Debt financing and R&D investments

Josep Tribó
Authors registered in the RePEc Author Service: Ester Martínez-Ros

DEE - Working Papers. Business Economics. WB from Universidad Carlos III de Madrid. Departamento de Economía de la Empresa

Abstract: Our model shows that firm's debt-equity ratio decreases with R&D investment returns, firms' R&D specialization degree, and internal funds availability. Our basic hypothesis is that firms specialized in R&D assimilate faster than others their R&D investment.

Keywords: R&D; Debt; financing (search for similar items in EconPapers)
JEL-codes: G32 O32 (search for similar items in EconPapers)
Date: 1999-06
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Persistent link: https://EconPapers.repec.org/RePEc:cte:wbrepe:6515

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