Dynamic R&D Choice and the Impact of the Firm's Financial Strength
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This article investigates how a firm's financial strength affects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from its
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美国国家经济研究局创建时间：
2016-02-01
