The implications of debt heterogeneity for R&D investment and firm performance
An assumption in prior research is that debt is homogeneous and provides inappropriate governance for R&D investments. We argue that debt is heterogeneous: although transactional debt does indeed impose strict contractual constraints that provide inappropriate governance for R&D investments,...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2008
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/2909 https://ink.library.smu.edu.sg/context/lkcsb_research/article/3908/viewcontent/AMJ08.pdf |
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| Institution: | Singapore Management University |
| Language: | English |