ELKEMALI, Taoufik; BEN REJEB, Aymen; MATOUSSI, Hamadi - Volkswirtschaftliche Fakultät, … - 2013
This paper examines whether research and development (R&D) intensity affects the firm’s financing decisions. We use a sample of European firms in the period 2002-2011. We argue that R&D asset has three fundamentals characteristics that make it different from ordinary investment and constrain...