Optimal Financing for R&D-Intensive Firms
收藏NBER2017-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23831
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资源简介：
We develop a theory of optimal financing for R&D-intensive firms that uses their unique featureslarge capital outlays, long gestation periods, high upside, and low probabilities of R&D successthat explains three prominent stylized facts about these firms: their relatively low use of debt, large cash
提供机构：
美国国家经济研究局
创建时间：
2017-09-01
