Financial Constraints, Innovation, and Productivity

dc.contributor.advisorHailu, Getu
dc.contributor.authorRaymond, Joseph
dc.date.accessioned2019-08-21T19:58:40Z
dc.date.available2019-08-21T19:58:40Z
dc.date.copyright2019-08
dc.date.created2019-08-12
dc.date.issued2019-08-21
dc.degree.departmentDepartment of Food, Agricultural and Resource Economicsen_US
dc.degree.grantorUniversity of Guelphen_US
dc.degree.nameMaster of Scienceen_US
dc.degree.programmeFood, Agriculture and Resource Economicsen_US
dc.description.abstractThis thesis examines the relationships between financial constraints, innovation, and labour productivity among firms in eastern Europe and central Asia. To analyse the impact of financial constraint on firm-level innovation, this thesis follows the theoretical framework laid out by Gorodnichenko and Schnitzer (2013). Furthermore, using a multivariate probit model, financial constraints were found to decrease the likelihood of a firm introducing product, process, and production license innovations. The results also suggest that product, process, organizational, and production license innovation are complementary to each other (i.e., firms tend to introduce them together). The existence of complementarity among innovations may make it more difficult for financially constrained firms to successfully innovate. Findings also suggest that organizational and product innovations are at least positively correlated with firm labour productivity.en_US
dc.description.sponsorshipOntario Agri-Food Innovation Alliance
dc.identifier.urihttp://hdl.handle.net/10214/16931
dc.language.isoenen_US
dc.publisherUniversity of Guelphen_US
dc.rights.licenseAll items in the Atrium are protected by copyright with all rights reserved unless otherwise indicated.
dc.subjectFinanceen_US
dc.subjectInnovationen_US
dc.subjectProductivityen_US
dc.subjectFinancialen_US
dc.subjectConstrainten_US
dc.titleFinancial Constraints, Innovation, and Productivityen_US
dc.typeThesisen_US

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