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The Financing of R&D and Innovation

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NBER2009-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15325
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Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for underinvestment that exist even when externality-induced underinvestment is absent. We conclude that while small and new innovative firms experience high costs of capital that are only
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2009-09-01
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