Corporate Finance and Comparative Advantage
Peter Egger; Christian Keuschnigg;
- Publisher: Verein für Socialpolitik Frankfurt a. M.
- Subject: F11 | Finance constraints | K22 | protection | comparative advantage | G38 | Innovative firms, corporate finance, comparative advantage
- jel: jel:G34 | jel:F11 | jel:K22 | jel:L26ddc: ddc:330
Since innovative firms are often financially constrained, access to external funds is important for the expansion of innovative industries. This paper reports four important results. First, comparative advantage is shaped by factor endowments as well as fundamental dete... View more