Feldman, Naomi; Kawano, Laura; Patel, Elena; Rao, Nirupama - 2018
, we investigate the differential investment propensities of public and private firms. Re-weighting the data to generate …, particularly in R&D. Exploiting within-firm variation in public status, we find that firms dedicate more of their investment to R … greater investment, on average, particularly in risky, uncollateralized investments …