perspective—The Deep Historical Roots of Organization and Strategy: Traumatic Shocks, Culture, and Institutions," Organization Science, INFORMS, vol. 29(4), pages 702-721, August.
    12. Wang, Qing Sophie & Chen, Lihan & Lai, Shaojie & Anderson, Hamish D., 2024. "Judicial reform and corporate cash holdings: Evidence from the establishment of circuit courts in China," Journal of Behavioral and Experimental Finance, Elsevier, vol. 43(C).
    13. Greta Falavigna & Roberto Ippoliti, 2022. "Financial constraints, investments, and environmental strategies: An empirical analysis of judicial barriers," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2002-2018, July.
    14. Camargo, Braz & Stein, Guilherme, 2022. "Credit constraints and human capital policies," Journal of Public Economics, Elsevier, vol. 208(C).
    15. Terry L. Anderson & Dominic P. Parker, 2024. "Culture, sovereignty, and the rule of law: lessons from Indian country," Public Choice, Springer, vol. 199(3), pages 405-419, June.
    16. Pierluigi Murro & Valentina Peruzzi, 2025. "Courts, contracts, and international trade. Judicial enforcement and global value chain participation," Working Papers in Public Economics 264, Department of Economics and Law, Sapienza University of Roma.
    17. Dissanaike, Gishan & Drobetz, Wolfgang & Momtaz, Paul P. & Rocholl, Jörg, 2021. "The Economics of Law Enforcement: Quasi-Experimental Evidence from Corporate Takeover Law," Journal of Corporate Finance, Elsevier, vol. 67(C).
    18. Chen Lin & Sibo Liu & Gustavo Manso, 2021. "Shareholder Litigation and Corporate Innovation," Management Science, INFORMS, vol. 67(6), pages 3346-3367, June.
    19. Lyu, Huaili & Peng, Meng & Lin, Yanyan, 2025. "Does judicial procedure reform affect firms' access to trade credit? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
    20. Da Rin, Marco & Di Giacomo, M. & Sembenelli, A., 2018. "Corporate Income Taxation, Leverage at Entry, and the Growth of Entrepreneurial Companies," Discussion Paper 2018-055, Tilburg University, Center for Economic Research.
    21. Uzuegbunam, Ikenna, 2025. "Africa’s historic slave trades and innovation in a connected world," Journal of Business Research, Elsevier, vol. 193(C).

  9. James R. Brown & J. Anthony Cookson & Rawley Z. Heimer, 2017. "Courting Economic Development," The World Bank Economic Review, World Bank, vol. 30(Supplemen), pages 176-187.

    Cited by:

    1. Martina Whelshula & Margo Hill & S. E. Galaitsi & Benjamin Trump & Emerson Mahoney & Avi Mersky & Kelsey Poinsatte-Jones & Igor Linkov, 2021. "Native populations and the opioid crisis: forging a path to recovery," Environment Systems and Decisions, Springer, vol. 41(3), pages 334-340, September.
    2. Leonard, Bryan & Parker, Dominic P. & Anderson, Terry L., 2020. "Land quality, land rights, and indigenous poverty," Journal of Development Economics, Elsevier, vol. 143(C).

  10. Brown, James R. & Petersen, Bruce C., 2015. "Which investments do firms protect? Liquidity management and real adjustments when access to finance falls sharply," Journal of Financial Intermediation, Elsevier, vol. 24(4), pages 441-465.

    Cited by:

