Financial Constraints, Intangible Assets, and Firm Dynamics : Theory and Evidence /

I study whether firms' reliance on intangible assets is an important determinant of financing constraints. I construct new measures of firm-level physical and intangible assets using accounting information on U.S. public firms. I find that firms with a higher share of intangible assets in total...

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Bibliografiska uppgifter
Huvudupphovsman: Chen, Sophia
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2014.
Serie:IMF Working Papers; Working Paper ; No. 2014/088
Länkar:Full text available on IMF