Young Innovative Firms, Investment-Cash Flow Sensitivities and Technological Misallocation

Can technological misallocation generate financial frictions? We build a theoretical model with testable implications, in which the misallocation between R&D and production activities generates borrowing constraints. The investor offers the innovator a rent that is contingent to the success of i...

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Autores:

Tipo de recurso:

Fecha de publicación:

2017

Institución:

Universidad del Rosario

Repositorio:

Repositorio EdocUR - U. Rosario

Idioma:

spa

OAI Identifier:

oai:repository.urosario.edu.co:10336/13524

Acceso en línea:

https://doi.org/10.48713/10336_13524
http://repository.urosario.edu.co/handle/10336/13524

Palabra clave:

Economía financiera
G11
033
D86
Moral hazard
Endogenous borrowing constraints
Technological misallocation
Análisis de inversiones
Finanzas
Inversiones

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http://purl.org/coar/access_right/c_abf2