    1. Abdul Rashid & Noshaba Jabeen, 2018. "Financial frictions and the cash flow – external financing sensitivity: evidence from a panel of Pakistani firms," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-20, December.
    2. Michael Machokoto, 2021. "Do financial constraints really matter? A case of understudied African firms," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4670-4705, July.
    3. Hirokazu Mizobata & Hiroshi Teruyama, 2020. "Factor Adjustments and Liquidity Management: Evidence from Japan's Two Lost Decades and Financial Crises," KIER Working Papers 1043, Kyoto University, Institute of Economic Research.
    4. Sakai, Hirotsugu, 2020. "Did financing constraints cause investment stagnation in Japan after the 1990s?," Journal of Corporate Finance, Elsevier, vol. 64(C).
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    7. William B. Hankins & Anna‐Leigh Stone & Chak Hung Jack Cheng & Ching‐Wai (Jeremy) Chiu, 2020. "Corporate decision making in the presence of political uncertainty: The case of corporate cash holdings," The Financial Review, Eastern Finance Association, vol. 55(2), pages 307-337, May.
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    9. Gil, Pedro Mazeda & Iglésias, Gustavo & Guimarães, Luís, 2023. "Endogenous growth and monetary policy: How do interest-rate feedback rules shape nominal and real transitional dynamics?," Journal of International Money and Finance, Elsevier, vol. 138(C).
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    11. Efstathios Magerakis & Konstantinos Gkillas & Christos Floros & George Peppas, 2022. "Corporate R&D intensity and high cash holdings: post-crisis analysis," Operational Research, Springer, vol. 22(4), pages 3767-3808, September.
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    16. Machokoto, Michael & Gyimah, Daniel & Ntim, Collins G., 2021. "Do peer firms influence innovation?," The British Accounting Review, Elsevier, vol. 53(5).
    17. Guney, Yilmaz & Karpuz, Ahmet & Ozkan, Neslihan, 2017. "R&D investments and credit lines," Journal of Corporate Finance, Elsevier, vol. 46(C), pages 261-283.
    18. Afonso, Óscar & Sochirca, Elena & Neves, Pedro Cunha, 2025. "Robots and humans: The role of fiscal and monetary policies in an endogenous growth model," Mathematical Social Sciences, Elsevier, vol. 133(C), pages 49-59.
    19. Chang, Chong-Chuo & Tang, Hui-Wen, 2021. "Corporate cash holdings and total factor productivity – A global analysis," The North American Journal of Economics and Finance, Elsevier, vol. 55(C).
    20. Angus C. Chu & Guido Cozzi & Haichao Fan & Yuichi Furukawa, 2021. "Inflation, Unemployment, and Economic Growth in a Schumpeterian Economy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(3), pages 874-909, July.
    21. Daiki Maeda & Yuki Saito, 2020. "Effects of Monetary Policy in a Model with Cash-in-Advance Constraints on R&D and Capital Accumulation," ISER Discussion Paper 1076rr, Institute of Social and Economic Research, The University of Osaka, revised Jan 2025.
    22. Aysun, Uluc & Kabukcuoglu, Zeynep, 2019. "Interest rates, R&D investment and the distortionary effects of R&D incentives," European Economic Review, Elsevier, vol. 111(C), pages 191-210.
    23. Afonso, Oscar, 2023. "Inflation, technological-knowledge bias, and wages," Research in Economics, Elsevier, vol. 77(1), pages 91-103.
    24. Sebastiano Cattaruzzo & Agustí Segarra-Blasco & Mercedes Teruel, 2024. "Firm-level contributions to the R&D intensity distribution: evidence and policy implications," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 33(1), pages 45-65, January.
    25. Coldbeck, Beata & Ozkan, Aydin, 2018. "Comparison of adjustment speeds in target research and development and capital investment: What did the financial crisis of 2007 change?," Journal of Business Research, Elsevier, vol. 84(C), pages 1-10.
    26. Karpuz, Ahmet & Luo, Di & Xiao, Rongbing & Zhao, Huainan, 2023. "The effect of labour protection laws on the relationship between leverage and wages," Journal of Banking & Finance, Elsevier, vol. 148(C).
    27. Mario Tirelli, 2021. "On the optimal investment finance of small businesses," Small Business Economics, Springer, vol. 56(4), pages 1639-1665, April.
    28. Liu, Duan & Wang, Chen & Zhang, Hui & Yao, Shujie & Li, Zixin, 2023. "Financial market imperfections and sensitivity of cash holdings to R&D investment: Evidence from chinese listed firms," Research in International Business and Finance, Elsevier, vol. 66(C).
    29. Daiki Maeda & Yuki Saito, 2020. "Effects of Monetary Policy in a Model with Cash-in-Advance Constraints on R&D and Capital Accumulation," ISER Discussion Paper 1076r, Institute of Social and Economic Research, The University of Osaka, revised Jun 2020.
    30. Mario Tirelli, 2017. "Optimal Financial Contracts With Unobservable Investments," Departmental Working Papers of Economics - University 'Roma Tre' 0230, Department of Economics - University Roma Tre.
    31. Pedro Mazeda Gil & Gustavo Iglésias,, 2018. "Endogenous Growth and Real Effects of Monetary Policy: R&D and Physical Capital Complementarities in a Cash-in-Advance Economy," CEF.UP Working Papers 1802, Universidade do Porto, Faculdade de Economia do Porto.
    32. Yu Zhang & Rende Li & Qiaoxin Xie, 2023. "Does digital transformation promote the volatility of firms' innovation investment?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(8), pages 4350-4362, December.
