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Patent Collateral, Investor Commitment, and the Market for Venture Lending

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NBER2014-10-01 更新2025-01-04 收录
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The use of debt to finance risky entrepreneurial-firm projects is rife with informational and contracting problems. Nonetheless, we document widespread lending to startups in three innovation-intensive sectors and in early stages of development. At odds with claims that the secondary patent market

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2014-10-01
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