Debt financing and R&D investments
Our model shows that firm's debt-equity ratio decreases with R&D investment returns, firms' R&D specialization degree, and internal funds availability. Our basic hypothesis is that firms specialized in R&D assimilate faster than others their R&D investment.
|Date of creation:||Jun 1999|
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References listed on IDEAS
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- Bronwyn H. Hall, 1992.
"Investment and Research and Development at the Firm Level: Does the Source of Financing Matter?,"
NBER Working Papers
4096, National Bureau of Economic Research, Inc.
- Bronwyn H. Hall., 1992. "Investment and Research and Development at the Firm Level: Does the Source of Financing Matter?," Economics Working Papers 92-194, University of California at Berkeley.
- Hall, Bronwyn H., 1992. "Investment and Research and Development at the Firm Level: Does the Source of Financing Matter?," Department of Economics, Working Paper Series qt5j59j6x3, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
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