    33. Alexeeva-Alexeev, Inna & Mazas-Perez-Oleaga, Cristina, 2024. "Do ICT firms manage R&D differently? Firm-level and macroeconomic effects on corporate R&D investment: Empirical evidence from a multi-countries context," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    34. Machokoto, Michael & Areneke, Geofry, 2020. "Does innovation and financial constraints affect the propensity to save in emerging markets?," Research in International Business and Finance, Elsevier, vol. 52(C).
    35. Yang, Bao & Chou, Hsin-I. & Zhao, Jing, 2020. "Innovation or dividend payout: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 68(C), pages 180-203.
    36. Francesco Aiello & Graziella Bonanno & Stefania P. S. Rossi, 2020. "How firms finance innovation. Further empirics from European SMEs," Metroeconomica, Wiley Blackwell, vol. 71(4), pages 689-714, November.
    37. Daiki Maeda & Yuki Saito, 2020. "Effects of Monetary Policy in a Model with Cash-in-Advance Constraints on R&D and Capital Accumulation," ISER Discussion Paper 1076, Institute of Social and Economic Research, The University of Osaka.
    38. Oscar Afonso & Pedro G. Lima, 2023. "Effects of monetary policy on the skill premium and the growth rate in a directed technical change model with heterogeneous cash‐in‐advance constraints," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 4020-4036, October.
    39. Oscar Afonso & Rosa Forte, 2023. "How powerful are fiscal and monetary policies in a directed technical change model with humans and robots?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 3008-3032, July.
    40. Brown, James R. & Martinsson, Gustav & Thomann, Christian, 2021. "Government lending in a crisis," Journal of Corporate Finance, Elsevier, vol. 71(C).
    41. Huang, Chien-Yu & Yang, Yibai & Zheng, Zhijie, 2018. "Monetary Policy in a Schumpeterian Growth Model with Two R&D Sectors," MPRA Paper 87462, University Library of Munich, Germany.
    42. Liu, Duan & Qiu, Qi & Chen, Shou, 2023. "Timeliness of technological innovation and decisions of IPO timing and pricing," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 498-519.
    43. Mu-Shun Wang, 2025. "The influence of corporate governance on the volatility of R&D investment: an empirical study on its relationship with firm performance," Quality & Quantity: International Journal of Methodology, Springer, vol. 59(4), pages 2991-3022, August.
    44. Liu, Duan & Li, Zhiyuan & He, Hongbo & Hou, Wenxuan, 2021. "The determinants of R&D smoothing with asset sales: Evidence from R&D-intensive firms in China," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 76-93.
    45. Afonso, Oscar & Pinho, Mafalda, 2022. "How to reverse a negative asymmetric labor productivity shock in the European Union? A directed technical change analysis with fiscal and monetary policies," Mathematical Social Sciences, Elsevier, vol. 116(C), pages 47-67.
    46. Liu, Tingli & Chen, Xiao & Yang, Songling, 2022. "Economic policy uncertainty and enterprise investment decision: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 75(C).
    47. Afonso, Oscar, 2023. "Fiscal and monetary effects on environmental quality, growth, and welfare," Research in Economics, Elsevier, vol. 77(1), pages 202-219.
    48. Caglayan, Mustafa & Machokoto, Michael, 2024. "The sensitivity of investment to internal and external funds: New emerging market evidence," Research in International Business and Finance, Elsevier, vol. 67(PB).
    49. Filippo Mezzanotti & Timothy Simcoe, 2023. "Research and/or Development? Financial Frictions and Innovation Investment," Working Papers 23-39, Center for Economic Studies, U.S. Census Bureau.
    50. Hu, Ruiyang & Yang, Yibai & Zheng, Zhijie, 2021. "Inflation, endogenous quality increment, and economic growth," Mathematical Social Sciences, Elsevier, vol. 114(C), pages 72-86.
    51. Pedro Mazeda Gil & Gustavo Iglésias, 2020. "Endogenous Growth and Real Effects of Monetary Policy: R&D and Physical Capital Complementarities," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(5), pages 1147-1197, August.
    52. Chien‐Yu Huang & Youchang Wu & Yibai Yang & Zhijie Zheng, 2023. "Monetary Policy in a Schumpeterian Growth Model with Vertical R&D Sectors," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(6), pages 1569-1607, September.
    53. Oscar Afonso, 2023. "Losers and losses of COVID-19: a directed technical change analysis with fiscal and monetary policies," Economic Change and Restructuring, Springer, vol. 56(3), pages 1777-1821, June.
    54. McKee, Eric, 2022. "Risk-shifting: Evidence from the 2007 credit crisis," The North American Journal of Economics and Finance, Elsevier, vol. 62(C).
    55. Zalewska, Anna (Ania) & Zhang, Yue, 2020. "Mutual funds' exits, financial crisis and Darwin," Journal of Corporate Finance, Elsevier, vol. 65(C).
    56. Machokoto, Michael & Areneke, Geofry & Ibrahim, Boulis Maher, 2020. "Rising corporate debt and value relevance of supply-side factors in South Africa," Journal of Business Research, Elsevier, vol. 109(C), pages 26-37.
    57. Zeynep Kabukcuoglu, 2019. "The cyclical behavior of R&D investment during the Great Recession," Empirical Economics, Springer, vol. 56(1), pages 301-323, January.
    58. Machokoto, Michael & Mahonye, Nyasha & Makate, Marshall, 2022. "Short-term financing sources in Africa: Substitutes or complements?," Research in International Business and Finance, Elsevier, vol. 60(C).

