Original paper
The innovation debt penalty: Cost of debt, loan default, and the effects of a public loan guarantee on high-tech firms
Abstract
High-technology firms per se are perceived to be more risky than other, more conventional, firms. It follows that financial institutions will take this into account when designing loan contracts, and that this will manifest itself in more costly debt. In this paper we empirically test whether the provision of a government loan guarantee fundamentally changes the way lenders price debt to high-tech firms. Further, we also examine whether there...
Paper Details
Title
The innovation debt penalty: Cost of debt, loan default, and the effects of a public loan guarantee on high-tech firms
Published Date
Feb 1, 2018
Volume
127
Pages
166 - 176
Citation AnalysisPro
You’ll need to upgrade your plan to Pro
Looking to understand the true influence of a researcher’s work across journals & affiliations?
- Scinapse’s Top 10 Citation Journals & Affiliations graph reveals the quality and authenticity of citations received by a paper.
- Discover whether citations have been inflated due to self-citations, or if citations include institutional bias.
Notes
History