How do banks finance R&D intensive firms? the role of patents in overcoming information asymmetry✰
Sign Up to like & getrecommendations! Published in 2020 at "Finance Research Letters"
DOI: 10.1016/j.frl.2020.101485
Abstract: Abstract We examine how banks finance R&D intensive firms, focusing on the role of patents in overcoming information asymmetry in bank lending. Consistent with moral hazard in due diligence and monitoring, we find that lead… read more here.
Keywords: banks finance; patents overcoming; finance intensive; finance ... See more keywords