Financial Needs for a Competitive Business Model in the Knowledge Society

摘要: This paper investigates the constraints for companies to innovate in order be competitive knowledge society. Using a large and original data set of Catalan firms, authors have conducted micro econometric analysis following Henry et al.’s (1999) investment model von Kalckreuth (2004) methodology empirically contrasting relationship between firms’ spread over time their financial structure. Results show that it exits positive significant shift structure, emerging more innovative firms. Furthermore, these are higher firms within knowledge-advanced services’ industry. Finally, find advanced ICT uses by allow them reduce access sources finance.