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. The motivation for using market value equation to price knowledge assets is discusssed and the theory behind this equation … is briefly presented. Then the empirical literature that relates Tobin's q to R&D and patent measures is surveyed and new … corporation is strongly related to its knowledge assets, and that the patent measures contain information about this value above …
Persistent link: https://www.econbiz.de/10005413048
, especially in the area of technological innovation and international competition has been hotly debated in the recent past. The …
Persistent link: https://www.econbiz.de/10005413030
Persistent link: https://www.econbiz.de/10002424657
Persistent link: https://www.econbiz.de/10012885662
Evidence on the "funding gap" for R&D is surveyed. The focus is on financial market reasons for underinvestment in R&D that persist even in the absence of externality-induced underinvestment. The conclusions are that 1) small and new innovative firms experience high costs of capital that are...
Persistent link: https://www.econbiz.de/10005134931