Analysing the roles of CEO's financial literacy and financial constraints on Spanish SMEs technological innovation
Drawing on human capital and upper echelons theories, this study analyses how CEO's financial literacy influences a firm's technological innovation and investigates the mediating role of alleviating financial constraints of Small and Medium-sized Enterprises (SMEs) in the former relationsh...
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| Veröffentlicht in: | Technology in society 2021-02, Vol.64, p.101519, Article 101519 |
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| creator | García-Pérez-de-Lema, Domingo Ruiz-Palomo, Daniel Diéguez-Soto, Julio |
| description | Drawing on human capital and upper echelons theories, this study analyses how CEO's financial literacy influences a firm's technological innovation and investigates the mediating role of alleviating financial constraints of Small and Medium-sized Enterprises (SMEs) in the former relationship. We develop and test hypotheses applying a Structural Equation Model to a sample of 310 Spanish SMEs. The results show that CEO's financial literacy exerts both a direct and an indirect impact, through alleviating financial constraints, on a firm's technological innovation.
[Display omitted]
•CEO's financial literacy alleviates SMEs' financial constraints.•CEO's financial literacy provokes greater innovation capabilities in SMEs.•Relaxing Financial Constraints helps Technological Innovation in SMEs.•Relaxing Financial Constraints mediates in the relationship between financial literacy and Technological Innovation in SMEs. |
| doi_str_mv | 10.1016/j.techsoc.2020.101519 |
| format | Article |
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[Display omitted]
•CEO's financial literacy alleviates SMEs' financial constraints.•CEO's financial literacy provokes greater innovation capabilities in SMEs.•Relaxing Financial Constraints helps Technological Innovation in SMEs.•Relaxing Financial Constraints mediates in the relationship between financial literacy and Technological Innovation in SMEs.</description><identifier>ISSN: 0160-791X</identifier><identifier>EISSN: 1879-3274</identifier><identifier>DOI: 10.1016/j.techsoc.2020.101519</identifier><language>eng</language><publisher>Oxford: Elsevier Ltd</publisher><subject>Chief executives ; Constraints ; Financial constraints ; Financial literacy ; Human capital ; Innovations ; Literacy ; Multivariate statistical analysis ; Small & medium sized enterprises-SME ; Small business ; SMEs ; Structural equation modeling ; Technological change ; Technological innovation</subject><ispartof>Technology in society, 2021-02, Vol.64, p.101519, Article 101519</ispartof><rights>2020 Elsevier Ltd</rights><rights>Copyright Elsevier Science Ltd. Feb 2021</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c337t-43c29548755da941eda7222685def4a919c538f1e4c0822a87184a1b81bfd7e53</citedby><cites>FETCH-LOGICAL-c337t-43c29548755da941eda7222685def4a919c538f1e4c0822a87184a1b81bfd7e53</cites><orcidid>0000-0001-6951-4630 ; 0000-0003-4404-8017 ; 0000-0001-5116-5604</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/j.techsoc.2020.101519$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,780,784,3550,27924,27925,33774,45995</link.rule.ids></links><search><creatorcontrib>García-Pérez-de-Lema, Domingo</creatorcontrib><creatorcontrib>Ruiz-Palomo, Daniel</creatorcontrib><creatorcontrib>Diéguez-Soto, Julio</creatorcontrib><title>Analysing the roles of CEO's financial literacy and financial constraints on Spanish SMEs technological innovation</title><title>Technology in society</title><description>Drawing on human capital and upper echelons theories, this study analyses how CEO's financial literacy influences a firm's technological innovation and investigates the mediating role of alleviating financial constraints of Small and Medium-sized Enterprises (SMEs) in the former relationship. We develop and test hypotheses applying a Structural Equation Model to a sample of 310 Spanish SMEs. The results show that CEO's financial literacy exerts both a direct and an indirect impact, through alleviating financial constraints, on a firm's technological innovation.
