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Journals / Yönetim ve Ekonomi Araştırmaları Dergisi / 2026 / Cilt: 21 Sayı: 1

DOES BETTER ACCESS TO FINANCE LEAD TO HIGHER INNOVATION?

Havva Gültekin(TRAKYA ÜNİVERSİTESİ)0000-0002-3157-4635
Ayşegül İşcanoğlu Çekiç(TRAKYA UNIVERSITY)0000-0003-0692-7870
Pages
25–39
Publication Date
2023-03-31
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The estimation results show that loans have a negative and statistically significant effect on R&D expenditures.

📌 3 Key Takeaways

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Objective & Hypothesis:This study mainly focuses on the impact of various financing channels on corporate innovations.
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Key Findings & Data:The study covers 18 Turkis h companies traded in Istanbul Stock Exchange with the highest R&D expenditures of the year 2019.
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Conclusion & Impact:The estimation results show that loans have a negative and statistically significant effect on R&D expenditures.
🔬Design:Research Article
📍Scope:2019 Verileri
⚙️Variables:Innovation · R&D · Financing Sources.

Abstract

This study mainly focuses on the impact of various financing channels on corporate innovations. For this purpose, three kinds of external financing sources and two kinds of internal financing sources are considered. The study covers 18 Turkis h companies traded in Istanbul Stock Exchange with the highest R&D expenditures of the year 2019. The analyzes are carried out using dynamic panel data analysis. The estimation results show that loans have a negative and statistically significant effect on R&D expenditures. Moreover, according to the findings, there is no statistically significant effect of internal financing on R&D expenditures. The results of the study provide valuable information on how companies finance innovation processes.

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Cite This Article

Gültekin, H., Çekiç, A. İ. (2023). DOES BETTER ACCESS TO FINANCE LEAD TO HIGHER INNOVATION?. Yönetim ve Ekonomi Araştırmaları Dergisi, Cilt: 21 Sayı: 1, 25–39. https://doi.org/10.11611/yead.1127874

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References (2)

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  2. Audretsch, D.B., Link, A.N. and Scott, J.T.(2002) Public/Private Technology Partnerships: Evaluating Sbir-Supported Research. Research Policy, 31, 145–158.