Sources of Innovation Financing under Conditions of Variable Monetary Policy Parameters

Authors

  • Konrad Szydłowski Dr, Uniwersytet Warmińsko-Mazurski w Olsztynie, Wydział Nauk Ekonomicznych, KatedraFinansów i Bankowości, Poland

DOI:

https://doi.org/10.26485/SPE/2019/110/15

Keywords:

monetary policy, sources of innovation financing

Abstract

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.

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Published

2019-06-15

How to Cite

Szydłowski, K. (2019). Sources of Innovation Financing under Conditions of Variable Monetary Policy Parameters. Studia Prawno-Ekonomiczne, 110, 273–286. https://doi.org/10.26485/SPE/2019/110/15

Issue

Section

ARTICLES - THE ECONOMICS