Showing 1 - 10 of 14,218
Persistent link: https://www.econbiz.de/10015065830
Persistent link: https://www.econbiz.de/10010420008
Persistent link: https://www.econbiz.de/10001229794
This paper uses firm level data to show how R&D investment responds to shocks in sales growth in credit constrained … that in financially constrained firms sales growth is positively associated with R&D investment, suggesting procyclical … behavior of R&D investment in credit constrained firms. In contrast, we find that in firms with no financial constraints R …
Persistent link: https://www.econbiz.de/10013159233
Persistent link: https://www.econbiz.de/10003487850
Persistent link: https://www.econbiz.de/10009161631
The demand for durable goods is more cyclical than that for nondurable goods and services. Consequently, the cash flow and stock returns of durable-good producers are exposed to higher systematic risk. Using the NIPA input-output tables, we construct portfolios of durable-good, nondurable-good,...
Persistent link: https://www.econbiz.de/10003449724
Persistent link: https://www.econbiz.de/10011927137
Persistent link: https://www.econbiz.de/10011861957
Persistent link: https://www.econbiz.de/10013494275