[Display omitted]
•CEO's financial literacy alleviates SMEs' financial constraints.•CEO's financial literacy provokes greater innovation capabilities in SMEs.•Relaxing Financial Constraints helps Technological Innovation in SMEs.•Relaxing Financial Constraints mediates in the relationship between financial literacy and Technological Innovation in SMEs.</description><subject>Chief executives</subject><subject>Constraints</subject><subject>Financial constraints</subject><subject>Financial literacy</subject><subject>Human capital</subject><subject>Innovations</subject><subject>Literacy</subject><subject>Multivariate statistical analysis</subject><subject>Small & medium sized enterprises-SME</subject><subject>Small business</subject><subject>SMEs</subject><subject>Structural equation modeling</subject><subject>Technological change</subject><subject>Technological innovation</subject><issn>0160-791X</issn><issn>1879-3274</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><sourceid>BHHNA</sourceid><recordid>eNqFkE1LAzEYhIMoWKs_QQh48LQ1n93sSUqpH1DpoQreQprNtlnWpCZpof_e1O3Bm6cXhpnhnQeAW4xGGOHxQztKRm-i1yOCyK_GcXUGBliUVUFJyc7BIPtQUVb48xJcxdgihChlYgDCxKnuEK1bw7QxMPjOROgbOJ0t7iNsrFNOW9XBziYTlD5A5eo_svYupqCsSznl4HKrnI0buHybRXh8yvnOr63OTuuc36tkvbsGF43qork53SH4eJq9T1-K-eL5dTqZF5rSMhWMalJxJkrOa1UxbGpVEkLGgtemYarCleZUNNgwjQQhSpRYMIVXAq-aujScDsFd37sN_ntnYpKt34U8N0rCOSYcZT7ZxXuXDj7GYBq5DfZLhYPESB7xylae8MojXtnjzbnHPmfyhL01QUZtjdOmtsHoJGtv_2n4AfQzhq8</recordid><startdate>202102</startdate><enddate>202102</enddate><creator>García-Pérez-de-Lema, Domingo</creator><creator>Ruiz-Palomo, Daniel</creator><creator>Diéguez-Soto, Julio</creator><general>Elsevier Ltd</general><general>Elsevier Science Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7SC</scope><scope>7U4</scope><scope>8BJ</scope><scope>8FD</scope><scope>BHHNA</scope><scope>DWI</scope><scope>F28</scope><scope>FQK</scope><scope>FR3</scope><scope>JBE</scope><scope>JQ2</scope><scope>L7M</scope><scope>L~C</scope><scope>L~D</scope><scope>WZK</scope><orcidid>https://orcid.org/0000-0001-6951-4630</orcidid><orcidid>https://orcid.org/0000-0003-4404-8017</orcidid><orcidid>https://orcid.org/0000-0001-5116-5604</orcidid></search><sort><creationdate>202102</creationdate><title>Analysing the roles of CEO's financial literacy and financial constraints on Spanish SMEs technological innovation</title><author>García-Pérez-de-Lema, Domingo ; 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We develop and test hypotheses applying a Structural Equation Model to a sample of 310 Spanish SMEs. The results show that CEO's financial literacy exerts both a direct and an indirect impact, through alleviating financial constraints, on a firm's technological innovation.
[Display omitted]
•CEO's financial literacy alleviates SMEs' financial constraints.•CEO's financial literacy provokes greater innovation capabilities in SMEs.•Relaxing Financial Constraints helps Technological Innovation in SMEs.•Relaxing Financial Constraints mediates in the relationship between financial literacy and Technological Innovation in SMEs.</abstract><cop>Oxford</cop><pub>Elsevier Ltd</pub><doi>10.1016/j.techsoc.2020.101519</doi><orcidid>https://orcid.org/0000-0001-6951-4630</orcidid><orcidid>https://orcid.org/0000-0003-4404-8017</orcidid><orcidid>https://orcid.org/0000-0001-5116-5604</orcidid></addata></record> |
| fulltext | fulltext |
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| ispartof | Technology in society, 2021-02, Vol.64, p.101519, Article 101519 |
| issn | 0160-791X 1879-3274 |
| language | eng |
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| source | Sociological Abstracts; Access via ScienceDirect (Elsevier) |
| subjects | Chief executives Constraints Financial constraints Financial literacy Human capital Innovations Literacy Multivariate statistical analysis Small & medium sized enterprises-SME Small business SMEs Structural equation modeling Technological change Technological innovation |
| title | Analysing the roles of CEO's financial literacy and financial constraints on Spanish SMEs technological innovation |
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