Capital, Ideas, and the Costs of Financial Frictions
收藏NBER2024-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32056
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资源简介：
We study the role of financial frictions in determining the allocation of investment and innovation. Empirically, we find that established firms are investment-intensive when they have low net worth but become innovation-intensive as they accumulate net worth. To interpret these findings, we develop
提供机构：
美国国家经济研究局
创建时间：
2024-01-01
