Full Article: PDF
Scientific Object Identifier: http://s-o-i.org/1.1/TAS-01-105-22
DOI: https://dx.doi.org/10.15863/TAS.2022.01.105.22
Language: English
Citation: Jubanova, B. (2022). The Effects of Financing Channels on Enterprise Innovation. ISJ Theoretical & Applied Science, 01 (105), 358-363. Soi: http://s-o-i.org/1.1/TAS-01-105-22 Doi: https://dx.doi.org/10.15863/TAS.2022.01.105.22 |
Pages: 358-363
Published: 30.01.2022
Abstract: This article does an theoretical examination of the effects of funding channels on innovation and the regulatory effects of the company life cycle, The findings indicate that government subsidies, tax favors, self-owned funds, and equity financing all provide considerable positive incentives for firm innovation, but their intensity gradually diminishes with time, whereas bank loans act as a hindrance to enterprise innovation. The effects of various financing channels on enterprise innovation vary according to the stage of the enterprise's life cycle, and overall performance deteriorates as the life cycle progresses.
Key words: financing channel; enterprise innovation; life cycle; financial subsidy; tax preference; self-owned funds.
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