Credit default swaps and corporate innovation

• المؤلفون الرئيسيون: Chang, Xin, Chen, Yangyang, Wang, Sarah Qian, Zhang, Kuo, Zhang, Wenrui
• مؤلفون آخرون: Nanyang Business School
• التنسيق: مقال
• اللغة: English
• منشور في: 2020
• الموضوعات: Business::Finance; Credit Default Swaps; Corporate Innovation
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/143478

We show that credit default swap (CDS) trading on a firm's debt positively influences its technological innovation output measured by patents and patent citations. This positive effect is more pronounced in firms relying more on debt financing or being more subject to continuous monitoring by l...