Sources of Innovation Financing under Conditions of Variable Monetary Policy Parameters

Autor:	Konrad Szydłowski
Rok vydání:	2019
Předmět:	Variable (computer science) Interest rate volatility Financial instrument Phenomenon Capital (economics) media_common.quotation_subject Monetary policy Economics Interest rate channel Monetary economics Interest rate media_common
Zdroj:	Studia Prawno-Ekonomiczne. 110
ISSN:	2450-8179 0081-6841
DOI:	10.26485/spe/2019/110/15
Popis:	The article presents the problem of the influence of monetary policy on decisions concerning sources of innovation financing in enterprises. The analysis focused on the impulses emitted through the interest rate channel and the structure of sources of innovation financing. The results of the analysis indicate the important role of monetary policy in shaping the structure of sources of innovation financing. The result of interest rate volatility was the variable use of each financial instrument. Moreover, it was confirmed that the increase in interest rate lowers the level of corporate debt, and thus entices entrepreneurs to seek alternative sources of capital. This phenomenon is particularly evident in the area of innovation financing.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::34bbc79e124b994d5058c87b9c78c07c https://doi.org/10.26485/spe/2019/110/15 Zobrazit plný text záznamu