What is the interaction between competition, R&D investments, and the financing choices of R&D-intensive firms …? Motivated by existing theories, we hypothesize that as competition increases, R&D-intensive firms will: (1) increase R …&D investment relative to assets-in-place that support existing products; (2) carry more cash; and (3) maintain less net debt. We …

The interaction between product market competition, R&D investment, and the financing choices of R&D-intensive firms on … interaction, we develop a model which predicts that as competition increases, R&D-intensive firms will: (1) increase R …&D investment relative to assets in place that support existing products; (2) carry more cash; and (3) maintain less net debt. Using …

) enables firms to alter the allocation of R&D and soften R&D competition. In particular, it induces firms to focus R&D on their …

This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to …

&D investment and their product market activities. Firstly, we find that in Cournot-quantity competition, owners strategically … compared to R&D competition, which in turn leads to increased R&D investment, reduced product prices and increased profits. …

In a two-country model of endogenous growth with international knowledge spillover, corporate income tax competition … the corporate income tax competition can be excessively high or low, depending on the elasticity of the spillover effect …