Young Innovative Firms, Investment-Cash Flow Sensitivities and Technological Misallocation
Can technological misallocation generate financial frictions? We build a theoretical model with testable implications, in which the misallocation between R&D and production activities generates borrowing constraints. The investor offers the innovator a rent that is contingent to the success of...
Autores Principales: | , , |
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Otros Autores: | |
Formato: | Documento de trabajo (Working Paper) |
Lenguaje: | Español (Spanish) |
Publicado: |
2017
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Materias: | |
Acceso en línea: | http://repository.urosario.edu.co/handle/10336/13524 |