Recent evidence suggests that private firms in the United Kingdom rely heavily on debt financing, have leverage ratios significantly higher than their public counterparts, and their access to external sources of capital remains limited. We extend these findings by examining the implications of...

There is compelling evidence from both the United States and United Kingdom suggesting that Ramp;D investment is positively related to operating and/or market performance. This study extends prior research on Ramp;D and valuation by further examining the sustainability or persistence of...

There is compelling evidence from both the United States and United Kingdom suggesting that R&D investment is positively related to operating and/or market performance. This study extends prior research on R&D and valuation by further examining the sustainability or persistence of operating...