Innovation Output and the Cost of Funds
Description:
Do firms with higher levels of innovation output, measured by patent counts and citations, enjoy lower costs of funds? The process to develop and apply for patents involves valuable resources. Thus, applying for a patent is a credible signal that the underlying invention is valuable. This value is validated to some degree when the patent is granted. In addition, patents contain detailed information about the firm's inventions and provide collateral value as they can be sold and licensed. The n…
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Date:
December 2016
Creator:
Almomen, Adel Abdulkareem
Partner:
UNT Libraries