  11. Borisova, Ginka & Brown, James R., 2013. "R&D sensitivity to asset sale proceeds: New evidence on financing constraints and intangible investment," Journal of Banking & Finance, Elsevier, vol. 37(1), pages 159-173.

    Cited by:

    1. Schubert, Torben & Jäger, Angela & Türkeli, Serdar & Visentin, Fabiana, 2020. "Addressing the productivity paradox with big data: A literature review and adaptation of the CDM econometric model," MERIT Working Papers 2020-050, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Abdul Rashid & Noshaba Jabeen, 2018. "Financial frictions and the cash flow – external financing sensitivity: evidence from a panel of Pakistani firms," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-20, December.
    3. Hyuk Chung, 2017. "R&D investment, cash holdings and the financial crisis: evidence from Korean corporate data," Applied Economics, Taylor & Francis Journals, vol. 49(55), pages 5638-5650, November.
    4. Tatiana Didier & Ross Levine & Ruth Llovet Montanes & Sergio L. Schmukler, 2020. "Capital Market Financing and Firm Growth," Mo.Fi.R. Working Papers 166, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    5. Oscar Mauricio Valencia-Arana & Jose Eduardo Gomez-Gonzalez & AndrÔøΩs Garcia-Suaza, 2017. "Young Innovative Firms, Investment-Cash Flow Sensitivities and Technological Misallocation," Documentos de Trabajo 15638, Universidad del Rosario.
    6. Falavigna, Greta & Ippoliti, Roberto, 2023. "SMEs’ behavior under financial constraints: An empirical investigation on the legal environment and the substitution effect with tax arrears," The North American Journal of Economics and Finance, Elsevier, vol. 66(C).
    7. Qian Wang & Duowen Wu & Lina Yan, 2021. "Effect of positive tone in MD&A disclosure on capital structure adjustment speed: evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(4), pages 5809-5845, December.
    8. Lorenzo Bencivelli & Beniamino Pisicoli, 2021. "Foreign investors and target firms’ financial structure: cavalry or locusts?," Temi di discussione (Economic working papers) 1327, Bank of Italy, Economic Research and International Relations Area.
    9. Safaa Alsmadi & Ahmad Alkhataybeh & Mohammad Ziad Shakhatreh, 2022. "Corporate cash holdings and disclosure violations: an empirical investigation of Jordanian listed companies," Journal of Islamic Accounting and Business Research, Emerald Group Publishing Limited, vol. 13(3), pages 568-580, January.
    10. Bostan, Ibrahim & Spatareanu, Mariana, 2018. "Financing innovation through minority acquisitions," International Review of Economics & Finance, Elsevier, vol. 57(C), pages 418-432.
    11. Brown, James R. & Petersen, Bruce C., 2015. "Which investments do firms protect? Liquidity management and real adjustments when access to finance falls sharply," Journal of Financial Intermediation, Elsevier, vol. 24(4), pages 441-465.
    12. Ziqin Yu & Xiang Xiao, 2022. "Shadow banking contraction and innovation efficiency of tech-based SMEs-based on the implementation of China’s New Asset Management Regulation," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(2), pages 251-275, June.
    13. Efstathios Magerakis & Konstantinos Gkillas & Christos Floros & George Peppas, 2022. "Corporate R&D intensity and high cash holdings: post-crisis analysis," Operational Research, Springer, vol. 22(4), pages 3767-3808, September.
    14. Carboni, Oliviero A., 2017. "The effect of public support on investment and R&D: An empirical evaluation on European manufacturing firms," Technological Forecasting and Social Change, Elsevier, vol. 117(C), pages 282-295.
    15. Mathias Lé & Frédéric Vinas, 2020. "The Financing of Investment: Firm Size, Asset Tangibility and the Size of Investment," Working papers 777, Banque de France.
    16. Lööf , Hans & Nabavi, Pardis, 2014. "Innovation and credit constraints: Evidence from Swedish exporting firms," Working Paper Series in Economics and Institutions of Innovation 387, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    17. Machokoto, Michael & Gyimah, Daniel & Ntim, Collins G., 2021. "Do peer firms influence innovation?," The British Accounting Review, Elsevier, vol. 53(5).
    18. Langzi Chen & Zhihong Chen & Jian Li, 2019. "Can Trade Credit Maintain Sustainable R&D Investment of SMEs?—Evidence from China," Sustainability, MDPI, vol. 11(3), pages 1-16, February.
    19. Alfranseder, Emanuel & Dzhamalova, Valeriia, 2014. "The Impact of the Financial Crisis on Innovation and Growth: Evidence from Technology Research and Development," Knut Wicksell Working Paper Series 2014/8, Lund University, Knut Wicksell Centre for Financial Studies.
    20. Nemlioglu, Ilayda & Mallick, Sushanta, 2021. "Effective innovation via better management of firms: The role of leverage in times of crisis," Research Policy, Elsevier, vol. 50(7).
    21. Edmans, Alex & Mann, William, 2013. "Financing Through Asset Sales," CEPR Discussion Papers 9720, C.E.P.R. Discussion Papers.
