Abstract
This paper explores why finance constraints may impact upon the inter firm diffusion of new technology, incorporates these arguments in a hazard rate formulation of a diffusion model and then estimates that model using data relating to the adoption of CNC machine tools in the UK. The results indicate that financial constraints can be a significant factor in the diffusion process.
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Canepa, A., Stoneman, P. (2005). Financing Constraints in the Inter Firm Diffusion of New Process Technologies. In: Link, A.N., Scherer, F.M. (eds) Essays in Honor of Edwin Mansfield. Springer, Boston, MA. https://doi.org/10.1007/0-387-25022-0_19
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DOI: https://doi.org/10.1007/0-387-25022-0_19
Publisher Name: Springer, Boston, MA
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