Journal of Business Accounting and Finance Perspectives

(ISSN: 2603-7475) Open Access Journal
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Journal of Business Accounting and Finance Perspectives is no longer published on JAMS (MDPI publishing platform) as of 10.07.2021. Articles remain hosted at jbafp.jams.pub by courtesy of JAMS and upon agreement with the journal owner until the publications are transferred to a new website.
JBAFP 2020, 2(1), 3; doi: 10.35995/jbafp2010003

Relationship between Cash Flow, Bank Credit, Taxes, and Innovation

Received: 27 Aug 2019 / Accepted: 7 Feb 2020 / Published: 11 Feb 2020
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Abstract

Specialized literature has centered on analyzing the relationship between the entrepreneur and innovation, since the former is considered to be a driver for innovation. However, there are other factors that can influence innovation that should be considered: business cash flow, because it uses its own resources to innovate; bank credit, the possibility of accessing external financing; and taxes, which account for a reduction in businesses’ cash flow when they increase. The objective of this article is to analyze the existing relationship between these factors and innovation and the latter with growth. To achieve this, an empirical study has been carried out using a Partial Least Square (PLS) estimation with eleven European countries.
Keywords: Credit; taxes; cash flow; entrepreneurship; innovation
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).
CITE
Galindo-Martín, M.-Á.; Castaño-Martínez, M.-S.; Méndez-Picazo, M.-T. Relationship between Cash Flow, Bank Credit, Taxes, and Innovation. JBAFP 2020, 2, 3.
Galindo-Martín M-Á, Castaño-Martínez M-S, Méndez-Picazo M-T. Relationship between Cash Flow, Bank Credit, Taxes, and Innovation. Journal of Business Accounting and Finance Perspectives. 2020; 2(1):3.
Galindo-Martín, Miguel-Ángel; Castaño-Martínez, María-Soledad; Méndez-Picazo, María-Teresa. 2020. "Relationship between Cash Flow, Bank Credit, Taxes, and Innovation." JBAFP 2, no. 1: 3.
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