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...

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Detalles Bibliográficos
Autores Principales: Valencia-Arana, Oscar, Gomez-Gonzalez, Jose Eduardo, Garcia-Suaza, Andres
Otros Autores: Facultad de Economía
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: 2017
Materias:
G11
033
D86
Acceso en línea:http://repository.urosario.edu.co/handle/10336/13524

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