R&D investment, credit rationing and sample selection.
We study whether R&D-intensive firms are liquidity-constrained, by also modeling their antecedent decision to apply for credit. This sample selection issue is relevant when studying a borrower-lender relationship, as the same factors can influence the decisions of both parties. We find firms wit...
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| Main Authors: | , |
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| Format: | Default Preprint |
| Published: |
2005
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| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/587 |
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