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We investigate how intangible capital in form of intellectual property, such as patents, might mitigate financing constraints. While scholars have already argued that patents might have a signalling value reducing information asymmetries between borrowers and lenders, we quantify the value of...
Persistent link: https://www.econbiz.de/10013348849
We investigate how intangible capital in form of intellectual property, such as patents, might mitigate financing constraints. While scholars have already argued that patents might have a signalling value reducing information asymmetries between borrowers and lenders, we quantify the value of...
Persistent link: https://www.econbiz.de/10013346735
During the last 20 years, R&D and innovation activities in the service sector have clearly increased. Especially business services are believed to be one of the main drivers of technical changes and economic progress. Looking at the labour indices calculated over the period from 1982 to 1996 one...
Persistent link: https://www.econbiz.de/10010297716
During the last 20 years, R&D and innovation activities in the service sector have clearly increased. Especially business services are believed to be one of the main drivers of technical changes and economic progress. Looking at the labour indices calculated over the period from 1982 to 1996 one...
Persistent link: https://www.econbiz.de/10011445015
During the last 20 years, R&D and innovation activities in the service sector have clearly increased. Especially business services are believed to be one of the main drivers of technical changes and economic progress. Looking at the labour indices calculated over the period from 1982 to 1996 one...
Persistent link: https://www.econbiz.de/10014067846
During the last 20 years, R&D and innovation activities in the service sector have clearly increased. Especially business services are believed to be one of the main drivers of technical changes and economic progress. Looking at the labour indices calculated over the period from 1982 to 1996 one...
Persistent link: https://www.econbiz.de/10005098421
The real options investment theory shows that greater uncertainty about market revenues reduces current R&D investment … market uncertainty on R&D investment. …
Persistent link: https://www.econbiz.de/10003359656
Real options investment theory predicts current investment falls as uncertainty about market returns increases. In the … mitigate firm-specific uncertainty and stimulate current R&D investment. Our empirical results support both the prediction of …
Persistent link: https://www.econbiz.de/10003671163
Persistent link: https://www.econbiz.de/10009160722
The real options investment theory shows that greater uncertainty about market revenues reduces current Ramp … market uncertainty on Ramp;D investment …
Persistent link: https://www.econbiz.de/10012726942