This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use … instrument to control for endogeneity, we find that a higher equity ratio is conducive to more R&D for young but not for old … companies. Equity may be a constraining factor for young companies which have to rely on the original equity investment of their …

This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use … instrument to control for endogeneity, we find that a higher equity ratio is conducive to more R&D for young but not for old … companies. Equity may be a constraining factor for young companies which have to rely on the original equity investment of their …

This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use … instrument to control for endogeneity, we find that a higher equity ratio is conducive to more R&D for young but not for old … companies. Equity may be a constraining factor for young companies which have to rely on the original equity investment of their …

in one company (SNWI). Exposure to idiosyncratic risk increases cost of equity capital since higher equity returns are …

empirically analyzes the importance of equity in this field. We find that equity issues are considered highly important in … accepted equity principles. Our econometric analysis shows a strong influence of the economic or emission performance of the … agents’ country on the importance of equity issues and principles: (i) Equity issues are seen as more important by …

(SNWI). Exposure to idiosyncratic risk increases the cost of equity capital, since higher equity returns are required as …

(SNWI). Exposure to idiosyncratic risk increases the cost of equity capital, since higher equity returns are required as …