Show simple item record

dc.contributor.authorKerr, William Robert
dc.contributor.authorNanda, Ramana
dc.date.accessioned2014-12-08T18:06:06Z
dc.date.issued2014-12-08
dc.identifier.citationKerr, William R., and Ramana Nanda. "Financing Innovation." Annual Review of Financial Economics 7 (November 2015): 445–462. (Originally Harvard Business School Working Paper, No. 15-034, November 2014.)en_US
dc.identifier.issn0025-1909
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:13479074
dc.description.abstractWe review the recent literature on the financing of innovation, inclusive of large companies and new startups. This research strand has been very active over the past five years, generating important new findings, questioning some long-held beliefs, and creating its own puzzles. Our review outlines the growing body of work that documents a role for debt financing related to innovation. We highlight the new literature on learning and experimentation across multi-stage innovation projects and how this impacts optimal financing design. We further highlight the strong interaction between financing choices for innovation and changing external conditions, especially reduced experimentation costs.en_US
dc.language.isoen_USen_US
dc.relation.isversionofhttps://doi.org/10.1146/annurev-financial-111914-041825
dash.licenseOAP
dc.titleFinancing Innovationen_US
dc.typeResearch Paper or Reporten_US
dc.typejournal article
dc.description.versionAuthor's Originalen_US
dc.relation.journalHarvard Business School working paper series # 15-034en_US
dc.relation.journalAnnual Review of Financial Economics
dash.depositing.authorKerr, William Robert
dc.date.available2014-12-08T18:06:06Z
dash.workflow.commentsOctober 4, 2019. Mandy Shear updated the HBS working paper record with published issue information.
dc.identifier.doi10.1146/annurev-financial-111914-041825*
dash.authorsorderedfalse
dash.contributor.affiliatedKerr, William
dash.contributor.affiliatedNanda, Ramana
dc.identifier.orcid0000-0001-7350-075X


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record