    22. Pham, Ly Thi Minh & Vo, Lai Van & Le, Huong Thi Thu & Le, Danh Vinh, 2018. "Asset liquidity and firm innovation," International Review of Financial Analysis, Elsevier, vol. 58(C), pages 225-234.
    23. Stephen J. Terry, 2015. "The Macro Impact of Short-Termism," Discussion Papers 15-022, Stanford Institute for Economic Policy Research.
    24. Ke Ding & Helian Xu & Rongming Yang, 2021. "Taxation and Enterprise Innovation: Evidence from China’s Value-Added Tax Reform," Sustainability, MDPI, vol. 13(10), pages 1-20, May.
    25. Greta Falavigna & Roberto Ippoliti, 2022. "Financial constraints, investments, and environmental strategies: An empirical analysis of judicial barriers," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2002-2018, July.
    26. Liu, Duan & Jiang, Yuntian & Zhou, Qianzhen & Yao, Shujie, 2023. "R&D investment management and ambidextrous technological innovation: Evidence from Chinese listed firms," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 843-860.
    27. Dolores Gallardo-Vázquez & Luis Enrique Valdez-Juárez & José Luis Lizcano-Álvarez, 2019. "Corporate Social Responsibility and Intellectual Capital: Sources of Competitiveness and Legitimacy in Organizations’ Management Practices," Sustainability, MDPI, vol. 11(20), pages 1-29, October.
    28. Bettina Becker, 2013. "The Determinants of R&D Investment: A Survey of the Empirical Research," Discussion Paper Series 2013_09, Department of Economics, Loughborough University, revised Sep 2013.
    29. Calabrese, G.G. & Falavigna, G. & Ippoliti, R., 2024. "Financial constraints prediction to lead socio-economic development: An application of neural networks to the Italian market," Socio-Economic Planning Sciences, Elsevier, vol. 95(C).
    30. Chen, Shenglan & Lin, Bingxuan & Lu, Rui & Ma, Hui, 2016. "Pay for accounting performance and R&D investment: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 142-153.
    31. Yano, Go & Shiraishi, Maho, 2020. "Finance, institutions, and innovation activities in China," Economic Systems, Elsevier, vol. 44(4).
    32. Ilayda Nemlioglu & Sushanta K. Mallick, 2017. "Do Managerial Practices Matter in Innovation and Firm Performance Relations? New Evidence from the UK," European Financial Management, European Financial Management Association, vol. 23(5), pages 1016-1061, October.
    33. Mario Tirelli, 2021. "On the optimal investment finance of small businesses," Small Business Economics, Springer, vol. 56(4), pages 1639-1665, April.
    34. Machokoto, Michael & Tanveer, Umair & Ishaq, Shamaila & Areneke, Geofry, 2021. "Decreasing investment-cash flow sensitivity: Further UK evidence," Finance Research Letters, Elsevier, vol. 38(C).
    35. Andrea Szalavetz, 2016. "Post‐crisis developments in global value chains - example of foreign investors’ Hungarian subsidiaries," IWE Working Papers 219, Institute for World Economics - Centre for Economic and Regional Studies.
    36. Mario Tirelli, 2017. "Optimal Financial Contracts With Unobservable Investments," Departmental Working Papers of Economics - University 'Roma Tre' 0230, Department of Economics - University Roma Tre.
    37. Bencivelli, Lorenzo & Pisicoli, Beniamino, 2022. "Foreign investors and target firms’ financial structure," International Economics, Elsevier, vol. 169(C), pages 230-251.
    38. Machokoto, Michael & Areneke, Geofry, 2020. "Does innovation and financial constraints affect the propensity to save in emerging markets?," Research in International Business and Finance, Elsevier, vol. 52(C).
    39. Langzi Chen & Jian Li & Peter Zander, 2018. "Can Political Connections Maintain the Sustainability of R&D Investment in China? There Is No Such Thing as a Free Lunch," Sustainability, MDPI, vol. 10(11), pages 1-19, November.
    40. Yang, Bao & Chou, Hsin-I. & Zhao, Jing, 2020. "Innovation or dividend payout: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 68(C), pages 180-203.
    41. Antonelli, Cristiano & Orsatti, Gianluca & Pialli, Guido, 2023. "Out of Equilibrium and Intangible Assets," Department of Economics and Statistics Cognetti de Martiis. Working Papers 202323, University of Turin.
    42. Bilicka, Katarzyna, 2020. "Are financing constraints binding for investment? Evidence from a natural experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 618-640.
    43. Vithessonthi, Chaiporn & Racela, Olimpia C., 2016. "Short- and long-run effects of internationalization and R&D intensity on firm performance," Journal of Multinational Financial Management, Elsevier, vol. 34(C), pages 28-45.
    44. Alfredo M. Bobillo & J.A. Rodríguez‐Sanz & F. Tejerina‐Gaite, 2018. "Corporate governance drivers of firm innovation capacity," Review of International Economics, Wiley Blackwell, vol. 26(3), pages 721-741, August.
    45. Mario Tirelli & Luca Spinesi, 2021. "R&D financing and growth," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 30(1), pages 24-47, January.
    46. Fatematuz Tamanna Ahamed & Muhammad Nurul Houqe & Tony van Zijl, 2023. "Meta‐analysis of the impact of financial constraints on firm performance," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(2), pages 1671-1707, June.
