Data and Code for: "Innovation for Innovators: The Financing of Intangibles"
Principal Investigator(s): View help for Principal Investigator(s) Ana Babus, Washington University in St. Louis; Matias Marzani, Washington University in St. Louis; Sara Moreira, Northwestern University
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| Replication | 04/11/2023 08:31:PM |
Project Citation:
Babus, Ana, Marzani, Matias, and Moreira, Sara. Data and Code for: “Innovation for Innovators: The Financing of Intangibles.” Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-04-26. https://doi.org/10.3886/E188701V1
Project Description
Summary:
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This paper examines the characteristics of firms that adopt new financial products and its association with measures of performance. We build a novel firm-level panel dataset and document a positive association between intangible capital and the adoption of new products. We also find that access to external financing through new types of securities is associated with size growth and further investments into intangibles. These findings have important implications for understanding the role that financial innovation can play in meeting the financing needs of firms that rely heavily on intangible capital.
Scope of Project
Subject Terms:
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innovation;
financial products;
intangibles
JEL Classification:
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D22 Firm Behavior: Empirical Analysis
G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
O31 Innovation and Invention: Processes and Incentives
D22 Firm Behavior: Empirical Analysis
G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
O31 Innovation and Invention: Processes and Incentives
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