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Keywords: Internal finance
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Journal Articles
Financial structure and innovation: firm-level evidence from Africa
Available to Purchase
Journal:
Asian Review of Accounting
Asian Review of Accounting (2025) 33 (2): 189–222.
Published: 02 September 2024
.... A total of 3,664 firms from 11 African countries are included. Findings The authors find a financially constrained and low technology-intensive firm that uses internal finance more than its peers is less likely to innovate. Our results also show that a firm that uses new equity and debt finance more...
