Authors

Title

Country(ies)

Years

Data Sources

Sample

Dependent Variable

Independent variable

Econometric model

Canepa & Stoneman (2003)

Financial Constraints On Innovation: A European Cross Country Study

15 European Countries

1994-1996

Community Innovation Survey 2

Not Mentioned

Stage of Innovation

Obstacles to Innovation

Logit

Galia & Legros (2004)

Complementaries between obstacles to innovation: Evidence from France

France

1994-1996

Community Innovation Survey 2

1772 Firms

Obstacles to Innovation

Internal R & D, External R & D

Multivariate Probit

Mohnen

et al. (2008)

Financial constraints and other obstacles: are they a threat to innovation activity?

Netherlands

2000-2002

Community Innovation Survey 3.5

3456 Firms

Stage of Innovation

Obstacles to Innovation

Probit with Sample Selection

Paunov

(2012)

The global crisis and firms’ investments in innovation

Latin America

2008-2009

Survey Under OECD Development Centre

1223 Firms

Innovation Stop

Access to External Finance

Probit

Segarra-Blasco et al. (2018)

Financial constraints and the failure of innovation projects

Spain

2004-2010

PITEC

4882 Firms

Abandon Innovation Project

Financial Barriers R & D Intensity

Recursive Bivariate Probit