Demmou, Lilas; Franco, Guido; Stefanescu, Irina - 2020
looking at the role of intangible assets. It argues that due to their specific characteristics, such as valuation uncertainty … and lower pledgeability, financing the purchase of intangible assets is more difficult than that of tangible assets. As a …, several indices to capture financial frictions at the firm level and a new measure of intangible intensity at the industry …