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We study the financing of R&D and innovation expenditures of French defence firms at the end of a period characterised …. Improving their financing may induce an increasing of their R&D and innovation expenditures. JEL: L60, L64, G32, O3 …
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This paper provides a better understanding of the negative impact of R&D-to-sales ratio on bank debt financing by exploring whether it can be related to the type of R&D firms are involved in. Using a large panel of French firms, we show that this negative impact is mainly due to the more risky...
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risk to firm innovation and productivity …
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