Financial constraints, R&D investment, and the value of cash

dc.creator	Zhou, Jun
dc.creator	Booth, Laurence
dc.creator	Ntantamis, Christos
dc.date.accessioned	2014-02-26T19:25:46Z
dc.date.available	2014-02-26T19:25:46Z
dc.date.issued	2013
dc.identifier	http://library2.smu.ca/bitstream/handle/01/25409/asb_proceedings_2013.pdf#page=171
dc.identifier.uri	http://library2.smu.ca/xmlui/handle/01/25712
dc.description.abstract	This paper investigates whether the relationship between financial constraints and the marginal value of corporate cash holdings varies across firms with and without R&D investment. We find that among firms with positive R&D investment the marginal value of cash is higher in financially constrained firms than unconstrained ones, whereas this difference is not significant among firms without R&D investment.	en_CA
dc.description.provenance	Submitted by Trish Grelot (trish.grelot@smu.ca) on 2014-02-26T19:25:46Z No. of bitstreams: 0	en
dc.description.provenance	Made available in DSpace on 2014-02-26T19:25:46Z (GMT). No. of bitstreams: 0 Previous issue date: 2013	en
dc.language.iso	en	en_CA
dc.publisher	Atlantic Schools of Business	en_CA
dc.subject.lcsh	Corporations -- Finance
dc.title	Financial constraints, R&D investment, and the value of cash	en_CA
dc.type	Text	en_CA
dcterms.bibliographicCitation	Proceedings of the 43rd Atlantic Schools of Business conference, St. Francis Xavier University, 2013, pp 171-183