Czarnitzki, Dirk; Hall, Bronwyn H.; Hottenrott, Hanna - Düsseldorf Institute for Competition Economics (DICE), … - 2014
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
