<> <http://www.w3.org/2000/01/rdf-schema#comment> "The repository administrator has not yet configured an RDF license."^^<http://www.w3.org/2001/XMLSchema#string> . <> <http://xmlns.com/foaf/0.1/primaryTopic> <https://discovery.ucl.ac.uk/id/eprint/17751> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://purl.org/ontology/bibo/AcademicArticle> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://purl.org/ontology/bibo/Article> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/dc/terms/title> "Technology and financial structure: are innovative firms different?"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/ontology/bibo/abstract> "We use data on publicly traded U.K. firms to investigate whether financing choices differ systematically with R&D intensity. As well as looking at a balance sheet measure of the debt/assets ratio, we also consider the probability of raising finance by issuing new equity, and the shares of bank debt and secured debt in total debt. We find a nonlinear relationship with the debt/assets ratio: firms that report positive but low R&D use more debt finance than firms that report no R&D, but the use of debt finance falls with R&D intensity among those firms that report R&D. We find a simpler relationship with the probability of issuing new equity: Firms that report R&D are more likely to raise funds by issuing shares than firms that report no R&D, and this probability increases with R&D intensity. The shares of bank debt and secured debt in total debt are both lower for firms that report R&D compared to those that do not, and tend to fall as R&D intensity rises. We discuss possible explanations for these patterns."^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/dc/terms/date> "2004-04" . <https://discovery.ucl.ac.uk/id/document/5404> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://purl.org/ontology/bibo/Document> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/ontology/bibo/volume> "2" . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/ontology/bibo/issue> "2-3" . <https://discovery.ucl.ac.uk/id/publication/ext-15424766> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://purl.org/ontology/bibo/Collection> . <https://discovery.ucl.ac.uk/id/publication/ext-15424766> <http://xmlns.com/foaf/0.1/name> "Journal of the European Economic Association"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/dc/terms/isPartOf> <https://discovery.ucl.ac.uk/id/publication/ext-15424766> . <https://discovery.ucl.ac.uk/id/publication/ext-15424766> <http://www.w3.org/2002/07/owl#sameAs> <urn:issn:15424766> . <https://discovery.ucl.ac.uk/id/publication/ext-15424766> <http://purl.org/ontology/bibo/issn> "15424766" . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/ontology/bibo/status> <http://purl.org/ontology/bibo/status/peerReviewed> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/ontology/bibo/status> <http://purl.org/ontology/bibo/status/published> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/dc/terms/creator> <https://discovery.ucl.ac.uk/id/person/ext-PAGHI04> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/ontology/bibo/authorList> <https://discovery.ucl.ac.uk/id/eprint/17751#authors> . <https://discovery.ucl.ac.uk/id/eprint/17751#authors> <http://www.w3.org/1999/02/22-rdf-syntax-ns#_1> <https://discovery.ucl.ac.uk/id/person/ext-PAGHI04> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/dc/terms/creator> <https://discovery.ucl.ac.uk/id/person/ext-0d7a88f367988cd0f74b2330b1b4eafb> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/ontology/bibo/authorList> <https://discovery.ucl.ac.uk/id/eprint/17751#authors> . <https://discovery.ucl.ac.uk/id/eprint/17751#authors> <http://www.w3.org/1999/02/22-rdf-syntax-ns#_2> <https://discovery.ucl.ac.uk/id/person/ext-0d7a88f367988cd0f74b2330b1b4eafb> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/dc/terms/creator> <https://discovery.ucl.ac.uk/id/person/ext-65a44d9ee4f075aa84622af5d570de54> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/ontology/bibo/authorList> <https://discovery.ucl.ac.uk/id/eprint/17751#authors> . <https://discovery.ucl.ac.uk/id/eprint/17751#authors> <http://www.w3.org/1999/02/22-rdf-syntax-ns#_3> <https://discovery.ucl.ac.uk/id/person/ext-65a44d9ee4f075aa84622af5d570de54> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/dc/terms/creator> <https://discovery.ucl.ac.uk/id/person/ext-153110ee57c6adbaf1665e2a2f502994> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/ontology/bibo/authorList> <https://discovery.ucl.ac.uk/id/eprint/17751#authors> . <https://discovery.ucl.ac.uk/id/eprint/17751#authors> <http://www.w3.org/1999/02/22-rdf-syntax-ns#_4> <https://discovery.ucl.ac.uk/id/person/ext-153110ee57c6adbaf1665e2a2f502994> . <https://discovery.ucl.ac.uk/id/person/ext-153110ee57c6adbaf1665e2a2f502994> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://xmlns.com/foaf/0.1/Person> . <https://discovery.ucl.ac.uk/id/person/ext-153110ee57c6adbaf1665e2a2f502994> <http://xmlns.com/foaf/0.1/givenName> "I."