We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the … detected by merely estimating single-equation models for R&D intensity and debt financing. -- Innovation financing ; capital …

We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the … detected by merely estimating single-equation models for R&D intensity and debt financing. -- innovation financing ; capital …

Financial theory creates a puzzle. Some authors argue that high-risk entrepreneurs choose debt contracts instead of … microeconometric evidence on the determinants of debt and equity financing in young and innovative SMEs. We pay special attention to …

The provision of venture debt financing to growth-oriented startups which are backed by venture capital (VC) equity has … lays out the hurdles for debt to overcome to be a viable source of finance and casts the three types of venture debt … innovation. Finally, the paper addresses the risks implied by venture debt and discusses whether the demise of Silicon Valley …