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In this paper we analyze the access to credit of innovative firms on the price and non-price dimensions of bank lending … in innovative processes. Further, innovative firms have a lower probability of being credit rationed than their non …
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Traditionally, the cost of debt is seen as solely dependent on firm or debt characteristics. However, a firm's cost of debt might also be impacted by the informational environment, thereby offering a link between security transparency, asset pricing, and corporate finance. This paper measures...
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