TY  - EJOU
AU  - Galindo-Martín, G. Miguel-Ángel
AU  - Castaño-Martínez, C. María-Soledad
AU  - Méndez-Picazo, M. María-Teresa
TI  - Relationship between Cash Flow, Bank Credit, Taxes, and Innovation
T2  - Journal of Business Accounting and Finance Perspectives

PY  - 2020
VL  - 2
IS  - 1
SN  - 2603-7475

AB  - 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.
KW  - Credit
KW  - taxes
KW  - cash flow
KW  - entrepreneurship
KW  - innovation
DO  - 10.35995/jbafp2010003