Essays in corporate finance

• 主要作者: YU, Yiwei
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2016
• 主題: Innovation; patents; Financing capacity; Real estate collateral; Financing constraints; dual-class; market conditions; corporate governance; Sarbanes-Oxley; R&D expenditures; Corporate Finance
• 在線閱讀: 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

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...