    47. Aron Berg & Pehr-Johan Norbäck & Lars Persson, 2017. "Cross-border mergers & acquisitions with financially constrained owners," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 153(3), pages 433-456, August.
    48. Nejadmalayeri, Ali & Usman, Adam, 2022. "Real asset liquidity, cash holdings, and the cost of corporate debt," Global Finance Journal, Elsevier, vol. 53(C).
    49. Zhang, Haiyan & Lu, Fangwen & Wang, Dehua, 2024. "Delayed tax rebates, cash flow, and corporate spending: A quasi-experiment from China," China Economic Review, Elsevier, vol. 85(C).
    50. Nguyen, Giang & Vu, Le, 2018. "Asset sales and subsequent acquisitions," International Review of Financial Analysis, Elsevier, vol. 60(C), pages 87-97.
    51. Zhang, Dongyang & Guo, Yumei, 2019. "Financing R&D in Chinese private firms: Business associations or political connection?," Economic Modelling, Elsevier, vol. 79(C), pages 247-261.
    52. Mavis, Christos P. & McNamee, Nathan P. & Petmezas, Dimitris & Travlos, Nickolaos G., 2020. "Selling to buy: Asset sales and acquisitions," Journal of Corporate Finance, Elsevier, vol. 62(C).
    53. Yuan, Liuchuang & Jiang, Jinglu & Mu, Congming & Chen, Tuyue, 2023. "Dynamic liquidity management with asymmetric adjustment costs," Finance Research Letters, Elsevier, vol. 58(PA).
    54. Xu, Gang & Yano, Go, 2017. "How does anti-corruption affect corporate innovation? Evidence from recent anti-corruption efforts in China," Journal of Comparative Economics, Elsevier, vol. 45(3), pages 498-519.
    55. Nemlioglu, Ilayda & Mallick, Sushanta K., 2020. "Do innovation-intensive firms mitigate their valuation uncertainty during bad times?," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 913-940.
    56. Narayan, Paresh Kumar & Narayan, Seema, 2021. "Do opinion polls on government preference influence stock returns?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 30(C).
    57. Narayan, Paresh Kumar & Narayan, Seema & Tran, Vuong Thao & Thuraisamy, Kannan, 2021. "State-level politics: Do they influence corporate investment decisions?," International Review of Financial Analysis, Elsevier, vol. 74(C).
    58. Machokoto, Michael & Chipeta, Chimwemwe & Ibeji, Ngozi, 2021. "The institutional determinants of peer effects on corporate cash holdings," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 73(C).
    59. Wei Huang & Mahnoor Sattar, 2021. "Corporate finance policies, subsidies and R&D: Evidence from China," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3875-3891, July.
    60. Cristiano Antonelli & Gianluca Orsatti & Guido Pialli, 2023. "The knowledge-intensive direction of technological change," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 13(1), pages 1-27, March.
    61. Emmanuel Adu‐Ameyaw & Albert Danso & Moshfique Uddin & Samuel Acheampong, 2024. "Investment‐cash flow sensitivity: Evidence from investment in identifiable intangible and tangible assets activities," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 1179-1204, April.
    62. Mu-Shun Wang, 2025. "The influence of corporate governance on the volatility of R&D investment: an empirical study on its relationship with firm performance," Quality & Quantity: International Journal of Methodology, Springer, vol. 59(4), pages 2991-3022, August.
    63. Liu, Duan & Li, Zhiyuan & He, Hongbo & Hou, Wenxuan, 2021. "The determinants of R&D smoothing with asset sales: Evidence from R&D-intensive firms in China," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 76-93.
    64. Lai Van Vo & Huong Thi Thu Le & Danh Vinh Le & Minh Tuan Phung & Yi-Hsien Wang & Fu-Ju Yang, 2017. "Customer satisfaction and corporate investment policies," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 18(2), pages 202-223, March.
    65. Usman, Adam, 2022. "Cash holdings and real asset liquidity," International Review of Financial Analysis, Elsevier, vol. 83(C).
    66. Gabriele Beccari & Francesco Marchionne & Beniamino Pisicoli, 2022. "Alternative financing and investment in intangibles: evidence from Italian firms," Mo.Fi.R. Working Papers 174, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    67. Namryoung Lee & Jaehong Lee, 2019. "R & D Intensity and Dividend Policy: Evidence from South Korea’s Biotech Firms," Sustainability, MDPI, vol. 11(18), pages 1-21, September.
    68. Xu, Lingling & Zhong, Huijie, 2024. "Identification of high- and new-technology enterprises, supplier relationship and technological innovation: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 94(C).
    69. Machokoto, Michael & Areneke, Geofry & Ibrahim, Boulis Maher, 2020. "Rising corporate debt and value relevance of supply-side factors in South Africa," Journal of Business Research, Elsevier, vol. 109(C), pages 26-37.
    70. Emmanuel Adu‐Ameyaw & Albert Danso & Linda Hickson, 2022. "Growth opportunity and investment policy: The role of managerial incentives," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3634-3646, December.

