Essays in corporate finance

• Main Author: YU, Yiwei
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: Innovation; patents; Financing capacity; Real estate collateral; Financing constraints; dual-class; market conditions; corporate governance; Sarbanes-Oxley; R&D expenditures; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/etd_coll_all/35; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1019&context=etd_coll_all
• Institution: Singapore Management University

Innovation is vital to companies’ competitive advantages and is an important driver of economic growth. However, innovation is costly, since the innovation process is long, idiosyncratic, and uncertain, often involving a very high failure probability and great positive externalities .We thus launch...