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DOI Prefix 10.20431 |
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Impact of Financing Sources on Innovation and Firm Productivity: Evidence from South Asia
Ms. Fatima Amin1*, Dr. M. Nasrin Sulthana2
2. Assistant Professor Fbms - Gulf College Oman, Sultanate of Oman.
Citation : Fatima Amin, M. Nasrin Sulthana, Impact of Financing Sources on Innovation and Firm Productivity: Evidence from South Asia International Journal of Managerial Studies and Research 2019 , 7(7) : 7-13.
The purpose of this study is to examine the impact of financing source and its accessibility on the innovation and performance of firms. We have explored these relationships in the developing nations of South Asian region with 1504 firms of Bangladesh, 934 firms of Pakistan and 609 firms of Sri Lanka. World Bank Innovation Climate Surveys (enterprise surveys) for the manufacturing firms has used for the analysis. We used biprobit model for estimating the impact of financing sources and its accessibility on innovation. CobbDouglas model has been used to identify the impact of financing sources and its accessibility on firm's innovation and performance.