Capital control, debt financing and innovative activity
نویسندگان
چکیده
منابع مشابه
Capital Control, Debt Financing and Innovative Activity
The present paper first discusses theoretically the different incentives of managerversus owner-controlled firms for investment into innovative activity. In addition, the role of debt financing is analyzed. Subsequently the results from an empirical study on the determinants of innovative activity measured by patent applications are presented. A sample of German firms covering 2,793 observation...
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Countries need short, medium, and long-term investment plans for production growth and development. Different sources for these investments can be supplied through retained profit, stock issuance, and bank loans, or a combination them. Institutions and firms need huge amount of capitals for their survival, production, and also development of activities. In addition, these institutions and firms...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2009
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2009.03.017