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Does Internal Finance Matter for R&D? New Evidence from a Panel of Italian Firms

Ughetto, Elisa - 2015

This paper investigates the relationship between finance and R&D for a panel of more than 1000 Italian manufacturing firms. While Italian firms obtain a significant share of their financing from debt, the results from a unique survey show that firms use virtually no debt to finance R&D. Because...

Persistent link: https://www.econbiz.de/10014213153