^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-153110ee57c6adbaf1665e2a2f502994> <http://xmlns.com/foaf/0.1/familyName> "Marinescu"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-153110ee57c6adbaf1665e2a2f502994> <http://xmlns.com/foaf/0.1/name> "I. Marinescu"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-PAGHI04> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://xmlns.com/foaf/0.1/Person> . <https://discovery.ucl.ac.uk/id/person/ext-PAGHI04> <http://xmlns.com/foaf/0.1/givenName> "P."^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-PAGHI04> <http://xmlns.com/foaf/0.1/familyName> "Aghion"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-PAGHI04> <http://xmlns.com/foaf/0.1/name> "P. Aghion"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-65a44d9ee4f075aa84622af5d570de54> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://xmlns.com/foaf/0.1/Person> . <https://discovery.ucl.ac.uk/id/person/ext-65a44d9ee4f075aa84622af5d570de54> <http://xmlns.com/foaf/0.1/givenName> "A."^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-65a44d9ee4f075aa84622af5d570de54> <http://xmlns.com/foaf/0.1/familyName> "Klemm"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-65a44d9ee4f075aa84622af5d570de54> <http://xmlns.com/foaf/0.1/name> "A. Klemm"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-0d7a88f367988cd0f74b2330b1b4eafb> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://xmlns.com/foaf/0.1/Person> . <https://discovery.ucl.ac.uk/id/person/ext-0d7a88f367988cd0f74b2330b1b4eafb> <http://xmlns.com/foaf/0.1/givenName> "S."^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-0d7a88f367988cd0f74b2330b1b4eafb> <http://xmlns.com/foaf/0.1/familyName> "Bond"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/person/ext-0d7a88f367988cd0f74b2330b1b4eafb> <http://xmlns.com/foaf/0.1/name> "S. Bond"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://eprints.org/ontology/EPrint> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://eprints.org/ontology/ArticleEPrint> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/dc/terms/isPartOf> <https://discovery.ucl.ac.uk/id/repository> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://eprints.org/ontology/hasDocument> <https://discovery.ucl.ac.uk/id/document/5404> . <https://discovery.ucl.ac.uk/id/document/5404> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://eprints.org/ontology/Document> . <https://discovery.ucl.ac.uk/id/document/5404> <http://www.w3.org/2000/01/rdf-schema#label> "Technology and financial structure: are innovative firms different? 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(Other)"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/document/105902> <http://eprints.org/relation/isVersionOf> <https://discovery.ucl.ac.uk/id/document/5404> . <https://discovery.ucl.ac.uk/id/document/105902> <http://eprints.org/relation/isVolatileVersionOf> <https://discovery.ucl.ac.uk/id/document/5404> . <https://discovery.ucl.ac.uk/id/document/105902> <http://eprints.org/relation/isIndexCodesVersionOf> <https://discovery.ucl.ac.uk/id/document/5404> . <https://discovery.ucl.ac.uk/id/document/105902> <http://eprints.org/ontology/hasFile> <https://discovery.ucl.ac.uk/id/eprint/17751/3/indexcodes.txt> . <https://discovery.ucl.ac.uk/id/document/105902> <http://purl.org/dc/terms/hasPart> <https://discovery.ucl.ac.uk/id/eprint/17751/3/indexcodes.txt> . <https://discovery.ucl.ac.uk/id/eprint/17751/3/indexcodes.txt> <http://www.w3.org/2000/01/rdf-schema#label> "indexcodes.txt"^^<http://www.w3.org/2001/XMLSchema#string> . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://www.w3.org/2000/01/rdf-schema#seeAlso> <https://discovery.ucl.ac.uk/id/eprint/17751/> . <https://discovery.ucl.ac.uk/id/eprint/17751/> <http://purl.org/dc/elements/1.1/title> "HTML Summary of #17751 \n\nTechnology and financial structure: are innovative firms different?\n\n" . <https://discovery.ucl.ac.uk/id/eprint/17751/> <http://purl.org/dc/elements/1.1/format> "text/html" . <https://discovery.ucl.ac.uk/id/eprint/17751/> <http://xmlns.com/foaf/0.1/primaryTopic> <https://discovery.ucl.ac.uk/id/eprint/17751> . <https://discovery.ucl.ac.uk/id/subject/12000> <http://www.w3.org/1999/02/22-rdf-syntax-ns#type> <http://www.w3.org/2004/02/skos/core#Concept> . <https://discovery.ucl.ac.uk/id/subject/12000> <http://www.w3.org/2004/02/skos/core#prefLabel> "Department of Economics"@en . <https://discovery.ucl.ac.uk/id/eprint/17751> <http://purl.org/dc/terms/subject> <https://discovery.ucl.ac.uk/id/subject/12000> .