Marcus Illmeyer|Dietmar Grosch|Maria Kittler|Pamela Priess
The impact of financial management on innovation
Pan-European University|Pan-European University|Pan-European University|Pan-European University
current competitive market innovation become crucial element organizations willing growfinancial management regard playing significant role improving firms innovation capacitythis research paper evaluates impact financial management components innovativeness austrian smesusing data 118 employees 41 smes operating austria research finds significant impact financial management model firms innovationthe three components liquidity controlling financial literacy statistically significant explaining innovativeness 1 levelthe study suggests focus three financial management constructs order improve innovation capability capacity