  12. James R. Brown & Gustav Martinsson & Bruce C. Petersen, 2013. "Law, Stock Markets, and Innovation," Journal of Finance, American Finance Association, vol. 68(4), pages 1517-1549, August.
    See citations under working paper version above.
  13. Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2012. "Do financing constraints matter for R&D?," European Economic Review, Elsevier, vol. 56(8), pages 1512-1529.
    See citations under working paper version above.
  14. Brown, James R. & Floros, Ioannis V., 2012. "Access to private equity and real firm activity: Evidence from PIPEs," Journal of Corporate Finance, Elsevier, vol. 18(1), pages 151-165.

    Cited by:

    1. Ewa Kopczynska & Joao J. Ferreira, 2020. "Smart Specialization as a New Strategic Framework: Innovative and Competitive Capacity in European Context," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(2), pages 530-557, June.
    2. Tatiana Didier & Ross Levine & Ruth Llovet Montanes & Sergio L. Schmukler, 2020. "Capital Market Financing and Firm Growth," Mo.Fi.R. Working Papers 166, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    3. Ioannis V. Floros & Nandu J. Nagarajan & Shiva Sivaramakrishnan, 2020. "The certification role of insider participation in PIPEs," Review of Quantitative Finance and Accounting, Springer, vol. 54(4), pages 1417-1447, May.
    4. Bostan, Ibrahim & Spatareanu, Mariana, 2018. "Financing innovation through minority acquisitions," International Review of Economics & Finance, Elsevier, vol. 57(C), pages 418-432.
    5. Nakajima, Kan & Sasaki, Takafumi, 2016. "Bank dependence and corporate propensity to save," Pacific-Basin Finance Journal, Elsevier, vol. 36(C), pages 150-165.
    6. Knyazeva, Anzhela, 2019. "Financial innovation in microcap public offerings," Journal of Banking & Finance, Elsevier, vol. 100(C), pages 283-305.
    7. Au Yong, Hue Hwa & Brown, Christine & Ho, Choy Yeing (Chloe) & Shekhar, Chander, 2024. "Equity in capital raising? Empirical evidence from structured private placements," Journal of Banking & Finance, Elsevier, vol. 159(C).
    8. Ziyang Li & Qianwei Ying & Wu Yan & Chenjun Fan, 2022. "Does just‐in‐time adoption have an impact on corporate innovation: evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(S1), pages 1599-1635, April.
    9. Miller, Steph & HOFFER, ADAM & Wille, David, 2016. "Small-Business Financing after the Financial Crisis: Lessons from the Literature," Working Papers 07306, George Mason University, Mercatus Center.
    10. Hsu, Ching-Yu & Chen, Sheng-Syan & Huang, Chia-Wei, 2021. "Board independence and PIPE offerings," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 478-500.
    11. Paul Lavery & Marina Spaliara & Holger Görg, 2024. "Private equity buyouts & firm exporting in crisis periods: Exploring a new channel," Working Papers 2024_09, Business School - Economics, University of Glasgow.
    12. Bettina Becker, 2013. "The Determinants of R&D Investment: A Survey of the Empirical Research," Discussion Paper Series 2013_09, Department of Economics, Loughborough University, revised Sep 2013.
    13. Zhou, Yacheng & Huo, Weidong & Bo, Lan & Chen, Xiaoxian, 2023. "Impact and mechanism analysis of ESG ratings on the efficiency of green technology innovation," Finance Research Letters, Elsevier, vol. 58(PD).
    14. Styliani Panetsidou & Angelos Synapis, 2025. "Equity financing during the Covid-19 economic downturn," Review of Quantitative Finance and Accounting, Springer, vol. 64(3), pages 1391-1430, April.
    15. Andriosopoulos, Dimitris & Panetsidou, Styliani, 2021. "A global analysis of Private Investments in Public Equity," Journal of Corporate Finance, Elsevier, vol. 69(C).
    16. John, Kose & Mateti, Ravi S. & Vasudevan, Gopala & Amira, Khaled, 2016. "Investor protection and firm value: Evidence from PIPE offerings," Journal of Financial Stability, Elsevier, vol. 26(C), pages 78-89.
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    1. Zhang, Xiang & Zhou, Han, 2022. "The effect of market competition on corporate cash holdings: An analysis of corporate innovation and financial constraint," International Review of Financial Analysis, Elsevier, vol. 82(C).
    2. Zhang, Rongrong, 2024. "Strategic interactions and the sensitivity of cash savings to stock price," The Quarterly Review of Economics and Finance, Elsevier, vol. 97(C).
    3. Wei-Fong Pan, 2019. "Geopolitical Risk and R&D investment," Economics Discussion Papers em-dp2019-11, Department of Economics, University of Reading.
    4. Koussis, Nicos & Martzoukos, Spiros H. & Trigeorgis, Lenos, 2017. "Corporate liquidity and dividend policy under uncertainty," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 221-235.
    5. Nguyen, Quyen T.K. & Almodóvar, Paloma, 2018. "Export intensity of foreign subsidiaries of multinational enterprises: The role of trade finance availability," International Business Review, Elsevier, vol. 27(1), pages 231-245.
    6. Chen, Minjia & Guariglia, Alessandra, 2013. "Internal financial constraints and firm productivity in China: Do liquidity and export behavior make a difference?," Journal of Comparative Economics, Elsevier, vol. 41(4), pages 1123-1140.
    7. Aysun, Uluc & Jeon, Kiyoung & Kabukcuoglu, Zeynep, 2018. "Is the credit channel alive? Firm-level evidence on the sensitivity of borrowing spreads to monetary policy," Economic Modelling, Elsevier, vol. 75(C), pages 305-319.
    8. Abdoh, Hussein, 2023. "Rivals risk-taking incentives and firm corporate policy," The Quarterly Review of Economics and Finance, Elsevier, vol. 90(C), pages 106-123.
    9. Chase P. Ross & Landon J. Ross & Sharon Y. Ross, 2022. "Cash-Hedged Stock Returns," Working Papers 22-03, Office of Financial Research, US Department of the Treasury.
    10. Curtis, Chadwick C. & Garín, Julio & Saif Mehkari, M., 2017. "Inflation and the evolution of firm-level liquid assets," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 24-35.
    11. Hyuk Chung, 2017. "R&D investment, cash holdings and the financial crisis: evidence from Korean corporate data," Applied Economics, Taylor & Francis Journals, vol. 49(55), pages 5638-5650, November.
    12. Fengfei Li & Tse‐Chun Lin, 2022. "Innovative firms’ cash holdings, tax policies, and institutional environments," Financial Management, Financial Management Association International, vol. 51(3), pages 869-902, September.
    13. Winston Wei Dou & Yan Ji & David Reibstein & Wei Wu, 2021. "Inalienable Customer Capital, Corporate Liquidity, and Stock Returns," Journal of Finance, American Finance Association, vol. 76(1), pages 211-265, February.
    14. Schmid, Thomas & Achleitner, Ann-Kristin & Ampenberger, Markus & Kaserer, Christoph, 2014. "Family firms and R&D behavior – New evidence from a large-scale survey," Research Policy, Elsevier, vol. 43(1), pages 233-244.
    15. Christopher F. Baum & Mustafa Caglayan & Oleksandr Talavera, 2013. "The Effects of Future Capital Investment and R&D Expenditures on Firms' Liquidity," Review of International Economics, Wiley Blackwell, vol. 21(3), pages 459-474, August.
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    22. Maurizio Rocca & Raffaele Staglianò & Tiziana Rocca & Alfio Cariola & Ekaterina Skatova, 2019. "Cash holdings and SME performance in Europe: the role of firm-specific and macroeconomic moderators," Small Business Economics, Springer, vol. 53(4), pages 1051-1078, December.
    23. Oscar Mauricio Valencia-Arana & Jose Eduardo Gomez-Gonzalez & AndrÔøΩs Garcia-Suaza, 2017. "Young Innovative Firms, Investment-Cash Flow Sensitivities and Technological Misallocation," Documentos de Trabajo 15638, Universidad del Rosario.
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    34. Khanh Hoang, 2022. "How does corporate R&D investment respond to climate policy uncertainty? Evidence from heavy emitter firms in the United States," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(4), pages 936-949, July.
    35. Chase P. Ross & Landon J. Ross, 2022. "Cash-Hedged Stock Returns," Finance and Economics Discussion Series 2022-055, Board of Governors of the Federal Reserve System (U.S.).
    36. Z. Jun Lin & Shengqiang Liu & Fangcheng Sun, 2017. "The Impact of Financing Constraints and Agency Costs on Corporate R&D Investment: Evidence from China," International Review of Finance, International Review of Finance Ltd., vol. 17(1), pages 3-42, March.
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    38. Li, Quan & Chen, Huimin & Chen, Yang & Xiao, Tong & Wang, Li, 2023. "Digital economy, financing constraints, and corporate innovation," Pacific-Basin Finance Journal, Elsevier, vol. 80(C).
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    41. Mar𨁂el鮠Lozano & Simone Caltabiano, 2015. "Cross institutional cash and dividend policies: focusing on Brazilian firms," Applied Economics, Taylor & Francis Journals, vol. 47(3), pages 239-254, January.
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    48. William B. Hankins & Anna‐Leigh Stone & Chak Hung Jack Cheng & Ching‐Wai (Jeremy) Chiu, 2020. "Corporate decision making in the presence of political uncertainty: The case of corporate cash holdings," The Financial Review, Eastern Finance Association, vol. 55(2), pages 307-337, May.
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  16. Brown, James R. & Petersen, Bruce C., 2010. "Public entrants, public equity finance and creative destruction," Journal of Banking & Finance, Elsevier, vol. 34(5), pages 1077-1088, May.

