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https://doi.org/10.1080/1331677X.2015.1087327

Analysis of innovation based on financial structure

You-hua Chen
Pu-yan Nie
Xiao-wei Wen

Puni tekst: engleski, pdf (427 KB) str. 631-640 preuzimanja: 151* citiraj
APA 6th Edition
Chen, Y., Nie, P. i Wen, X. (2015). Analysis of innovation based on financial structure. Economic research - Ekonomska istraživanja, 28 (1), 631-640. https://doi.org/10.1080/1331677X.2015.1087327
MLA 8th Edition
Chen, You-hua, et al. "Analysis of innovation based on financial structure." Economic research - Ekonomska istraživanja, vol. 28, br. 1, 2015, str. 631-640. https://doi.org/10.1080/1331677X.2015.1087327. Citirano 18.01.2020.
Chicago 17th Edition
Chen, You-hua, Pu-yan Nie i Xiao-wei Wen. "Analysis of innovation based on financial structure." Economic research - Ekonomska istraživanja 28, br. 1 (2015): 631-640. https://doi.org/10.1080/1331677X.2015.1087327
Harvard
Chen, Y., Nie, P., i Wen, X. (2015). 'Analysis of innovation based on financial structure', Economic research - Ekonomska istraživanja, 28(1), str. 631-640. https://doi.org/10.1080/1331677X.2015.1087327
Vancouver
Chen Y, Nie P, Wen X. Analysis of innovation based on financial structure. Economic research - Ekonomska istraživanja [Internet]. 2015 [pristupljeno 18.01.2020.];28(1):631-640. https://doi.org/10.1080/1331677X.2015.1087327
IEEE
Y. Chen, P. Nie i X. Wen, "Analysis of innovation based on financial structure", Economic research - Ekonomska istraživanja, vol.28, br. 1, str. 631-640, 2015. [Online]. https://doi.org/10.1080/1331677X.2015.1087327

Sažetak
This paper examines the interaction between innovation and financial structure under monopoly. We characterise the effects of debt levels on innovative investment by considering a limited liability effect. On one hand, higher debt levels promote both innovative investment and the outputs. On the other hand, shareholders’ net benefits are reduced by higher debt levels and net profit per debt is correspondingly reduced by higher debt level under positive net profit. More importantly, this study captures the interaction between financial structure and industrial organisation without restriction of the interior point.

Ključne riječi
financial structure; innovation; monopoly; corporate finance; debt levels; game theory

Hrčak ID: 171550

URI
https://hrcak.srce.hr/171550

Posjeta: 235 *