    Cited by:

    1. Nakajima, Kan & Sasaki, Takafumi, 2016. "Bank dependence and corporate propensity to save," Pacific-Basin Finance Journal, Elsevier, vol. 36(C), pages 150-165.
    2. Miller, Steph & HOFFER, ADAM & Wille, David, 2016. "Small-Business Financing after the Financial Crisis: Lessons from the Literature," Working Papers 07306, George Mason University, Mercatus Center.
    3. Jingyuan Yang & Ling Wang & Ziyuan Sun & Fangming Zhu & Yihui Guo & Yan Shen, 2021. "Impact of Monetary Policy Uncertainty on R&D Investment Smoothing Behavior of Pharmaceutical Manufacturing Enterprises: Empirical Research Based on a Threshold Regression Model," IJERPH, MDPI, vol. 18(21), pages 1-17, November.
    4. Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2015. "Law, Stock Markets, and Innovation," Working Paper Series in Economics and Institutions of Innovation 393, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    5. Koussis, Nicos & Martzoukos, Spiros H. & Trigeorgis, Lenos, 2013. "Multi-stage product development with exploration, value-enhancing, preemptive and innovation options," Journal of Banking & Finance, Elsevier, vol. 37(1), pages 174-190.
    6. Beladi, Hamid & Deng, Jie & Hu, May, 2021. "Cash flow uncertainty, financial constraints and R&D investment," International Review of Financial Analysis, Elsevier, vol. 76(C).
    7. Moutinho, Ricardo & Au-Yong-Oliveira, Manuel & Coelho, Arnaldo & Manso, José Pires, 2015. "Beyond the “Innovation's Black-Box”: Translating R&D outlays into employment and economic growth," Socio-Economic Planning Sciences, Elsevier, vol. 50(C), pages 45-58.
    8. Sasaki, Takafumi, 2016. "Financial cash flows and research and development investment," Pacific-Basin Finance Journal, Elsevier, vol. 39(C), pages 1-15.
    9. Brown, James R. & Petersen, Bruce C., 2011. "Cash holdings and R&D smoothing," Journal of Corporate Finance, Elsevier, vol. 17(3), pages 694-709, June.

  17. Brown, James R. & Petersen, Bruce C., 2009. "Why has the investment-cash flow sensitivity declined so sharply? Rising R&D and equity market developments," Journal of Banking & Finance, Elsevier, vol. 33(5), pages 971-984, May.

    Cited by:

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  19. James R. Brown & Dino Falaschetti & Michael J. Orlando, 2009. "Auditor Independence and the Quality of Information in Financial Disclosures: Evidence for Market Discipline versus Sarbanes--Oxley Proscriptions," American Law and Economics Review, American Law and Economics Association, vol. 12(1), pages 39-68.

    Cited by:

    1. Ojo, Marianne, 2009. "Regulating the International Audit Market and the removal of barriers to entry: The provision of non audit services by audit firms and the 2006 Statutory Audit Directive," MPRA Paper 18624, University Library of Munich, Germany.
    2. Muhammed Yassin Rahahle, 2017. "Extent of Compliance with Code of Ethics and its Impact on Internal Audit Effectiveness," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(4), pages 40-61, October.

  20. James R. Brown, 2005. "Venture Capital and Firm Performance Over the Long-Run: Evidence from High-Tech IPOs in the United States," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 10(3), pages 1-33, Fall.

    Cited by:

    1. Saade, Samer, 2015. "Investor sentiment and the underperformance of technology firms initial public offerings," Research in International Business and Finance, Elsevier, vol. 34(C), pages 205-232.
    2. Ervin L. Black & F. Greg Burton & Peter M. Johnson, 2009. "Qualitative Factors as Determinants of Continued Success:An Examination of eBusiness Entrepreneurial Firms Using the NewVenture Template," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 13(2), pages 76-102, Fall.
    3. Elmar Gerum & Sascha H. Mölls & Chunqian Shen, 2018. "Corporate governance, capital market orientation and firm performance: empirical evidence for large publicly traded German corporations," Journal of Business Economics, Springer, vol. 88(2), pages 203-252, February.
    4. Aldatmaz, Serdar & Celikyurt, Ugur, 2023. "The effect of venture capital backing on innovation in newly public firms," Journal of Empirical Finance, Elsevier, vol. 74(C).
    5. Elhem Ben Fatma & Ezzeddine Ben Mohamed & Léo-Paul Dana & Sami Boudabbous, 2021. "Does entrepreneurs’ psychology affect their business venture success? Empirical findings from North Africa," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 921-962, June.
    6. Carolin Eckinger & M.W.J.L. Sanders, 2019. "User Innovation and Business Incubation," Working Papers 19-16, Utrecht School of Economics.

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